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Total Wealth of Brics Block Estimated to now Eclipse 45 Trillion - Top 10 Richest Brics cities- MENA Nations Joins Brics Below excerpt article reported by. Henley & Partners (2024), The BRICS Wealth Report: Challenging the Global Economic Order Click link to see full article The total investable wealth currently held in the BRICS bloc amounts to USD 45 trillion and its millionaire population is expected to rise by 85% over the next 10 years, according to the inaugural BRICS Wealth Report, published today by international investment migration advisory firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth. There are currently 1.6 million individuals with investable assets of over USD 1 million in the grouping of the world’s leading emerging economies, including 4,716 centi-millionaires or ‘centis’ (with more than USD 100 million in investable assets) and 549 billionaires. Top 10 wealthiest BRICS cities China lays claim to five of the Top 10 wealthiest cities in the grouping, with its capital Beijing securing top honors as the wealthiest BRICS city, home to 125,600 millionaires, including 347 centi-millionaires and 42 billionaires. Hot on its heels is Shanghai with 123,400 resident HNWIs, of whom 322 are centis and 39 are billionaires. The other three Chinese cities making it into the Top 10 are Shenzhen (5th with 50,300 millionaires), Hangzhou (6th with 31,600), and Guangzhou (9th with 24,500). Dubai is in 3rd place, living up to its reputation as the ‘City of Gold’ with 72,500 millionaires making it their home, of whom 212 are centi-millionaires and 15 are billionaires, and Abu Dhabi sits in 10th place with 22,700 resident millionaires (including 68 centis and 5 billionaires). Mumbai, India’s largest megacity and de-facto financial center, comes 4th with 58,800 resident millionaires (236 centis and 29 billionaires among them) and its national capital Delhi ranks 7th (home to 31,000 millionaires, including 123 centis and 16 billionaires) ahead of Moscow in 8th place (30,300 millionaires, with 207 centis and 23 billionaires). … wealth growth of 75% (Abu Dhabi) — in the case of Shenzhen — an astonishing 140% more millionaires than in 2013. G7 Countries losing rapidly to BRICs "The G7 countries' share of the world's gross domestic product (GDP) declined since 2000. While holding over 40 percent of the world's total GDP in 2000, this had dropped to nearly 30 percent by 2022…" Reported by Dyvik, Statista (2023), G7 countries' share of world's GDP 2000-2023 While Brics forecasts 55-110% in growth by 2033 Brics countries wealth increase forecast 2033 - Looking to the decade ahead, when it comes to private wealth growth projections, India leads the BRICS pack with a forecast 110% increase in wealth per capita by 2033. Saudi Arabia is runner up with its wealth per capita expected to expand by over 105% in the next 10 years, followed closely by the UAE on 95%. China (85%), Ethiopia (75%), South Africa (60%), and Egypt (55%) are all forecast to enjoy wealth growth of over 50% in the next decade. Reported by. Henley & Partners (2024), The BRICS Wealth Report: Challenging the Global Economic Order MENA Nations join BRICS "The inclusion of MENA [Middle East and North Africa] countries is not just a political realignment, but a recognition of their growing economic stature,” Juerg Steffen, CEO of Henley & Partners, said, adding that “the region, historically pivotal due to its energy resources, is now asserting a more diversified economic role.” Reported by RT (2024), BRICS nations hold $45 trillion in investable wealth – report Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #NATO #BRICS #G7 #MENA #China