9. France
With 64 billionaires and total net worth of $202 billion, France stands on 9th spot in the list. During the last year, the French high court approved a law under which the companies that are paying the highest salaries are asked to pay about 75% tax rate.
Due to this reason, numerous wealthy people are about to leave the nation only because of highest tax rates. Majority of French billionaires are living in Paris (The Capital of France) which is also widely known as the city of lights.
8. Saudi Arabia
Saudi Arabia has countless oil reserves making it a richest Middle East nation and it has long been the home of billionaires. Moreover, it also claimed to have the great population of wealthiest people having worth of more than $30 million of their assets. In accordance to a report by Wealth-X, during the last year, Saudi Arabia reported having 200 of these richest people. In all the Middle East nations, Syria is the only nation where the economy is not much strong, but all the other Middle East nation have seen double-digit growth in their economy.
Discussion about this post