Weather
18 ° C
18°C
9°C
Sunny
Breaking News

The number of people officially infected with Covid-19 has risen to 73 in Monaco: 3 cured, 15 hospitalised, 4 in ICU

Monaco residents rank number one

Monaco residents rank number one

By Staff Writer - August 23, 2016

Photo: Tobi 87
Photo: Tobi 87

Major economies continue to dominate the global ranking of the richest countries, with one nation’s private fortunes jumping by $200 billion (€177 billion) in six months alone, according to a new report released on Tuesday.

New World Wealth ranked the different countries according to the total amount of wealth, including property, cash, equities and business interests, held by all individuals as of June 2016. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.

Accumulating $48.9 trillion (€43 trillion) in wealth, the United States topped the overall list, followed by China, Japan, the United Kingdom and Germany in the top five. Rounding up the top ten are France, India, Canada, Australia and Italy.

Analysts are impressed by Australia’s showing in the top ten, considering that the country only has a population of 22 million. Australia, as well as Canada, has also overtaken Italy over the past 12 months, while China posted the fastest wealth growth over the past 15 years.

In terms of wealth held per person, European countries dominated the global rankings, with Monaco taking the number one spot. As of June 2016, the average person in Monaco owns $1.6 million (€1.42 million) in wealth, the highest in the world, reports New World Wealth, which also said the high average of wealth of Monaco’s residents can be attributed to the country’s tax-free regime. (Source: Gulf News)

shares
SHARE
Previous articleHeatwave alert in effect
Next articleSummer party for Outward Bound Monaco

daily

April 2, 2020 | Business & Finance

Monaco Telecom acquisition complete

Stephanie Horsman

The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.

0
April 1, 2020 | Business & Finance

Back to business at Larvotto construction site

Cassandra Tanti

Monaco is reopening the Larvotto construction site to workers, saying the beach project is “essential for the development of the Principality”.

0
April 1, 2020 | Business & Finance

Request for Extraordinary Minimum Income

Cassandra Tanti

Monaco’s self-employed entrepreneurs will have access to a minimum monthly income as part of the government’s new economic measures, effective immediately.

0
March 31, 2020 | Business & Finance

€280 million to cover Monaco’s workers

Cassandra Tanti

The Prince’s government has announced another raft of economic measures to support employees impacted by the Covid-19 crisis.

0