Tuesday, October 1, 2013

415 Richest Pakistanis Have $50 Billion Dollars: Wall Street Report

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New York: Among the richest people of Pakistan are the people who possess assets and amount value of $50 billion dollars. The figure of extremely rich people has been recorded to be 45 in figures.

American newspaper Wall Street Journal and various other mass media in reference to the yearly world ultra wealth report 2013 by the Switzerland’s financial think thank UBS have presented the doubt that compared to the past year, there is a remarkable rise in the rich Pakistani people. The increase is calculated to be around 33.9 %, which is the record increase in Asia.


A year ago there were 310 individuals who possessed their assets worth $ 40 billion. The following year 25 % increase in wealthy people has been witnessed. It is relevant here to mention that according to the report, the financial budget of the country is allocated as 36 zillions for the year 2013-2014. On the international level, assets of worth Rs 3 million dollars can include a person in the list of rich people. This year, the figure of rich people appears to be 199235 while there are far more than 2170 people who have more than 1 billion dollar.

A newspaper writes that there been not rich people in the world as they are today. America is also one of the countries where the figures of rich people rose to 66505, with 5,000 rich people included in the list this present year. On the other hand, Chinese people face financial set back and there had been decrease in the number of rich people. Many of them have settled in Hong Kong, giving them the economic boost up.

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