Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime
Last Updated : GMT 15:09:50
Arab Today, arab today
Arab Today, arab today

Wealthiest Emiratis donate more than $10m during their lifetime

Arab Today, arab today

Arab Today, arab today Wealthiest Emiratis donate more than $10m during their lifetime

Wealthiest Emiratis
Dubai - Arab Today

Some of the wealthiest Emiratis donate more than US$10 million each over the course of their lives, a study has found.

These ultra-wealthy philanthropists are defined as those who have net assets of at least $30m.

The global figure for such individuals is $28.7m, the report by Wealth-X, a global wealth intelligence provider and Arton Capital, an international financial advisory showed yesterday.

“The UAE is one of the most prosperous countries on earth, and makes huge contributions through philanthropic giving, but more can always be done to bridge the gap between the world’s richest and poorest,” said Armand Arton, the president and chief executive of Arton Capital.

In July, one of the UAE’s most prominent business families, Al Ghurair, said it would give a third of its wealth – more than $1billion – to charity. Abdullah Al Ghurair, the head of the eponymous Dubai-based conglomerate best known as founder-owner of Mashreq bank, unveiled the Abdullah Al Ghurair Education Foundation and pledged Dh4.2bn to fund its first 10 years.

Similar moves were echoed in Saudi Arabia when Prince Alwaleed bin Talal pledged to direct most of his $32bn fortune towards charitable purposes in the kingdom.

Global philanthropic giving among the world’s ultra-wealthy last year reached $112bn, reflecting a surge of 25 per cent from 2004 and up 6.4 per cent year-on-year, according to the report.

Education remained the top cause that ultra-wealthy people donate to, followed by health.

The refugee crisis also ranked high in terms of importance. About 4.3 million Syrians are registered as refugees, the study showed – out of the estimated 60 million refugees worldwide. Providing shelter, education and a stipend for the 4.3 million Syrian refugees would cost about $60.2bn, the report showed.

As it stands, about 7,441, or 1 in 28 ultra-wealthy people, gave a total of US$2.7bn to the refugee crisis. The average amount of donation was $357,500.

In terms of total donations, India had the most generous donors, followed by the United Kingdom and Hong Kong. But based on donations as a percentage of net worth, the UK ranked on top of the list of the most generous donors, followed by the United States and Hong Kong.

Source :The National

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday