Arab Today, arab today wealthiest emiratis donate more than 10m during their lifetime
Last Updated : GMT 00:51:25
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

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 Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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