The journey through the thriving metropolises of the BRICS nations is led by China, with its five cities making the prestigious list. Spearheaded by Beijing, the crown jewel boasts 125,600 millionaires and 42 billionaires. Shanghai follows closely, with an impressive 123,400 high-net-worth individuals (HNWIs) calling it home.
Not to be outdone, the UAE and India each boast two cities among the elite, with Dubai and Abu Dhabi showcasing their opulence alongside Mumbai and Delhi.
From the glittering skyscrapers of Dubai's 'City of Gold' to Mumbai's bustling financial hub, explore the diverse landscapes of wealth and prosperity.
Yet, amidst the glitz and glamour, Moscow stands as a unique outlier, experiencing a decline in its millionaire population over the past decade probably strongly driven by the Russia/Ukraine conflict and the devaluation of the Russian ruble.
Despite this, the remaining cities have witnessed remarkable private wealth growth, reflecting the dynamic economic landscapes of the BRICS nations.
Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
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