Private wealth in Oman grew by an impressive 35.4 per cent in 2014 says Boston Consulting Group.
This despite the drop in the price of oil, whose income represents some 46% of Oman’s GDP and 77% of Government revenue. The growth of private wealth was driven by equities, between 2013 and 2014, the amount of wealth held in equities rose by 146.3 %.
In terms of wealth distribution, private wealth held by ultra-high-net-worth households (those with above $100 million) in Oman grew by 61.7 per cent in 2014. With a total population of 2.8 million its said, Oman has 2.5% millionaire households. The expectations are of more Personal Wealth Growth in 2015, though at a lower rate.