0.3% of Lebanese Own 50% of Lebanon

A Separate State of Mind | A Blog by Elie Fares

Lebanon isn’t a country where population studies are omnipresent. However, given the data that the country has, Credit Suisse, in their yearly report on Global Wealth, has managed to paint a picture on how things in this country actually are.

The report dates back to October 2014, and frankly I am surprised that these numbers did not cause a stir and were not discussed. The report, at 160 pages, can be found here. Perhaps no one noticed the info, so here they are:

At an estimated population of 4.37 million, Lebanon’s wealth is estimated at $91 billion. That actually constitutes 0% of global wealth. How anticlimactic.

When it comes to the Middle East, and despite the reputation we get of being oil-rich, things are similar: Saudi Arabia has an estimated wealth of $653 billion, which ends up as roughly 0.2% of global wealth. Qatar, and all our shoukrans, has $200 billion…

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