Every Dubai Citizen is Worth $2,262,987 But Why?
We’ve all heard about Dubai’s tall buildings, lavish hotels, and crazy riches, but have you ever heard about Abu Dhabi’s riches? The only reason most people know Abu Dhabi is because of Etihad and its close proximity to Dubai. And while it’s easy to write off Abu Dhabi as just another lavish Middle Eastern city, there’s a lot more that’s happening behind the scenes. One of these unique factors is their sovereign wealth fund which boasts over half a trillion dollars. While there are other countries with far larger funds, their respective populations are also significantly larger. Given the size of Abu Dhabi though, this wealth fund not only gives their citizens a well-off retirement but a rich retirement. If we divide the fund’s reserves by the number of Abu Dhabi citizens, we get over $2 million per citizen. While this is quite impressive, life in Abu Dhabi wasn’t always this great. Just 100 years ago, the entire country was just a desert filled with nomads fighting for survival. This video explains the story of Abu Dhabi and how Abu Dhabi became one of the richest areas in the world.
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