Qatar net worth
Qatar is a very wealthy nation with an incredible 0.1% unemployment rate and one of the lowest tax rates in the world. It is a place where Qatari nationals only make up 13% of the population and expatriates account for the rest. But exactly just how valuable and rich is Qatar? Here is a more in-depth look at Qatar’s net worth.
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While China and the United States are at the top of the World’s Richest countries, Qatar surpasses both of them in terms of GDP per capita. As of 2014, Qatar is officially known as the world’s richest nation with over $105,000 per capita GDP while the United States can only manage about half of that amount with $54,678. The UK in comparison has a GDP of $41,787 per capita according to figures from 2013.
The current Sheikh of Qatar, Tamim bin Hamad Al Thani, became the world’s youngest reigning monarch in June of 2013. He has a net worth of $2 billion similar to that of his father, the previous Sheikh. Retail entrepreneur and Qatari national Wissam Al Mana and husband to Janet Jackson, is only a billion behind with the net worth of $1 billion.
In terms of businesses, the two largest businesses in Qatar are Qatar National Bank and Industries Qatar. These two companies have a net worth of $15.9 billion and $21 billion respectively. Compare that to the UK based company, HSBC with an equity of $190.4 billion and it may not seem like a lot. Remember though there is quite a large difference in terms of country size with Qatar having a population of 2.1 million and the UK boasting 64 million.
Qatar is also one of the leading countries in terms of aviation with Qatar Airways ranked number 2 by Skytrax. The company has recently ordered 50 Boeing 777s worth a staggering $19 billion to bolster its' fleet. Qatar also miraculously won the bid for the 2022 FIFA World Cup which makes it the first time the Cup will be held in the Middle East. One can only image how beneficial this will be for the economy with the huge numbers a World Cup brings in visitors every 4 years.