UAE is now one of the top 20 list of countries with the most billionaire.

The UAE is now one of the billionaire capitals of the world, according to a new research. 

The Hurun Research Institute, a China-based research firm, published recently a report that shows the UAE has broken for the first time into the world’s top 20 list of countries with the highest number of ultra-rich residents. 

The country’s billionaire population jumped by a little more than 30 per cent in 2016 compared to a year earlier. A total of 21 individuals with at least $1 billion (Dh3.67 billion) are now living in the UAE, up from just 16 a year earlier, making the UAE the 19th most preferred destination for billionaires.