Company owners in emerging markets are still disadvantaged when it comes to creating global brands due to attitudes towards money management and wealth.
The report, Emerging Markets: Joining the Global Ranks of Wealth Creators, analyses the personal fortunes of those in the emerging markets of Africa, Central and Eastern Europe and the Middle East. Published in association with Societe General Private Banking, the report is based on 250 ultra high net worth individuals (UHNWIs) from 22 countries and confirms that the average fortune of the 20 richest individuals in Russia is $10.1bn; Middle East $7.6bn; Europe $3.2bn, and Africa $2.3bn. For comparison the average fortune of the 20 richest people in the US is $24.3bn and in Western Europe...
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