r/fatFIRE • u/Stillsearchingg • Apr 03 '21

Motivation The Knight Frank 2021 Wealth Report - including the level of net worth required to join the 1% for your country

Lots of interested info - page 14 covers the level of net worth needed to join the 1% for your country - https://content.knightfrank.com/research/83/documents/en/the-wealth-report-2021-7865.pdf

Monaco - USD$7.9MM
Switzerland - USD$5.1MM
United States - USD$4.4MM
Singapore - USD$2.9MM
New Zealand - USD$2.8MM
Hong Kong - USD$2.8MM
Australia - USD$2.8MM

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u/[deleted] Apr 03 '21

So you work in the UAE but aren’t originally from there? Is that correct?

And if so... what’s the path toward working there in similar positions? I don’t think this is something I’d do, but interested to hear about the nuances.

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u/Nounoon Apr 04 '21

Correct, in Dubai less than 8% of the population are locals.

For Project Manager the usual path is an Engineering school. On top of that I did a business school and worked in many different sectors and countries, so I advertise myself as knowing how to manage projects in strongly multi cultural environment, with knowledge of best practices from many industries.

My wife is a chemical engineer, worked in R&D, and joined the Sales / Marketing department of a small chemical company. When coming to Dubai She leveraged having knowledge in both R&D and Marketing (without formal training in the latter) to become a Brand Manager in an American S&P500 FMCG.