WATCH: Demi-billionaires in the Middle East to soar - but what are they?

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The number of demi-billionaires in the Middle East - defined as those individuals with wealth of more than US$500 million in assets - is set to increase by 28 per cent in the next four years, according to a new report by Knight and Frank.

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Ultra-rich in the Middle East to rise 28% by 2022