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I. Mohammed VI As King Midas! ! In July 2009, the American magazine Forbes came up with a sur- prise when it published its annual list of the wealthiest personalities in the world. In the grouping specially devoted to reigning monarchs, the king of Morocco, Mohammed VI, made an astonishing appearance in seventh place, with a fortune estimated at $2.5 billion. He placed ahead of rivals who, although they appeared to be richly endowed, such as the Emir of Qatar whose lands are overflowing with natural gas and oil, or the Emir of Kuwait whose fortune, according to Forbes, was one-sixth that of the Moroccan king.! In 2009, the world financial crisis that took place a year earlier, had hit all sources of revenue with full force, including those from the wealthiest sectors. However, Mohammed VI, whose fortune had dou- bled in five years, seemed to have mysteriously escaped from this unforeseen turn of events since Forbes put him at the top of the cate- gory of personalities having acquiredPreview their wealth during from 2008.! Notesale.co.uk Of course, between these "top ten" among whom the Moroccan monarch, and the lower portion of thePage category in6 which of the 177 country of Morocco was classified, a sizable gap existed.! In the world report on human development drawn up by the PNUD, the U.N. agency for development, covering the period from 2007 to 2008, Morocco was actually classified as 126th (out of 177 countries) from the point of view of "human development." and the poverty level of the country reached 18.1%.1 Better yet, more than than five million Moroccans live on $1.202 a day, and the minimum legal daily salary does not exceed $0.70.
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