Why is kuwait rich?

Because Kuwait has nearly 10% of the world's oil reserves. Petroleum accounts for nearly half of GDP and 95% of export revenues and government income. It also has a small populatioin - only 3.36 million people. read more

Kuwait is rich country with strong currency value in the global market. We can attribute the following reasons for it. Kuwaiti Dinar (0.30 KWD to 1 USD) A strong market in oil exports has helped augment Kuwait's wealth and increase the value of the Kuwaiti dinar. Petroleum exports account for 94% of the country's export revenue. read more

So there are quite a few kids from Kuwait at my school and they are all filthy rich. They all drive Lamborghinis, Porsches and Ferraris that their parents bought them, and some of them have 2 or 3 other cars (Their own cars, not their parent's cars). read more