No. 18: Singapore
Population: 5.1 million
2009 number of millionaire households: 122,697
Percentage increase: 35.4 percent YOY
Share of country’s wealth held by millionaire households: 53 percent
The chances of running into a millionaire are high in Singapore, which had the world’s greatest density of millionaires, who represented 11.4 percent of total households in 2009. They controlled 53 percent of the country’s wealth. Singapore’s economy shrank 2.1 percent last year but has improved, growing 13.1 percent year-on-year in the first quarter of 2010.
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On 23 Jul 2010, Singapore Pools may help to add 1 or more new millioniare into this list.
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
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