I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Tuesday, 17 November 2015

Singapore will be a land of millionaires by 2020, predicts report



Almost 1 in 30 residents will be ultra-wealthy in five years.

Millionaires, or high net worth individuals (HNWIs), will grow at a faster rate in Singapore than in Hong Kong, according to a study by WealthInsight.

Singapore currently has 154,000 HNWIs that collectively hold US$806.3b in net wealth, reflecting a population growth of 17% from the 130,000 millionaires in the country in 2010. By 2020, Singapore HNWIs are expected to number 188,000- roughly 1 millionaire in 30 people. This reflects an 18.3% hike in the next half-decade, versus the expected 15.6% HNWI growth in Hong Kong.


Read? Singapore will be a land of millionaires by 2020, pr
edicts report
Posted by Createwealth8888 at 17:40
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4 comments:

  1. Rolf Suey18 November 2015 at 00:09:00 GMT+8

    how to calculate net worth. Is the property u currently staying considered? if yes, then bit diff maybe!

    ReplyDelete
    Replies
    1. Createwealth888818 November 2015 at 07:21:00 GMT+8

      exclude the value of one's designated residential home

      Delete
  2. Sanye ◎ 三页18 November 2015 at 09:10:00 GMT+8

    If the residential property is included, the percentage will be much higher, I guess then there will be a millionaire in every 4~5.

    ReplyDelete

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