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.


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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!

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    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.

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