There are 77000 Millionaires in Singapore
Jun 26, 2008 Around the Word, Life, Singapore
This is based on a report conducted by Merrill Lynch and Capgemini jointly. It is called World Wealth Report.
In the report, Singapore is number 7 in the HNWI Population Growth, 2006 – 2007 (by Market). HNWI means high net worth individuals. Those taken into accounts in this report are those who own at 1 million US dollars of wealth. The property that the person live in is not taken into consideration.
77000 out of 4.5 millions of population. It mean, there is 1 millionaire among every 60 persons in Singapore. So, there are how many around you?
Travel, gems favoured by Asia’s rising millionaires: study
Merrill Lynch and Capgemini Release 12th Annual World Wealth Report
Download the report in PDF format HERE
Tags: Capgemini, Merrill Lynch, millionaire, Singapore, wealth, World Wealth Report
Singapore Ousting HK as Top Millionaire Hub By 2017
May 7, 2008 Life, Money, Singapore
It is from a report released by Barclay Wealth, available in ST (S’pore to have highest concentration of millionaires by 2017 - for registered users only) and Business Times (S’pore ousting HK as top millionaire hub - for registered users only). It is saying that:
Last year, Singapore trailed Hong Kong in highest wealth density, with 23.3 per cent of residents having wealth of more than US$1 million. But by 2017, Singapore is expected to see this figure grow to 40.7 per cent - some 436,000 households - in comparison to Hong Kong’s predicted 39.4 per cent.
40.7%, which means there are 2 millionaires households in every 5! That is a lot!
Will you be the 2 millionaires out of 5? Or the remaining 3?
For myself, maybe I am not even in Singapore anymore by then.
For those who wants to read the reports, you can go to HERE, or HERE.
Tags: Barclay Wealth, Business Times, millionaire, Singapore, ST
