APAC is the world's richest region: report | Singapore Business Review
,Singapore

APAC is the world's richest region: report

Its total wealth comes to US$114.56t.

Asia Pacific, including China and India, is the largest wealth region with total wealth at US$114.56t, according to the Credit Suisse Global Wealth Report.

The region’s wealth increased by 3% since mid 2017.

China ranked second place in the world wealth hierarchy, despite its average wealth per adult of $47,810 in mid 2018 which is lower in comparison to Japan’s US$227,240. Singapore was the only Asian city amongst the top 10 major economies in terms of wealth per adult, placing ninth with US$283,120.

With countries such as China, Japan, Australia, Korea and Taiwan being home to 8.8 millionaires, APAC made a significant contribution to the global pool of high net worth wealth, the report notes. In total, they represent over 20% of the global total.

The Credit Suisse Global Wealth Report measures and analyses global household wealth.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.
Total property income decreased by 4% but was offset by the decline in expenses. 
This is under the Special Situation Fund for Startups investment scheme. 
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
It plans to expand in the coming months, on the back of China’s economic recovery.
Funds will be used to modernise its portfolio.
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
The Mapletree group of companies led the index on 28 July.
A total of 120 flats sold for more than $1m as of the first seven months of the year.
There was a total of 200 auction listings in the second quarter, 40 of which were residential properties.
Singapore’s top 20 most traded manufacturing-related stocks have a combined market value of $98.8b.