More News
ECONOMY | Staff Reporter, Singapore
view(s)

Millionaires in Singapore increased 33%

According to Bloomberg, And there are now 12.5 million millionaires in the world; are you one of them?

Looks like getting rich is no problem for some Singaporeans, as millionaires increased by 33% in the country, according to Boston Consulting Group.

According to the report, millionaire households around the world rose by 12% to 12.5 million in 2010. And Singapore ranks number 1 with the most number of millionaires.

However, this growth is caused by recovery of equity markets, not in the generation of new wealth, said Peter Damisch, a partner based in the firm's Zurich office.

View the full report here.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.