Ass Loon now very happy, another 5 billionaires worsen his Gini co-efficient

5 NEW BILLIONAIRES IN SINGAPORE THIS YEAR



Post date:
17 Sep 2014 - 10:14pm






According to the Wealth X and UBS Billionaire Census for 2014, there are now 32 Billionaires in Singapore, five more than there were last year.


Despite Singapore’s small size, it was the country with the fifth most number of billionaires in Asia.



First was China with 190 billionaires, followed by India, Hong Kong and Japan.



In South East Asia, Singapore is the country with the most number of billionaires.



In terms of global trends, Asia is the up and coming market with the largest increase in the number of billionaires. Between them, the wealth increased by 18.7% on last year. The increase is mainly pushed by increased wealth in China.
Globally, there are 2,325 billionaires, 7% more than last year.

The GINI coefficient is of no significance in any society. Life is not about equality. It is about equal opportunity.

Regardless of the GINI coefficient, Singapore's low income earners are way better off compared to the rest of the world and the more billionaires Singapore has, the more opportunities there are for the rest of Singapore to become wealthy.

Time for PAP to disclose who are the billionaires in his PAP.

1. first on the list is his mother Gecko,

2. 2nd his father,

3. himself

4. his siblings,

5, his children, inheritance

6. his cronies

7 ....

tanwahtiu said:

Time for PAP to disclose who are the billionaires in his PAP.

1. first on the list is his mother Gecko,

2. 2nd his father,

3. himself

4. his siblings,

5, his children, inheritance

6. his cronies

7 ....

Click to expand...

Their billions cannot see light. Must hide here hide there. Gecko is one good example. Estate duty abolished because she was too rich to be not corrupt. As for bastard LKY, no one knows where he hides his billions.