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[h=2]S’pore not even in the top 20 of world’s wealthiest cities[/h]
August 18th, 2012 |
Author: Editorial
According to the Wealth Report 2012 published by Knight Frank and Citi Private Bank, Singapore might be the richest country in the world in 2010 in terms of per capita GDP (i.e, total output of a country divided by the population) calculated using the purchasing power parity (PPP), but we are certainly nowhere near the top 20 wealthiest cities in the world.
The report by Knight Frank and Citi Private Bank put Singapore at the top ['S’pore is now richest in the world (?)']:
However, according to a study by Brookings Institute in US [Link] published early this year, Singapore is outside of the top 20 wealthiest cities in the world:
Of the top 20 wealthiest cities, 13 are in North America, 6 are in Western Europe and 1 in Middle East.
Many of these wealthy cities have very large companies dominating the business landscape. For example, the city of Seattle itself is already home to three Fortune 500 companies: clothing merchant Nordstrom, Internet retailer Amazon.com and coffee chain Starbucks. The Seattle metropolitan area (Seattle–Tacoma–Bellevue) has an estimated population of only 3.5 million.
These cities are also less dense than Singapore, providing good work-life balance, in addition to being rich.
.
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According to the Wealth Report 2012 published by Knight Frank and Citi Private Bank, Singapore might be the richest country in the world in 2010 in terms of per capita GDP (i.e, total output of a country divided by the population) calculated using the purchasing power parity (PPP), but we are certainly nowhere near the top 20 wealthiest cities in the world.
The report by Knight Frank and Citi Private Bank put Singapore at the top ['S’pore is now richest in the world (?)']:

However, according to a study by Brookings Institute in US [Link] published early this year, Singapore is outside of the top 20 wealthiest cities in the world:

Of the top 20 wealthiest cities, 13 are in North America, 6 are in Western Europe and 1 in Middle East.
Many of these wealthy cities have very large companies dominating the business landscape. For example, the city of Seattle itself is already home to three Fortune 500 companies: clothing merchant Nordstrom, Internet retailer Amazon.com and coffee chain Starbucks. The Seattle metropolitan area (Seattle–Tacoma–Bellevue) has an estimated population of only 3.5 million.
These cities are also less dense than Singapore, providing good work-life balance, in addition to being rich.
.
Join our TRE facebook page here: http://www.facebook.com/TREmeritus
.