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Spore has the highest number of millionaires

U

Undertakezzz

Guest
September 5, 2008, 9:00 am

The U.S. may have the largest number of millionaires, but tiny Singapore rules the world when it comes to the highest concentration.


According to Boston Consulting Group’s latest Global Wealth report, an astounding one in 10 households in Singapore have investible assets of $1 million or more. That compares with 4.3% in the U.S., which ranks sixth.

Singapore, of course, is very small–it has about a million households. And its 112,000 millionaires are dwarfed by the 4,884,000 millionaires in the U.S., according to Boston Consulting’s calculations.

Of course, wealth surveys, by nature, are imprecise, given the small sample sizes, the agendas of the surveyors and the difficulty of polling the rich. Still, they can offer insights into broader trends and directional changes with the wealthy.

If you want to know where to go to have the highest chance of bumping into a millionaire, here are the top five:

1 — Singapore — 10.6%

2 — Qatar — 7.9%

3 — Switzerland — 7.3%

4 — United Arab Emirates — 6.6%

5 — Kuwait — 5.3%

Interestingly, the chances of running into a millionaire are almost twice as high in the U.S. than in Saudi Arabia, which has a millionaire density of 2.2%.

As for cities with the largest number of millionaires, the report found that nine of the top 15 are in the U.S., with New York topping the list, followed by London, Tokyo, Los Angeles and Chicago.
 

Trout

Alfrescian
Loyal
According to Boston Consulting Group’s latest Global Wealth report, an astounding one in 10 households in Singapore have investible assets of $1 million or more.

Define investable assets? I know there's lots of 'stranded marginal millionaires' in sg actually...because of current high property prices.
 

BlueCat

Alfrescian
Loyal
by percentage and not by actual numbers.
cos SGP has a small poplulation.
cos if go by the actual numbers,China should be somewhere in the top 3.
 

madmansg

Alfrescian
Loyal
this is because sg govt lie and put PR and citizens and even FT together.. cheats as they dont want the rest of the world how exploited NS slaves suffer with NO PAY for 2 years.
 

eeoror88

Alfrescian
Loyal
this is because sg govt lie and put PR and citizens and even FT together.. cheats as they dont want the rest of the world how exploited NS slaves suffer with NO PAY for 2 years.


I thought they fed you with cooked house food whilst you were at the detention barrack ??
 

jw5

Moderator
Moderator
Loyal
10% of the population?!
so 1 in 10 sinkies are millionaires? hard to believe
It's not hard to believe that 1 in 10 have at least a 7 figure net worth.
Problem is that most of the rest probably have a 4 figure or less net worth.
 

tonychat

Alfrescian (InfP)
Generous Asset
Oh pls... Millionaire depends on what... Sell drugs and be a money laundering center can also be a millionaire. US is diff, money earn through advance technology and creativity.
 

Flintstome

Alfrescian
Loyal
10% of the population?!
so 1 in 10 sinkies are millionaires? hard to believe

This kind of statistics should look at per capita rather than percentage.

Percentage is deceptive when we talk about population nucleus or demorgraphic becos different countries have different percentage of children and people not actual numbers who are economically not active. :smile:

PS : Sinkapor produce one millionaire every two or three weeks thru TOTO. :biggrin:
 

chinchai

Alfrescian
Loyal
If the ministers and civil servants are required to declare their assets including overseas assets, Singapore will have the highest number of billionaire :biggrin:
 
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