Singapore’s High Concentration Of Millionaires
Understanding The One In Six Figure: Recent global wealth reports have estimated that about one in six adult residents of Singapore holds net assets worth at least one million U.S. dollars. Net worth includes cash, investments, and property, minus debt. This figure places Singapore among the countries with the highest concentration of millionaires in the world. It does not mean that everyone lives lavishly, but it shows how wealth is distributed in this city-state.