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Fewer ultra rich people in Singapore in 2015, but long term wealth growth intact

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The number of ultra rich individuals in Singapore dropped last year when global wealth was eroded by economic slowdown, according to the Wealth Report by Knight Frank.

[SINGAPORE] The number of ultra rich individuals in Singapore dropped last year when global wealth was eroded by economic slowdown, according to the Wealth Report by Knight Frank.

There were 2,360 ultra high net worth individuals - those with US$30 million in assets or more - in Singapore last year, down 8 per cent from 2014, the property consultancy firm found in a survey that polled around 400 private bankers, including 30 here.

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