Malaysia's 26,000 millionaires held US$151b last year
WealthInsight notes that the country has about the same number of well-off people as Indonesia, the population of which is 8 1/2 times bigger
Kuala Lumpur
MALAYSIA has more than 26,000 millionaires, who held US$151 billion in combined wealth last year.
However, about three-quarters of these riches is parked overseas, some 54 per cent of the total invested in the Asia-Pacific, followed by South America (11.4 per cent) and Africa (9.5 per cent).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations