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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

Published Tue, Dec 9, 2014 · 09:50 PM

Malaysia

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).

WealthInsight, which gathers intelligence on high net worth individuals (HNWIs) and ultra high net worth individuals (UHNWIs), noted that more than half of Malaysia's super rich (13,800) live in Kuala Lumpur; another 3,311 are scattered in the K…

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