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Number of Singapore billionaires falls to 39
Add BT as a preferred sourceNg Ren Jye
Published Mon, May 13, 2019 · 09:50 PM
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Singapore
SINGAPORE'S billionaire population declined 11.4 per cent to 39 in 2018 from 44 in 2017, largely driven by negative equity market performance, according to research firm Wealth-X's Billionaire Census 2019.
Singapore's ultra rich shed 8.8 per cent of their wealth even as the city-state kept its 15th position in the country rankings for the most number of billionaires. Singapore billionaires' combined wealth stood at US$84 billion in 2018.
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