millionaires

SENSE & CENTS

Should philanthropists follow Gates’ lead in giving away their fortunes during their lifetimes?

Those who plan to leave their offspring financial legacies must inculcate good habits among their beneficiaries

Singapore is doubling as both a safe haven and strategic gateway for luxury brands targeting South-east Asia.

Singapore’s 240,000 millionaires spur spending on luxury brands

Decades of pro-wealth policies have drawn high-net-worth individuals and built a robust finance sector, making it one of the world’s richest countries

The US alone added 562,000 millionaires as enthusiasm for artificial intelligence and interest rate cuts drove huge advances in the US stock market.

Frothy tech returns helped mint 600,000 millionaires last year

The annual World Wealth Report from Capgemini shows the number of people with at least US$1 million in investable assets grew 2.6% in 2024, driven in large part by gains in American portfolios 

Dubai – and the rest of the United Arab Emirates – has become a strong magnet for private wealth and talent in recent years.

The world’s super rich are moving to Dubai, but keeping their assets in Singapore, Switzerland

Nevertheless, influx of wealth into the UAE city will likely support its growth as a booking centre

HSBC’s 2022 report on the rise of Asian wealth forecast the number of millionaires in Singapore rising to 700,000 by 2030.
WEALTH & INVESTING

The great Singapore wealth transfer

Singapore’s Millennials are set to be the wealthiest generation ever