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Singapore in top 10 in terms of average wealth per adult

The number of millionaires in Singapore rose 2.7 per cent to 152,000, owning total wealth of US$570 billion, an increase of 8 per cent. The number of ultra high net worth individuals here - defined as those with assets of at least US$50 million - grew at a faster rate of 15.3 per cent to 981.


WEALTH in Singapore has grown relatively slowly in local currency terms since 2012, but the average wealth per adult here remains high, putting it at ninth spot globally.

In terms of average wealth globally as at mid-2017, the top spot is taken by Switzerland with US$537,...