Number of millionaires in Singapore expected to rise 61.9% by 2025: Credit Suisse report
THE number of millionaires in Singapore is expected to jump by 61.9 per cent by 2025 to about 437,000, from the current 270,000 millionaires, according to a global wealth report by Credit Suisse.
Singapore ranked 11th globally in terms of millionaire density, with about 1,361 ultra-high-net-worth adults with net worth exceeding US$50 million in 2020.
Even in the midst of a pandemic, total wealth in Singapore grew to US$1.6 trillion last year, up from US$1.5 trillion in 2019.
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