19 Oct '11, 7pm

Singapore Millionaires – Lots More by 2016

According to Credit Suisse’s Global Wealth Report, Singapore is ranked no.5 in the top 10 countries with the highest average wealth per adult in 2011. The figure amounts to USD$284,692 per adult. Australia is in 2nd place with USD$396,745. Switzerland is ranked 1st with average wealth of USD$540,010. Based on the data, it also seems that by 2016, around 408,000 Singaporeans will be millionaires. That is quite a significant number of millionaires in tiny Singapore. Most Singaporeans who read this are probably thinking: “How is possible that it is so easy for so many Singaporeans to be millionaires?” Well, the exact same thoughts are actually running through my head. Just doing a basic calculation of my annual pay package (inclusive of bonuses) and I figure that I need a minimum of 14-15 years just to make a million dollars. This is of course based on the assumption that … R...

Full article: http://thefinance.sg/2011/10/19/singapore-millionaires-lo...

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Millionaires in Singapore to grow from 183,000 to 408,000 by 2016

Millionaires in Singapore to grow from 183,000 ...

straitstimes.com 19 Oct '11, 9am

The number of millionaires in Singapore are expected to more than double by 2016, from the current 183,000 to 408,000. -- ...

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