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With 249,800 millionaires, Singapore is the fifth wealthiest metropolis on the earth for 2022, in response to funding migration consultancy Henley & Companions.
Extra centi-millionaires and billionaires than the second wealthiest metropolis on the earth
This determine consists of 336 centi-millionaires (millionaires with a wealth of greater than US$100 million) and 26 billionaires.
This additionally makes Singapore the second-largest “millionaire oasis” in Asia, after Tokyo, which has 304,900 millionaires and is the second wealthiest metropolis worldwide for 2022.
Nonetheless, the Japanese metropolis solely has 263 centi-millionaires and 12 billionaires, as compared.
In the meantime, the richest metropolis on the earth for 2022, New York Metropolis, has 345,600 millionaires, together with 737 centi-millionaires and 59 billionaires.
Henley & Companions additional famous that Singapore is “extensively regarded” as essentially the most business-friendly metropolis worldwide and is among the “prime locations” for migrating millionaires.
Singapore anticipated to obtain round 2,800 Excessive Web Price People for 2022
As well as, Singapore is projected to obtain a web influx of about 2,800 Excessive Web Price (HNW) People for 2022.
This makes it the nation with the third-highest projected inflow of HNW people, behind Australia with 3,500 and the United Arab Emirates (UAE) with 4,000.
Henley & Companions additional identified that the migration of HNW people is an “vital” gauge of financial well being.
The consultancy added, “As an example, international locations that appeal to high-net-worth people are usually sturdy, with low crime charges, aggressive tax charges, and glorious enterprise alternatives.”
Mothership has reached out to the Ministry of Manpower and the Nationwide Inhabitants and Expertise Division below the Prime Minister’s Workplace for extra info on the matter.
Why are HNW people shifting to Singapore?
High photograph by jiachenlin/Unsplash
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