While China will see a net loss of 13,500 such individuals this year, India is expected to lose 6,500 HNWIs in 2023, with Dubai and Singapore among their chief chosen destinations
SINGAPORE: The flow of wealth into Singapore will likely continue as the country enjoys its reputation as afor the ultra-rich to park their assets. And while many high net worth individuals come from China, a significant number hail from India.Theputs the UK and Russia in third and fourth places, with expected losses of 3,200 and 3,000 HNWIs, respectively, for this year.
An HNWI has investable assets over US$1 million, and an ultra-high net worth individual has investable assets over US$30 million.
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