The number of ultra-wealthy people in Singapore is expected to grow 17.7 per cent to around 5,300 between 2022 and 2027, according to a report put out by real estate consultancy Knight Frank. According to the consultancy's latest edition of The Wealth Report, the number of ultra-high-net-worth individuals (UHNWI) in Singapore rose 6.9 per cent to 4,498 in 2022, up...
The number of ultra-wealthy people in Singapore expanded by 6.8 per cent to 4,498 in 2022, up from 4,206 the previous year.The number of ultra-wealthy people in Singapore is expected to grow 17.7 per cent to around 5,300 between 2022 and 2027, according to a report put out by real estate consultancy Knight Frank.
Leonard Tay, Knight Frank Singapore's head of research, attributed the drop in the global number of ultra-wealthy individuals to the weak performing equities and bond markets. Other Asian countries that ranked among the top 10 were Malaysia, which came in sixth place with a 9.4 per cent growth rate, and Indonesia, in seventh place with a nine per cent growth rate.
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