Singapore will overtake Australia to be Asia’s millionaire capital by 2030, HSBC says. — Singapore will overtake Australia to have Asia’s highest share of millionaires in the adult population by 2030, according to a report by HSBC Holdings Plc.
Australia ranked highest in the region in 2021, while Singapore was second, according to HSBC, which did not say how the US compared for that year. The household wealth projections in the report used estimates and projections of adult population, per capita mean wealth, and nominal per capita gross domestic product, HSBC said.
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Singapore will have more millionaires per population as compared to US, China by 2030, says HSBCSINGAPORE - In the next eight years, the number of millionaires in Singapore as a share of its population will be more than that of the United States, China or any other economy in the Asia-Pacific region, said HSBC in a report. The Republic, where 7.5 per cent of the adult population had wealth of at least US$1 million (S$1.38...
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13% of S'pore population to become millionaires by 2030, highest proportion among Asia-Pacific economies: HSBC reportSINGAPORE — In eight years' time, more than 13 per cent of adults in Singapore will be worth more than US$1 million (S$1.38 million), a proportion higher than the United States, China and 12 other Asia-Pacific economies, said a HSBC report. Crypto millionaires issit ?🤣🤣🤣 why such a report? to encourage more scammers to target Singaporeans? Irresponsible! there are a lot of scammers trying to rob Singaporeans already. no need to draw unwanted attention with such irresponsible news report.
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