The number of millionaires in Singapore grew by 4.5 percent from last year to about 105,000, lagging the global growth rate of 15 percent amid a tapering in the city-state’s home prices.
According to the annual World Wealth Report released by Capgemini and RBC Wealth Management on June 19, improving economic and equity market performance helped add 1.76 million to the 2013 list of global high net worth individuals, while their investable wealth grew by nearly 14 percent to reach a record high of 52.62 trillion USD.
The US, Japan, Germany and China are the wealthiest with some 60 percent of millionaires around the world.
Asia-Pacific and North America are neck-and-neck when it comes to adding more wealthy people with Asia-Pacific's high net worth individuals growing 17 percent to reach 4.32 million compared to North America's 16 percent.
Looking ahead, the global HNWI wealth is forecast to reach a new high of 64.3 trillion USD by 2016, representing a 22 percent growth from the 2013 level, Capgemini and RBC said.
VNA
