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Where the World's Millionaires Live

By Nikhil Hutheesing - 2013-05-30T16:00:09Z

Photograph by Sam Kang Li/Bloomberg

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5. Singapore    

Population: 5.46 million
Percentage of millionaire households: 8.2%

The small city-state of Singapore counted 98,000 millionaire households in 2012, a significant number for a country with a population of just over 5 million. Singapore, perhaps not too differently from the U.S., may be a little obsessed with millionaires; at Changi airport, the “Be a Changi Millionaire” promotion has taken place every year since 2010. Go there to shop and you may win a prize of S$1 million (about $791,000). Much of the wealth generated in Singapore comes from the country's role as one of the largest centers for offshore banking and its growing prominence as a high-tech hub.

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