Pursuits
Singapore Leads Wealth Recovery, Becomes ‘Monaco of the East’
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Singapore and Malaysia led a recovery of global wealth to pre-crisis levels as the number of millionaires grew by about 14 percent last year, the Boston Consulting Group said.
The number of millionaire households increased to 11.2 million, according to the annual study released yesterday by the Boston-based firm. In 2008, the number of millionaire households fell about 14 percent to 9.8 million.