Benchmark
Singapore to Trump Hong Kong in Millionaire Growth
One in 30 Singaporeans to be Millionaires by 2020
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Singapore will outpace Hong Kong in growth in the ranks of millionaires over the next five years, with about one in 30 people qualifying as high net worth by 2020, swelled by Indians and Chinese keen to avoid social unrest, according to WealthInsight.
Millionaires, or high net worth individuals, will increase 18.3 percent in Singapore over the period compared to 15.6 percent in Hong Kong, a WealthInsight report showed.