SINGAPORE: The ranks of Singapore’s ultra-wealthy are set to grow by more than 1,700 over the next decade – the strongest growth among 108 cities in a new global survey.
In the survey, an ultra-wealthy person is defined as having a net worth of US$30 million (S$37.5 million), not counting their main home.
The Knight Frank Wealth Report 2015 predicts a 54.3 per cent jump in the number of these ultra cashed-up types from 3,227 last year to 4,979 in 2024.
The report uses the term “ultra high net worth individual”.
