Ultra Wealthy People Rose by 3,732 With The Least US$30 M in 2020 Despite Pandemic
The number of ultra wealthy people here rose by 345 to 3,732 in 2020, a 10.2 per cent increase, The Wealth Report 2021 put out by Knight Frank said. These figures refer to the UHNWIs’ population living within each country. The UHNWIs have at least US$30 million (S$39.9 million), including their primary residence.
The 2021 edition of the Wealth Report looked has rise from the 2019 to 2020 period and Singapore is ranked third among the top 10 countries with the fastest growing UHNWI populations. However, there are still other country having some good year too which are
- China produced the most UHNWIs with 9,594 UHNWIs minted. Its total UHNWIs is 79,426.
- The U.S. had 6,080 more UHNWIs, bringing its total to 180,060 — the most in the world.
- Japan had 1,199 more UHNWIs, as its ultra wealthy population ballooned to 14,755.
Singapore continues to attract new wealthy individuals due to its stability amid the geopolitical tensions of tension. In Singapore, the ranks of the ultra-wealthy will go up by 31 per cent between 2020 and 2025 to 4,888.