The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.There were 154,189 high-net worth individuals (HNWIs) in Singapore in 2014 holding $806.3bn (£530.5bn, €756.1bn) in wealth, according to a report from WealthInsight. This compares with 193,553 HNWIs in Hong Kong, collectively holding $1.1trn in wealth.
[Source: International Adviser – November 17, 2015 – Kirsten Hastings]
