The Republic had about 0.6 per cent of the world's millionaires in 2023.
SINGAPORE – The proportion of millionaires – those with a net worth of US$1 million and above – tripled to 1.5 per cent of the world’s population in 2023, from 0.5 per cent in the year 2000.
The study found that the United States had the largest number of millionaires at nearly 22 million, making up 38 per cent of the world’s millionaires. Singapore’s millionaires had a combined net worth – the difference between their total assets and their total liabilities – of US$1.2 trillion in 2023.
The median wealth per Singapore adult – this takes the middle number in the whole database – was lower, at US$104,959.
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