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View Full Version : Excuse me, are you a millionaire?


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23-07-2014, 11:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

1 in 50 Singaporeans a millionaire
http://sbr.com.sg/economy/in-focus/m...ns-millionaire (http://sbr.com.sg/economy/in-focus/money-slap-1-in-50-singaporeans-millionaire)

A research conducted by SPEARS’s magazine and wealth consultancy company WealthInsight reveals that Singapore is the Asian country with the highest percentage of millionaires, with over one in every 50 (2.8%) in the city classed as a millionaire. Ranked eighth in the world, Singapore is ahead of other wealthy global cities such as Hong Kong, Paris, Venice, Toronto and San Francisco in terms of millionaire density.



Definition
HNWI - A high-net-worth individual (HNWI) is a person with a high net worth. In the western, and primarily American, private banking business, these individuals typically are defined as having investable finance (financial assets not including primary residence) in excess of US$1 million


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