Number of millionaires grew globally in 2023, with more than 333,000 in Singapore: UBS report

Quick Summary:

The Republic had about 0.6 per cent of the world's millionaires.

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.

In comparison, global household wealth grew 4.2 per cent in 2023, following a 3 per cent contraction in the previous year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongIndiaJapanSwitzerlandUnited States

Topics: Total 2023 Millionaires Cent Wealth World’s Million Singapore Debt Global Number

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 23:04:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 850 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21566458

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Main Topics: EconomyBusiness

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