according to credit suisse's latest global wealth report, the number of millionaires in singapore will swell from the current 183,000 to more than double to 408,000 by the year 2016, after subtracting debt.
and most of this increase has been attributed to savings rate and asset price increases, and not by exchange rate movements.
singaporeans also hold the distinction of being the second richest in the asia pacific region, and the fifth richest in the world with an average wealth of US$285,000 which represent an increase of 32.1% from US$215,000 in january 2010, just less than 2 years ago.
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