KUCHING: Singapore has been ranked among the top five wealthiest cities in 2022 with about 250,000 millionaires and 26 billionaires.
This was according to a recent report by investment migration consultancy Henley & Partners, which was written by Andrew Amoils, the head of research at wealth intelligence firm New World Wealth.
New York, Tokyo, San Francisco Bay area, and London took the first four spots, with 345,600, 304,900, 276,400, and 272,400 millionaires in the cities, respectively.
Meanwhile, Singapore, one of six Asian countries in the top 20 list, came next with 249,800 millionaires, 336 centi-millionaires, and 26 billionaires.
The figure also suggested that 4.6 percent of the country’s 5.45 million population is millionaires.
The report stated that Singapore is one of the top destinations for migrating millionaires and that it is often regarded as the world’s most business-friendly city.
Other than Japan and Singapore, Beijing, Shanghai, Hong Kong, and Seoul are the other Asian countries in the top spots.