The number of ultra-wealthy individuals continued to increase in Singapore despite the impact of the pandemic, making it the Asian country with the second highest rate of growth in 2020. According to Knight Frank’s 2021 Wealth Report, the population of ultra-high-net-worth individuals (UHNWIs) in Asia Pacific region is forecast to increase by 33% in the next five years, which is significantly higher than the global average of 27%.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe