Singapore has the highest density of rich people
September 14, 2008 – 1:12 pmWhich place has the highest density of rich people? The answer seems to be Singapore at the moment. According to a report(pdf, right-click and save) of the Boston Consulting Group some interesting developements can be observed
People with $US 100,000 in their account
The number of people who have $US 100,000 (one hundred thousand) or less in their bank accounts or in form of stocks is pretty much stable. However taking into account that there is something like inflation this money is not worth as much as it has been a while ago. 82% of the world population belong to this group.
On the opposite end are the other 18% of the world population who have $US 100 000 or more. However this group has 88% of all the money. The gap between the rich and the poor becomes continuously bigger.
Where are all those rich people
While the total number of millionaires or rich people in general is increasing in Europe and the USA, China and India also show significant increases. However the highest density of rich people can be found in Singapore. I always thought Hong Kong was the home of the rich. Maybe I should reconsider that and move to Singapore. At least people in Singapore can speak good English and Chinese.
The Singapore skyline in the evening. Playground of the rich
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9 Responses to “Singapore has the highest density of rich people”
Well if you just want to live where all the rich people are u can also come to Switzerland, then you don’t need to learn Chinese…
Even if it’s only got the 2nd highest Millionaire density at the moment, it’s the country where the average citizen owns most…
But it’s up to you if you wanna become a Millionaire – and to your skills.
As a computer scientist, ur chances are the highest in places where computerindustry is, such as California or in Asia India – and in China for instance Chengdu.
If I were you, I’d ask Google for a Job – you know German, Chinese and English, therefore u’re gonna be very suitable for them!
By Aremonus on Sep 14, 2008
Indeed, Switzerland is also a nice place. So is Chengdu. Yes, I do want become millionaire before I’m 40. So I still have some years to accomplish that
I will apply for the jobs I like and that fit my skillset. At the moment I’m quite happy that I know something about computers. I can see a good number of job offers for computer guys
As I said, any place that fits me and has to offer something for me is welcome 
By Hendrik on Sep 15, 2008
Well, then just invest for about one third of your income – if you earn € 6000.- per month, invest € 2000.- every month. You should get a performance between 5% and 8% p.a., thus u’ll be a $-millionaire within 14 – 18 years^^
That’s the easiest way to become millionair – all others have got a higher risk to fail – and once again, ur Chinese language skill could be useful when investing…
By Aremonus on Sep 15, 2008
A performance of 5% per year is easily possible without taking any risk at all. If You are adventurous You might even buy some shares and get something like 10% to 20% per year. That’s good and easy money (hopefully).
Looking forward to be a millionaire soon
By Hendrik on Sep 21, 2008
Well, better don’t buy any shares if u don’t know what you do – stock markets are quite complicated and if u just invest planless, u won’t get more than the usual 5% in the average anyway (most people even lose).
But why not give a loan to some Chinese so that they can open their teahouse or bar or restaurant? You could get quite a performance and the risk is easy to be under controll as u get to know these people before giving them the money…
You might even open some urself and employ some managers!
By Aremonus on Sep 22, 2008
This is more difficult than it sounds. If I invest in a Chinese teahouse I should rather be physically present, but I’m still young. During the next years I will move a lot to different places and countries. Such kind of investment would be better when I’m older.
Stocks, on the opposite, work where ever I am. In China, in good old Europe or in the icy Antarctica.
By Hendrik on Sep 23, 2008
You don’t need to be there as long as you’ve got a good manager – you bring in the money, he or she will get 10% of the profit plus a steady salary, or something like that. Right, the manager is probably going to take more than the granted 10% only – but when he knows that you expect a certain amount of profit per year he’s not going to do such things in order to make you happy and keep his job^^
Stocks work the same – shareholders employ a directorate that is going to take care of the company – and that will be rewarded according to their success.
By Aremonus on Sep 23, 2008
The reason Singapore has the highest density of Rich is simple. The Ruling People Action Party Government pays themselves Millions. They pay all their Cronies Millions. Those former civil servants or PAP lackey who leaves the government are given cushy jobs in Singapore Government Linked Companies and also paid Millions.
So don’t be misled. It is simply self-serving, money-hungry technocrats helping themselves to the peoples money.
Singapore’s does not have many entrepreneur that create their own wealth (from nothing).
By Millionair Ministers and Civil Servants on Sep 15, 2009
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