Oct 9, 2010
S'poreans 4th richest
Average wealth per adult is $336,000 - ahead of the US, Britain: Report
SINGAPOREANS are the fourth richest people in the world in terms of personal wealth and second richest in Asia-Pacific, according to a Credit Suisse report.
The average wealth per adult here has grown from US$105,000 in 2000 to US$255,488 (S$336,000) this year.
That puts it behind Switzerland (US$372,692), Norway (US$326,530) and Australia (US$320,909), but ahead of major developed economies like France, the United States and Britain in the Swiss bank's inaugural Global Wealth Report, out yesterday.
There are over 1,000 billionaires globally, of whom 245 are in Asia-Pacific.
China stands out as the third-largest 'wealth generator' in the world, with total household wealth of US$16.5trillion, behind only the US (US$54.6trillion) and Japan (US$21trillion).
Wealth is calculated as the value of financial assets like stocks and bonds plus non-financial assets - principally housing - less an individual's debts.
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