![](https://i.imgur.com/CLvY2jA.png")
23-04-2023, 02:19 PM
Michael Petraeus
April 21, 2023
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There are currently 240,100 millionaires living in the city-state
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The ranking does not cover millionaire real estate holders, though, in case you were wondering if appreciating HDB flats could artificially inflate the number of those considered wealthy.
Instead, it only features people with liquid, investable assets of US$1 million or more. This means that close to six per cent of local population, or one in every 17 residents (about 4.1 million people) is now an investment millionaire.
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They are the ones paying most in taxes — if not for their income, then at least consumption. They also contribute billions each year through COE bidding, the rates of which have been breaking records every few months.
https://vulcanpost.com/824374/1-in-17-si...llionaire/
April 21, 2023
......
There are currently 240,100 millionaires living in the city-state
......
The ranking does not cover millionaire real estate holders, though, in case you were wondering if appreciating HDB flats could artificially inflate the number of those considered wealthy.
Instead, it only features people with liquid, investable assets of US$1 million or more. This means that close to six per cent of local population, or one in every 17 residents (about 4.1 million people) is now an investment millionaire.
......
They are the ones paying most in taxes — if not for their income, then at least consumption. They also contribute billions each year through COE bidding, the rates of which have been breaking records every few months.
https://vulcanpost.com/824374/1-in-17-si...llionaire/
