19 Mar '17, 5am

@WhatTheFFacts Back here, one in six of us is a millionaire. Unfortunately, I'm not one of them.

Lately, I have personally observed an increase in the number of luxury cars zipping along the roads of Singapore. I am not referring to the Mercedes’ and BMWs, which are already a pretty common sight, but the high-end cars, such as Lamborghinis, Ferraris, Bentleys and the likes. Some of these cars cost as much, if not more, than houses in Singapore. This got me pondering, are Singaporeans really that rich? Out of curiosity, I started researching on the number of millionaires in Singapore, and discovered that for a country with a population of over 5.5 million , Singapore is home to over 142,000 millionaires and 28 billionaires . According to ST Property , that makes a whopping one in six Singaporeans a millionaire, which is defined as anyone who has an “investable asset of US$1 million (S$1.26 million) or more”. As a general observer, I was under the perception that the we...

Full article: http://www.nlb.gov.sg/sure/insights-into-the-lives-of-wea...

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