30 Sep '11, 7am

Singaporeans are Asia's 2nd-richest. Their gross financial assets are almost 12x higher than Asian avg [AsiaOne]

Singaporeans are Asia's 2nd-richest. Their gross financial assets are almost 12x higher than Asian avg [AsiaOne]

Another report has come out to say that Singaporeans are among the wealthiest people around. In fact, they are the second-richest in Asia after Japan. According to the Allianz 2011 global wealth report, Singaporeans average gross financial assets per capita of US$126,982 (S$162,981), almost 12 times more than the US$10,955 Asian average. "Singapore has the second-wealthiest inhabitants among the nine Asian countries surveyed, following Japan which has financial assets per capita of US$159,027," the report said yesterday. In its calculations, Allianz said, gross financial assets include the investible financial assets of private households such as deposits and shares, and the total member's balance given by the Central Provident Fund. It also used a population of 4.84 million. Gross global financial assets rose in 2010 by 6.2 per cent to total US$135.8 trillion and were wel...

Full article: http://www.plushasia.com/article/14608

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