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33% Increase in the Number of Millionaires in Singapore

posted Oct 21, 2012, 9:08 PM by Fide Consultant Group   [ updated Oct 21, 2012, 9:36 PM ]
Singapore is often referred to as one of Asia's economic "tigers". Its economy is driven by electronics manufacturing 
and financial services and has weathered regional crises, including the 1997 Asian markets slump, the 2003 Sars virus 
outbreak and the 2009 world banking crisis.

The number of millionaire households in Singapore jumped 33 percent from 2009 to 2011, the largest increase in the world, 
according to a 2011 study by the Boston Consulting Group. The study also found that more than 15 percent of Singapore
households were headed by millionaires, the highest concentration in the world.