Thursday, July 19

How many millionaires are there actually in Singapore?

In the recently released World Wealth Report, the number of millionaires in Singapore has increased in number. Last year, some 67,000 Singaporeans had at least USD1 million worth of assets, an increase of 21% over the year before. Singapore's number of millionaires is the world's fastest growing, followed by India and Indonesia growing at 20.5% and 16% respectively.

(Lim Hong Eng/ Sin Chew Daily) reports:
Am I A Millionaire? Updated:2007-07-16 19:14:47 MYT
"To become a real millionaire, he must at least have a decent home, be dressed attractively, travel overseas and visit expensive restaurants frequently. Perhaps, he should also have a vacation home. Besides car, there is as well a small yacht. If he still has to constantly worry about insufficient money to lead his remaining life, then he is but a poor millionaire!"

But if someone takes the SGD1 million to a place where the standard of living is relatively lower, then he can really lead a millionaire's life. He can buy a mansion with only SGD200,000 and have maids serving him, and spend the rest of his SGD800,000 over the next 20 to 30 years. Then he can proudly claim to be a millionaire.

Alternatively, he can look for a comfortable home in the countryside or village, where there is mountain, water and sufficient food. He also doesn't have to worry about inadequate pension. He is a millionaire who can really enjoy himself!

At the end of the day, how many millionaires are there actually in Singapore? It seems that no one has the actual answer.

I would rather not have USD1 million, but can live really like a millionaire!

SINGAPORE ~ High living Standard, Low Quality of Life ?!?
Kiasu say: No I don't agree at all, Singkapor is a 'Fine' City ma!.

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