By Frank Kamuntu
Ever curious about where the world’s wealthiest individuals settle down? The world’s best city for business, home to 244,000 millionaires and 30 billionaires, is not Dubai, Mumbai, Delhi, Paris, London, Beijing, or New York it’s…
This is world’s best city for business, home to 244000 millionaires, 30 billionaires, not Dubai, Mumbai, Delhi, Paris, London, Beijing, New York, name is…
According to the 2024 World’s Wealthiest Cities report by Henley & Partners, Singapore has emerged as a top destination for the ultra-rich, ranking as the fourth wealthiest city globally. The city-state is now home to 244,800 millionaires, 336 centi-millionaires, and 30 billionaires.
“City-state Singapore has climbed two places to 4th on the global ranking following an impressive 64% increase in millionaires over the past 10 years and looks set to unseat Tokyo as Asia’s wealthiest city very soon. Widely regarded as the most business-friendly city on earth, Singapore is also one of the world’s top destinations for migrating millionaires approximately 3,400 HNWIs moved there in 2023 alone and the city now boasts 244,800 resident millionaires, 336 centi-millionaires, and 30 billionaires,” reads the press release.
As per Forbes, some of the wealthiest billionaires residing in Singapore include Eduardo Luiz Saverin, co-founder of Facebook; brothers Robert and Philip Ng, controlling shareholders of Far East Organization; and Li Xiting, co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics.
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