Singapore comes in eighth on Spear’s recent list of cities with the highest percentage of millionaires, which it published for the first time.
According to the list, Singapore has a 2.8% millionaire density.
Individuals with “net assets of US$1 million or more, excluding their primary residences” were classified as a millionaire.
Topping the list are Monaco (29.21%), Zurich (27.34%), and Geneva (17.92%) respectively.
"Favourable tax and outstanding location are important criteria for attracting clusters of millionaires, but so too is ready access to wealth managers and private banks,” said WealthInsight analyst Oliver Williams.
Singapore comes in eighth on Spear’s recent list of cities with the highest percentage of millionaires, which it published for the first time.
According to the list, Singapore has a 2.8% millionaire density.
Individuals with “net assets of US$1 million or more, excluding their primary residences” were classified as a millionaire.
Topping the list are Monaco (29.21%), Zurich (27.34%), and Geneva (17.92%) respectively.
"Favourable tax and outstanding location are important criteria for attracting clusters of millionaires, but so too is ready access to wealth managers and private banks,” said WealthInsight analyst Oliver Williams.