This city-state has become the ideal accommodation for magnates and entrepreneurs, who found here a strategic place for business.
There is a destination that became The favorite of the millionaires. According to a report on the richest cities in the world 2024, published by Henley & Partners, Singapore is the richest city on the planetsurpassing London.
But that is not all, but also houses the largest number of millionaires in the world; in total 244,800 millionaires, 336 centimillonarios and 30 billionaires live. In addition, only in 2023 around 3,400 people with high heritage moved to the city-state, and in the 2013-2023 period this group increased its population by 64%.
Singapore continues to be the most expensive city in the world.
Singapore continues to be the most expensive city in the world.
Advantages of living in Singapore
The advantages attributed to Singapore as the rich place are several. Among them stand out:
- Favorable fiscal policies: It has one of the lowest corporate taxes in the world and without taxes on capital gains or inheritances.
- Strategic location: It is located in the center of Asia, which facilitates businesses with emerging and developed markets.
- Impeccable infrastructure: It has a state -of -the -art airport, high -speed Internet and a transport system that works perfectly.
- Security and quality of life: It is one of the safest cities on the planet, with very low crime rates, in addition to first level education and health care.
Some millionaires living in Singapore
Among the millionaires living in Singapore are; Eduardo SaverinFacebook co -founder; Robert and Philip Ngleaders of FAR EAST Organization, one of the largest private real estate companies in the city; Li xitingco-founder and president of Shenzhen Mindray Bio-Medical Electronics, one of the largest medical devices suppliers in the world.
Source: Ambito
