Singapore sees highest jump in number of millionaires last year

Singapore sees highest jump in number of millionaires last year: "ingapore sees highest jump in number of millionaires last year
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SINGAPORE : Singapore witnessed the highest jump in the number of high net worth individuals globally last year.

That is according to the latest Capgemini Merrill Lynch World Wealth Report.

The number grew by more than 22% in Singapore, far higher than the 8.2% increase in the Asia Pacific region.

At an industry forum Monday, analysts say 2004 is a year of consolidation and that high net worth individuals are now just beginning to venture out again."