Property
Singapore Millionaires Growth Slows and Mass Market Wealth Effect
By Doctor Wealth  •  June 30, 2014

As I watched Non Stop, starring Liam Neeson, a funny thought crossed my mind. With QE1, 2 and 3, even ransoms are getting higher. In the film, the ransom demanded was US 150 mio, a leap and mile away from the usual 5 – 10 mio ransom the older movies commanded and upon googling the Mel Gibson movie, Ransom, the ransom was only US 2 mio back in 1996.

 

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Times change and times are still changing for us.
The Singapore Straits Times ran an article on the increase in number of millionaires for 2013 which showed a healthy 5% increase, according to the World Wealth Report published by Capegemini and RBC (Royal Bank of Canada).

By millionaire, the definition is simply people with investible assets of US 1 million or more.

What was not mentioned is that the global growth rate for millionaires is 15%, mainly led by Japan ...

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By Doctor Wealth
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