Well, if you are living in Singapore, you should be.
According to the Credit Suisse Global Wealth Report 2021, published in June 2021, Singapore is the tenth richest country in the world, with an average wealth per adult of S$455,930 (US$333,112) as of end-2020.
This amount has grown more than threefold since 2000 as the average wealth per adult in Singapore then was just $158,141 (US$114,720).
However, the median wealth per adult of S$118,754 (US$86,764) puts Singapore in the twentieth richest country in the world.
In an absolute sense, people in Singapore are richer than the majority of the other countries in the world.
But, there’s more to this than meets the eye.
Here is what you need to know!
TL;DR: How Wealthy Are Singaporeans