13-3-2024 (KUALA LUMPUR) Malaysia has solidified its position among the global elite, securing the 29th spot in the esteemed ranking of countries with the highest concentration of ultra-high-net-worth individuals (UHNWI). This achievement, reported by Seasia Stats, underscores Malaysia’s burgeoning wealth and highlights its allure as a destination for the world’s most affluent.
With a substantial UHNWI population of 754, Malaysia has emerged as a prominent player in the Southeast Asian region, joining only four other nations from the region in the prestigious Top 30 ranking. Singapore, the undisputed leader in the region, claims the 17th position globally, boasting an impressive count of 4,783 UHNWI.
Trailing Singapore are Indonesia at the 24th spot with 1,479 UHNWI, Thailand at 26th with 889, and Vietnam rounding out the regional representation at 30th with 752 UHNWI. This elite group of nations highlights the region’s growing economic influence and its ability to attract and nurture wealth on a global scale.
On the global front, the United States reigns supreme, asserting its economic dominance with a staggering 225,077 UHNWI. China follows closely in second place with 98,551, while Germany secures the third position with 29,021 UHNWI, showcasing the strength of these economic powerhouses.
According to the Knight Frank Wealth Report 2024, Singapore’s success in drawing emerging wealth from neighboring countries, including Indonesia, Thailand, Malaysia, and Vietnam, is a testament to its strategic positioning as a regional hub. Concurrently, Hong Kong maintains its position as the primary gateway for wealth generated in mainland China.
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