Hong Kong has more Millionaires than ever before but loses out to rival Singapore on Average Wealth. Millionaires by Country, Region, and Women.
1. Title: Hong Kong has more millionaires than ever before but loses out to rival Singapore on average wealth.
2. Review:
An excellent article on the Wealth Distribution and Millionaires by Country, Region, and Women.
The number of millionaires in Hong Kong rose 9% this year but average individual wealth of US$244,672 is 14% less than in Singapore.
The number of Hongkongers worth more than US$1 million stood at 179,000 by the middle of 2018, up 9% from a year ago. But there was little improvement in terms of the average worth of a Hongkonger, with the city remaining in 14th place globally.
Mainland China ranked second in terms of total wealth, estimated at US$52 trillion, behind the United States on US$98 trillion. But the average mainlander has US$47,810 of wealth, the 39th highest worldwide. China is the world’s most populous country with more than 1.3 billion people.
Switzerland (US$530, 240), Australia (US$411,060) and the US (US$403,970) were the top three in terms of per-capita wealth as of mid-2018.
Hong Kong has total wealth at US$1.5 trillion, up 5.8% from a year earlier.
Even in light of the stock market downturn – the benchmark Hang Seng Index is down more than 10% this year.
The study found Hong Kong has 1,907 “ultra-rich” people worth more US$50 million, putting it in 15th place globally.
China, Japan, Australia, Korea and Taiwan are home to about 8.8 million millionaires, over 20% of the global total.
Women now account for an estimated 40% of total global wealth. Germany has the largest female proportion of billionaires (26%), followed by Sweden (25%), Switzerland (23.8%), and Australia and India (both 18.6%), the Credit Suisse report said.
3. Rating: #RobertChaenReview (Wealth, Hong Kong): 7 | 10
#HongKongWealth
#MillionairesByCountry
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Published: 16th October 2018.
Copyright 2018 ©
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About Robert Chaen
Biodata of Robert Chaen
Founder of Robren Mega EMall, Robren Services, ChangeU, CEO-Celebrity Whisperer, Asia’s #1 Change Expert, and the Father of Asian FireWalking
Robert Chaen is an International Keynote Speaker, writer, researcher, and change expert. He is famously known as the "CEO-Celebrity Whisperer”. Through 1-on-1 coaching, CEOs & celebrities whisper their issues and secrets to Robert, and Robert whispers back the best success secrets about business strategies, change tools, office politics & staff issues, and personal branding.
He has transformed CEOs and managers in Coca-Cola China, TVB Hong Kong, Cathay Pacific, Hong Kong Airport Services, VADS, TM, Public Bank, , 300+ MSC CEOs in S.E. Asia's Silicon Valley, etc.
He is the EKing of EMalls, the Founder of Robren Mega EMall, the World’s First Parallel Universe EMall Chian, with 100 City Mega EMalls opening in 2021-2023 (fb.com/MegaEMalls).
He is widely considered as one of the top International Platform Keynote Speakers for Resorts World Genting Senior Management Conference (Manila), 7-Eleven HK, Samsung, Coca-Cola China Mini-MBA @Tsing Hua University, Cathay Pacific, Hong Kong Jockey Club. He has interviewed PM Tun Dr Mahathir, Datuk Kamarudin (Chairman of AirAsia), Siti Nurhaliza, and other CEOs, Entrepreneurs and Influencers.
He has been widely featured in TVB, AWSJ, CNBC, SCMP, The Star, and Sin Chew. As “The Father of Asian FireWalking”, he coached TVB celebrities (Ekin Cheng Yee-Kin) to walk on 650°C fire; and raised HK$68M in the world’s 1st and only live TV Charity FireWalk (TVB Tung Wah Charity Show). If Robert can coach you to walk on 650⁰C fire, he can inspire you to be the best.
Originally based in Hong Kong for 20+ years, he had worked with top Branding/Ad agencies at J Walter Thompson and Leo Burnett, and was a certified FranklinCovey (7 Habits) in USA, and NLP MasterCoach (USA). His warmth is known to soften the most hardened, resistant skeptics.
Due to an ongoing paranormal encounter of the Angelic kind, he has been an Angel Whisperer 25 minutes before his late wife Brenda José crossed over on 23rd December 2013. Since then she has been sending him countless afterlife signs and he has written many articles and an EBook on his whisperings about The Afterlife and beyond from Angel Brenda.
Updated: 2nd August 2020.
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