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High Net Worth trends in Singapore 2013

Published By :


Published Date : Sep 2013

Category :

Wealth Management

No. of Pages : 76 Pages


This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Singapore.
The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country\'s HNWIs have performed through the crisis.


This report provides projections of the volume and wealth of Singapore HNWIs. This includes demographic trends (2008-2012) and findings of the proprietary Wealth Insight HNWI Database.


  • Independent market sizing of Singapore HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2008 to 2012
  • HNWI volume and wealth forecasts to 2017
  • HNWI and UHNWI asset allocations across 13 asset classes 
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2008-2012)
  • Insights into the drivers of HNWI wealth

Reasons To Buy

  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2017.

Key Highlights

  • There were just over 183,000 HNWIs in Singapore in 2012. These HNWIs collectively held US$857 billion in wealth, which equated to 85.7% of the total individual wealth held in the country. 
  • Singaporean HNWIs outperformed the global average during the review period worldwide HNWI volumes decreased by 0.3% while Singapore HNWI numbers increased almost by 100%.
  • In 2012, Singapore HNWI numbers rose by 21.7%, following an increase of 4.2% in 2011.
  • Growth in HNWI wealth and volumes are expected to improve over the forecast period. The total number of Singaporean HNWIs is forecast to grow by 59% to reach over 291,579 in 2017. HNWI wealth is projected to grow by 63% to reach US$1.39 trillion by 2017. 
Table of Content

1.1 Details of this Report
1.2 Definitions


3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Singapore Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Singapore
3.4 HNWI Volume and Wealth Trends

4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 Demographic breakdown of HNWI
4.1.4 HNWIs job titles
4.1.5 HNWIs industry breakdown
4.1.6 HNWIs industry performance
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs sector breakdown
4.3 UHNWIs Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaires wealth trend analysis
4.4.3 Centimillionaires per capita net worth trend analysis
4.5 UHNWIs Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis

5.1 Regulations on Taxes
5.2 Economic Indicators
5.2.1 LC to US$ exchange rate
5.2.2 Real GDP growth
5.2.3 Per capita GDP
5.2.4 Domestic market capitalization
5.2.5 Commodity index
5.2.6 Foreign direct investment
5.2.7 Inflation rate
5.2.8 Interest rate
5.2.9 Balance of payments
5.2.10 Government debt
5.2.11 Stock market performance
5.2.12 Wealth Breakdowns


List of Table

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Main Regions in Singapore
Table 3: Singaporean HNWIs Volume Distribution Wealth Pyramid, 2012
Table 4: Singaporean HNWIs Wealth Distribution Wealth Pyramid (Percentage share), 2012
Table 5: Singapore HNWI Sector Performance, 20082012
Table 6: Singapore UHNWI Gender Performance, 2008- 2012
Table 7: Singapore UHNWI Source of Wealth (Percentage), 2012
Table 8: Singapore Billionaires Market Overview (US$ Billions) 20082017
Table 9: Singapore Top-10 Billionaires (US$ Billions), 2012
Table 10: Singapore Billionaire Wealth Growth, 2008

List of Chart

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Singapore
Figure 3: Singapore: Asset Price Performance, 20082012
Figure 4: Singapore HNWI Performance, 20082017
Figure 5: Singaporean HNWIs vs the World
Figure 6: Singapore: HNWIs Growth Factor Correlation, 20072012
Figure 7: Singaporean HNWIs Volume Distribution Wealth Pyramid, 2012
Figure 8: Singaporean HNWIs Wealth Distribution Wealth Pyramid (Percentage Share), 2012
Figure 9: Singaporean HNWIs Age Distribution, 2012
Figure 10: Singaporean HNWIs Job Titles, 20082012
Figure 11: Singaporean HNWIs Distribution by Industry, 2012
Figure 12: Singaporean UHNWIs Wealth Share vs Volume Growth, 20082012
Figure 13: Singapore UHNWIs Volume by Wealth Band, 20082017
Figure 14: Singaporean UHNWIs Wealth by Wealth Band (US$ Billion), 20082017
Figure 15: Singapore UHNWIs Age Distribution (Percentage Share), 2012
Figure 16: Singapore UHNWIs Distribution by Industry, 2012
Figure 17: Singapore Billionaires Market Overview, 20082017
Figure 18: Singapore Centimillionaires Market Overview, 20082017
Figure 19: Singapore Affluent Millionaires Market Overview, 20082017
Figure 20: Singaporean Mid-Tier Millionaires Market Overview, 20082017
Figure 21: Singapore Lower-Tier Millionaires Market Overview, 20082017
Figure 22: SGD to US$ Exchange Rate, 20082017
Figure 23: Singapore Real GDP Growth (%), 20082017
Figure 24: Singapore GDP Per Capita, 20082017
Figure 25: Singapore Domestic Market Capitalization (US$ Billions) 20082012
Figure 26: Singapore Commodity Indices, 20082017
Figure 27: Singapore Foreign Direct Investments (US$ Billions) 20082017
Figure 28: Singapore Inflation Rate, 20082017
Figure 29: Singapore: Money Market Rate, 2008-2017
Figure 30: Singapore Balance of Payments (US$ Billions) 20082012
Figure 31: Singapore Government Debt to GDP, 20082017
Figure 32: Singapore Stock Market Performance, 20082017
Figure 33: Singapore HNWI Wealth vs GDP Ratio, 20082017
Figure 34: Singaporean HNWIs Volume by Wealth Band, 20082017
Figure 35: Singaporean HNWIs Wealth by Wealth Band (in US$ Billions), 20082017
Figure 36: Singaporean HNWIs Wealth Per Capita (in US$ Billions), 20082017

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