Singapore's economic turnaround is gathering speed. The island-state, whose GDP shrank by 1.3% in 2009, is looking to surpass China to become Asia's fastest-growing economy. Its GDP, up 16% in the first quarter, is forecast to rise an impressive 13% to 15% this year. Though a slower revival elsewhere (notably in the U.S. and in China's-lower-than expected growth in the second quarter) have tempered the gains, the Straits Times Index has risen 12% since last year. The fortunes of the country's 40 richest reflect this resurgence: Their total net worth is $45.7 billion, up from last year's $39 billion.More Full StoryRelated:
Singapore's richest enjoy better fortunes: Forbes - Xinhua
