SINGAPORE – The latest list of wealthy Singaporeans from Forbes magazine showed lots of money sloshing around Singapore – but it may just be the tip of the iceberg.
The magazine’s latest annual ranking of the city-state’s wealthiest 40 individuals found that Singapore’s richest people have a collective net worth of US$59.4 billion, up from $54.4 billion last year, with 16 billionaires locally compared to 13 last year. But separate estimates from Wealth-X, a group which provides intelligence on the world’s high net worth individuals, suggests that there may be at least 10 others in Singapore worth over US$280 million who might have been left out of the list. Full story
