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Singapore will pip Oz to be Asia's millionaire capital by 2030: HSBC

The financial hub is expected to top the list in Asia-Pacific followed by Australia, Hong Kong and Taiwan, the bank wrote in a report Tuesday

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Joanna Ossinger | Bloomberg
Singapore will overtake Australia to have Asia’s highest share of millionaires in the adult population by 2030, according to a report by HSBC Holdings Plc. 

The financial hub is expected to top the list in Asia-Pacific followed by Australia, Hong Kong and Taiwan, the bank wrote in a report Tuesday. The proportion of millionaires in those four countries is also expected to come in higher than the US by the end of the decade, the report said. 
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First Published: Aug 19 2022 | 12:16 AM IST

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