Number of super rich Malaysians slides


KUALA LUMPUR: The number Malaysia’s ultra-high net-worth individuals (UHNWIs) slid by 15% in 2015 compared with a global dip of 3% (about 6,000 people) since the 2008 global financial crisis, according to Knight Frank 10th edition of The Wealth Report 2016.

This is the largest drop on a percentage basis in a survey of 91 countries, which saw the number of super rich rise in 34 countries. The ultra-rich are defined as those with minimum US$30mil in investable assets.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , rich

   

Next In Business News

Wall Street set for higher open as rate-cut hopes linger
Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Court Of Appeal rules in favour of SC in insider trading case
EPF buys more shares in QL Resources, raising stake to 5.01%
MGRC and Twistcode Technologies collaborate to develop advanced bioinformatics platform
Ringgit trims earlier gains to end slightly lower against US dollar
Ho Hup disposes of Bukit Jalil land for RM110mil
Perodua eyes 79% export surge to 1,960 units this year
Favelle Falco secures RM39.2mil contracts for offshore, tower cranes
RHB Islamic International Asset Management appoints Najman Isa as CEO

Others Also Read