Singapore among preferred destinations for billionaires, with 47 in the country

Singapore is host to 47 billionaires with a combined wealth of US$155.5 billion. - ST

SINGAPORE: Billionaires are relocating more frequently, with many moving to Switzerland, Singapore, the United Arab Emirates (UAE) and the United States, according to private bankers to the wealthy.

In total, billionaires accounting for more than US$400 billion (S$538.8 billion) have emigrated in the past four years, with the Middle East and Africa region attracting the most billionaire capital.