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

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read