Number of ultra-wealthy Malaysians on the rise

Trade in gold is widely authorised and regulated in many markets unlike cryptocurrencies such as Bitcoin.

KUALA LUMPUR: The number of ultra-wealthy Malaysians rose 11 per cent to 310 last year, up from 280 in 2016, among the country's population of 31.19 million, according to Knight Frank's The Wealth Report 2018.

Ultra-wealthy individuals are those with US$50 million (RM193.35 million) or more in net assets.

The 12th edition of report, released by the independent global property consultancy here today, also predicted the super-rich population in Malaysia would jump 65 per cent to 510 people from 2017  to 2022.