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Is Singapore Leading the World as a Destination for Ultra-Rich Individuals Capitalizing on BRICS Opportunities? Singapore Reaches $4.9 Trillion Assets Under Management Source: Monetary Authority of Singapore According to the Economic Development Board of Singapore, there are now 1,100 family offices in Singapore. Additionally, 59% of family offices in Asia are located in Singapore. As a city, Singapore ranks as the 5th wealthiest in the world and is home to 41 billionaires. The country also boasts nearly 270,000 millionaires, and projections suggest that Singapore could have 437,000 millionaires by 2025. Furthermore, over 13% (Approx. 700,000) of Singapore’s 5.5 million population are expected to be millionaires by 2030, solidifying Singapore’s position as Asia’s millionaire capital by that time. Introduction: Are UAE, Singapore, and Hong Kong truly primed to reap the benefits of collaborating with BRICS members as financial and business hubs? With their strategic geographic … Read more