Singapore’s Richest Hold More Wealth Than Bottom 80% Combined
Private residential houses and Housing & Development Board public housing estates in Singapore.
Photographer: Ore Huiying/BloombergSingapore’s top 20% households are richer than all the other families combined, a reflection of the extent of wealth inequality in the city state.
The top quintile of resident households held an average wealth of about S$5.3 million ($4.2 million) in 2023, the latest available figures based on a study published on Monday by the Ministry of Finance. Property accounted for at least half of their worth.