What do Singapore’s rich spend their money on?, Lifestyle News – AsiaOne
Singapore has over 200,000 millionaires, with over 1,000 of them considered to be ultra high networth individuals worth over $68.9 million.
With films like Crazy Rich Asians giving us an idealised version of high-income spending, imagining the spending habits of the ultra-rich can make the mind wander.
While there are plenty of articles about how the rich spend their money, we were interested in the hard figures of their expenditures.
Using the most recent Household Expenditure Survey, we analysed the spending of upper-income households to see how they really spend their money…