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Bangkok Post
Bangkok Post
Business

Singapore passes Hong Kong on rich-city list

Hong Kong Singapore Henley Partners United States
Singapore was home to 240,100 US dollar millionaires in 2022, up 40% from a decade earlier. (Photo: Bloomberg)

Hong Kong has fallen behind rival Singapore in a ranking of the world’s wealthiest cities, a new survey shows.

The number of US dollar millionaires in Hong Kong dropped 27% to 129,500 between 2012 and 2022, while the figure in the city-state grew 40% to 240,100, according to a list published by the investment migration company Henley & Partners.

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