sharon sanders
Editor-in-Chief & President
Hong Kong’s millionaire population falls 14 per cent in first half as coronavirus- battered economy drives exodus
The number of millionaires in Hong Kong declined in the first half of the year, dragging the city out of the top 10 among the world’s wealthiest places, according to a study by London-based migration consultancy Henley & Partners.
Hong Kong slipped four places to 12th after the number of high net-worth individuals (HNWIs), or those with investible assets of at least US$1 million, fell by 14 per cent to 125,100.
It was the biggest faller in the list. Singapore, its rival financial hub in Asia, is ranked fifth with 249,800 millionaires, an increase of 1 per cent from the start of the year.
more....
https://www.scmp.com/business/money...llionaire-population-falls-14-cent-first-half
- Hong Kong slipped four places to 12th in a list compiled by migration consultancy Henley
- China’s tech hub, Shenzhen, is on the rise in terms of its wealthy population and is likely to break into the top 20 by 2030
The number of millionaires in Hong Kong declined in the first half of the year, dragging the city out of the top 10 among the world’s wealthiest places, according to a study by London-based migration consultancy Henley & Partners.
Hong Kong slipped four places to 12th after the number of high net-worth individuals (HNWIs), or those with investible assets of at least US$1 million, fell by 14 per cent to 125,100.
It was the biggest faller in the list. Singapore, its rival financial hub in Asia, is ranked fifth with 249,800 millionaires, an increase of 1 per cent from the start of the year.
more....
https://www.scmp.com/business/money...llionaire-population-falls-14-cent-first-half