Connect with us

Hi, what are you looking for?

Bertha HarianBertha Harian

Money

So what if we’re rich?

Okay, this is my usual tirade about numbers. Now it’s about the number of millionaires everywhere. Interesting that there were two sets of angles – That Singapore millionaire numbers have come down (am I suppose to worry?) and Singapore’s rich list is longer than Hong Kong’s (is a yay! expected?). I find numbers interesting because you can read so much into them depending on what numbers you want to focus on. Which is why I prefer to see whole sets of numbers and determine for myself what’s important.

I therefore declare My Paper as the newspaper with the best set of infographics.

It’s a no-brainer, idiot-proof graphic – and I mean that in a good sense.

Much better than BT’s

Anyway, never mind the numbers – the main thing is, what’s the point? Or rather, so what? So what if we have fewer millionaires than before, and so what if our rich list is longer than HK’s?

BT went straight for the implications of the shift of wealth to Asia on wealth managers. The rest remained more reportage than anything else with attempts to explain the ups and downs. What I thought intriguing: these high net worth individuals  include foreign residents metinks. I wonder what that proportion is. Maybe the Hongkongers came over here. Another thing I found disconcerting – there was an earlier survey last week on the number of Singapore millionaire households – and the number at 188,000 if twice the number of high-net worth individuals.

How does this compute?

Advertisement. Scroll to continue reading.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-6588922561575109
Written By

An ex-journalist who can't get enough of the news after being in the business for 26 years

Further reading

News Reports

I thought that first Singapore Conversation session threw up an interesting way of looking at what sort of country we want: by putting up...

Money

What is your bum worth? The comfort of a Herman Miller chair? Your lumbar protected? Not too hard for those of bony hinds? Ergonomically...

News Reports

I have to say that I thought ST’s Page 1 story today on cleaning up Boat Quay a little strange. So auxillary police are...

Money

Whenever I read about an agency spending money on itself (oops! I mean, money to serve the public better), my eyebrows automatically furrow. So...