Singapore is considered to be one of the world’ s high developed countries, despite the income inequalities. It is such a developed country that most millionaires in the world live there!
One out of every six Singaporean households have at least one million US dollars in disposable wealth.
This calculation excludes property, businesses, and luxury goods. If they had been included they would further increase the number of millionaires, especially as property in Singapore is among the world’s most expensive.