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Number of Asia’s rich hits record as asset values grow; more seek alternative investments: Report
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The report found that the number of wealthy folk in Asia rose 4.8 per cent in 2023 to 7.4 million.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE – The number of wealthy people in Asia hit a record high in 2023 while the value of their assets recovered from a dip in 2022, said a report.
Meanwhile, wealth management providers said a wealth transfer is under way in the region as baby boomers move their riches to the younger generation.
