That compares with a combined average wealth of about S$3.5 million for all other households, with the bottom 20% having a net worth of S$293,000, the data showed.
(Feb 10): Singapore’s top 20% of households are richer than all the other families combined, a reflection of the extent of wealth inequality in the city state.
The top quintile of resident households held an average wealth of about S$5.3 million in 2023, the latest available figures based on a study published on Monday (Feb 9) by the Ministry of Finance. Property accounted for at least half of their worth.
