Super Rich Choose Singapore as Their Safe Haven

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  • Bloomberg Markets and Finance published this video item, entitled “Super Rich Choose Singapore as Their Safe Haven” – below is their description.

    May.26 — Asia’s super rich are choosing Singapore as their haven with the number of single family offices in the city-state doubling since the end of 2019. Bloomberg’s David Ramli reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Singapore

    Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia.

    The country’s territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country’s independence as a result of extensive land reclamation projects. It has the second greatest population density in the world. The country has almost 5.7 million residents, 61% (3.4 million) of whom are Singaporean citizens. There are four official languages of Singapore: English, Malay, Chinese, and Tamil; with English being the lingua franca.

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