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Millionaires in Malaysia: 26,000 and counting

8 Dec 2014

A new whitepaper from WealthInsight investigates wealth in Malaysia - a fast-growing millionaire and Islamic private banking hub powered by government funding and a significant increase in foreign direct investment.


Highlights of the attached whitepaper include:

  • Kuala Lumpur is the city with the highest level of HNWIs at 13,800 in 2013, more than Abu Dhabi (12,500), Cape Town (8,753) or Birmingham (8,736).
  • Malaysian billionaires held 209% more wealth than the whole Paraguayan HNWI population together.
  • 54% of Malaysian HNWI foreign wealth is invested in Asia-Pacific countries, compared to only 46.8% of Indonesian HNWI foreign wealth.
  • Malaysia is forecast to have more billionaires in 2018 (20) than the United Arab Emirates (19).
  • Tom Carlisle, analyst at WealthInsight, says: "Since becoming an Islamic banking hub, Malaysia has seen a large surge in investment to its shores, increasing by 52.6% since 2008 to US$11.6 billion."

All information is based on the WealthInsight white papaer 'Millionaires in Malaysia: 26,000 and counting,' published in December 2014.



Source: Company Press Release

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