{"id":29213,"date":"2017-04-14T16:35:57","date_gmt":"2017-04-14T08:35:57","guid":{"rendered":"https:\/\/direct.imoney.my\/articles\/?p=29213"},"modified":"2017-04-14T16:51:50","modified_gmt":"2017-04-14T08:51:50","slug":"more-ultra-rich-malaysians","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/more-ultra-rich-malaysians","title":{"rendered":"Ultra Rich Malaysians Up 3% In 2016"},"content":{"rendered":"
Not even the weakening ringgit could dent the fortunes of Malaysia\u2019s ultra high net worth individuals (UHNWI). According to the latest Knight Frank\u2019s 2017 Wealth Report, the number of UHNWIs increased 3% last year to 1,020 people.<\/p>\n
\u201cThe increase might not be much, but Malaysia seeing about 30 more UHNWIs from 2015 is in tandem with the overall growth in Asia and Australasia regions,\u201d said Nicholas Holt, the international property consultancy\u2019s Asia Pacific head of research.<\/p>\n
The number of ultra-rich Malaysians who had at least US$30 million (RM1.3 billion) in net assets numbered about 990 people in 2015, according to Knight Frank.<\/p>\n
The survey is based on the responds and views of bankers and wealth advisers who manage assets of these high net worth individuals in 89 countries.<\/p>\n
The report also ranked Kuala Lumpur 31st<\/sup> in its list of \u201ccities that matter\u201d to the super rich, ahead of Amsterdam, New Delhi, Rome and Seattle.<\/p>\n The ranking is based on its four measures of current wealth, investment, connectivity and future wealth.<\/p>\n Knight Frank\u2019s country managing director S. Sarkunan said Malaysia\u2019s price forecast for residential properties is expected to remain stagnant for the entire year.<\/p>\n \u201cWeak ringgit and uncertainties like elections that is expected to take place this year are among the reasons for property prices to grow at 0%.<\/p>\n \u201cSo, this is a good year to buy properties,\u201d he said.<\/p>\n