The World's Richest City

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The World's Richest City

Singapore is a playground for the mega rich; the place to park their wealth. As people get more affluent, they want to look at more luxury items, better homes, better cars, and better yachts. Billionaires, tycoons and big foreign firms are drawn there by the low taxes, stable government and protected banking lords that keep their accounts secret. Singapore will be the location where people custody their assets. But with the rising costs of living, many Singaporeans are struggling.

They have one of the most expensive public housing in the world. The core issue is that Singaporeans are finding it increasingly difficult to compete for jobs. So, who really benefits from living in the world's richest city?

Truly, Singapore is becoming one of the most important hubs. There are a lot of new clients, entrepreneurs and high-net worth individuals, which are just now thinking that a boat, a yacht, can be part of their luxury living. Forget jets and limos if you want to travel in style. The dazzling array of super-yachts are the draw cards, here. They can even be charted for a cool $50,000 a week.

This provides you a platform to have the time of your life. People are now becoming more aware of their surroundings, and who would argue that Southeast Asia has some of the most beautiful coastlines in the world. Asia is now developing into the next level of pursuing more leisured expectations. It's probably a current continent where people are getting wealthier. Singapore is positioned as a fun place to be, also where business converge.

Many Ritzy events are part of Singapore's dramatic makeover, from colonial backwater to economic powerhouse in just 50 years. By throwing the doors open to super-rich foreigners, the country now manages 5% of the world's total private wealth, making Singapore the world's wealthiest city based on per-capita income.

It is very clear that the efficiency part, the clarity that the government leaders have set, positioned Singapore as the premier hub for everything to happen there. Relative to the size compared to India and China, they play a very strategic role to be the jewel in the market.

Some of the wealthy tycoons with a presence in Singapore include Facebook Founder, Eduardo Saverin; Australian Mining Magnet, Gina Rinehart; Malaysian Entrepreneur, Ong Beng Seng; and prominent US Investor, Jim Rogers.

Watch the full documentary now

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Ratings: 6.97/10 from 37 users.
  • matt van den ham

    Eduardo Saverin isn't the founder of Facebook!

  • CURI0S

    I haven't even seen the film yet, but a concept in the title, whether intended or not, has opened my eyes a bit. I can see how in the near future, more and more wealthy people are going to completely abandon the US and Western civilized nations for nations that have balanced budgets as well as a safe, welcoming environment, full of amenities and luxuries. That leads to so many more questions regarding today's global/geo - politics...

  • fhade

    income tax is a dumb idea... tax should only be for consumption of goods, services, use of public facilities and tax on property.

  • fnertz

    Oh, but yes he is! :D
    He is o n e o f the founders of Facebook.
    Just as Mark Zuckerberg is. And Chris Hughes. And Dustin Moskovitz. :D
    I guess this is new information for you.. :D

  • matt van den ham

    No, not news, but the wording is a bit weird, it suggests that he was THE founder. I'm just going by what the social network painted but he didn't seem to be the brains of the operation. He was the initial financial backer and had a few marketing ideas here and there but I don't see him as the originator at all. Technically the Winklevoss twins are the original founders, but Zuckerberg did all the programming so you have to credit him with about 85% of the site's original concept. But who knows for sure about everyone's involvement, the movie probably skewed many details. In reality it was a massive collaboration including Sean Parker and a few others, and dozens of other unnamed genius programmers and marketers that had their part as well. Zuckerberg just seems to get the spotlight because he enjoys being under it.

  • Carl Hendershot

    Breeding Ugly should be the title..

  • TheDanishViking

    As this doc clearly shows Singapore is a very boring place. I have lived there. Hong Kong is much more interesting. And why? Well, because Hong Kong has culture. As this doc also clearly shows you cannot buy culture.

  • matt max

    i have also lived three years in denmark (kolding) and danish people are the most ignorant and very conserve racist a worst experience of my life.

  • http://www.twitter.com/noles506 Noles

    That's like bragging about inventing colonoscopies.

  • kafka11

    what a mind numbingly dull place. Inequality seems to be spreading like a plague around the world and seems unstoppable. Death is lifes only equaliser.

  • Thejs

    Calling all Danish people Racist is a Racist remark in itself my friend

  • mcscotty

    Singapore is not the world's richest city. Not by a long shot.