Together they boast US$155.5 billion in wealth, up 14.5%, according to a report by Switzerland-based investment bank UBS.
Two-thirds of billionaires in Singapore are self-made.
In comparison, the country-state was home to 17 billionaires with a total wealth of $44.5 billion in 2015.
In Asia Pacific, mainland China ranked top in number of emigrated billionaires at 427, down 93 from last year.
It was followed by India (185) and Hong Kong at (74).
Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management, said there are three key driving forces that influence billionaires to move from one place to another: a safe environment and political stability; top-notch medical care; and education.
The Covid-19 pandemic was a wake-up call for many people, including billionaires, leading them to reassess their lives, with homes, families and businesses spread across different places.
The UBS report also found that globally, billionaires account for more than $400 billion have emigrated in the last four years.
“Since 2020, they have relocated more frequently, with 176 billionaires having moved from a total population of 2,682 in April 2024. That’s one in 15 shifting their domicile,” said Cavalli, head of strategic clients at UBS Global Wealth Management.
The key driving forces that influence billionaires to move from one place to another are safe environment and political stability, top-notch medical care, and education.
The world’s number of billionaires has jumped by more than half since 2015 to 2,682 in 2024, UBS said. Their wealth increased by 121% to $14 trillion, it added.
