When it comes to trying to join the billion-dollar club, many investors tend to focus on the world’s wealthiest individuals. They harp on every word legendary investors like Jim Rogers, George Soros and the infamous Warren Buffett say, hoping to gain some sort of insight from these financial Gurus. Few, however, look at the bigger picture. Taking a more macro view of the world can reveal some interesting facts about where the wealth really lies. Given our long standing pedigree of some of the world’s most affluent people, many might automatically assume that the United States would take first place as the world’s wealthiest country. But in a recent report from Knight Frank and Citi Private Wealth , it was estimated that Singapore’s GDP per capita at US$56,532 (measured by purchasing power parity in 2010) is the highest in the world, topping Norway (US$51, 226), the U.S. (US$45, 511) and Hong Kong (US$45, [...] Click here to read the original article on ETFdb.com. Related Posts: First Small Cap Singapore ETF Debuts iShares Rolls Out Norway ETF (ENOR) ETF Insider: France Downgrade Erodes Confidence Among Developed Market ETFs, Singapore And Hong Kong Crush The Competition Looking For Consumers? ETFs To Play Millionaire-Heavy Countries
When it comes to trying to join the billion-dollar club, many investors tend to focus on the world’s wealthiest individuals. They harp on every word legendary investors like Jim Rogers, George Soros and the infamous Warren Buffett say, hoping to gain some sort of insight from these financial Gurus. Few, however, look at the bigger picture. Taking a more macro view of the world can reveal some interesting facts about where the wealth really lies. Given our long standing pedigree of some of the world’s most affluent people, many might automatically assume that the United States would take first place as the world’s wealthiest country. But in a recent report from Knight Frank and Citi Private Wealth , it was estimated that Singapore’s GDP per capita at US$56,532 (measured by purchasing power parity in 2010) is the highest in the world, topping Norway (US$51, 226), the U.S. (US$45, 511) and Hong Kong (US$45, [...]
Click here to read the original article on ETFdb.com.
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