101 East - Singapore: The World's Richest City
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China may soon be the birthplace to half the world's billionaires but Singapore - the world's richest city - is where they go to play. Some of the rich and famous who have moved to the tiny Southeast Asian island republic include Indian telecom tycoon Bhupendra Kumar Modi, Chinese movie superstars Gong Li and Jet Li, New Zealand billionaire Richard Chandler, and famed US investor Jim Rogers. One in six households in Singapore have a net worth of $1m, reflecting the flow of wealth eastwards as the centre of global economic activity shifts to Asia. With low taxes, a reliable, corruption-free government and protective private banking laws, the world's ultra-rich are flocking to make Singapore home, giving it the highest percentage of millionaire households in the world. While the rich have fun, locals are struggling to keep up with the rising cost of living. More from 101 East on: YouTube - http://aje.io/101eastYouTube Facebook - http://facebook.com/101east Twitter - http://twitter.com/aj101east Instagram - http://instagram.com/aj101east Website - http://aljazeera.com/101east
Comments
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The place where money goes to dissapear :)
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Better 'yotch'...hahaha. That guy may have the money to buy a yacht , but he sure can't pronounce it. Rich but speaks badly!
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If you don't make a million a year. which is 70 to 80 percent of them then you are acting like a wannabe rich. However, those 70 to 80 percent do live very comfortably.
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as kid I have been to Singapore and I liked everything I saw yet even as a kid I found something was wrong somewhere. I never pondered over it for long...
later in life spoke to my colleagues who worked in Singapore as expat gave me the real picture of what it was.
Singapore is the epitome of capitalism and everything that is wrong with it.
Shallow courtesy
Cramped Public Space
High paying jobs with huge bills to pay. -
only Europe and USA that are derelict .
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I dont understand...if the country is so wealthy and sees continuous growth. Why do problems for the poor prevail?
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As a Singaporean, I feel that this documentary is over rating Singapore. Singaporeans now are struggling to make ends meet, most of the local middle-aged PMETS are becoming taxi drivers or security guards. Things were better during LKY era especially in the 80s, 90s.
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The interviewer really needs to tailor that suit of his.. Hahaha
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Nathan Tinker showed up there hahaha
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And now please AJ let us know what is a debt in singapur per capita???
hahaha yeah its also leading in asia -
world's richest city with poorest soul.
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Soon....China will bury singapore, they are trying to build the panama of asia in Thailand. This will kill singapore's economy if they have no new ideas in investments.
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The host has very bad dress code.
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which is better Dubai or Singapore?
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celine dion should start singing The Power of Capitalism…lol
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Very little crime there...why? 0 black people.
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As a foreigner who visited Singapore for a vacation, Singapore isn't that fun, too expensive, and it was pathetic when they advertised Sentosa as the state of fun, it's fun but expensive.
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Singapore is Haunted
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So much worse than Hong Kong, and every month is getting less global and with more domestic problems...
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Better than Vancouver for the rich Chinese
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