Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Press Releases / Singapore Set to be World’s Wealthiest Nation by 2050

Singapore Set to be World’s Wealthiest Nation by 2050

World’s Wealthiest Nation

According to a 2012 “Wealth Report” published by CitiBank and property consultancy firm Knight Frank, the world’s super rich expects Singapore to be the wealthiest country in the world by 2050.

The report, which contains detailed analysis of interviews with high net-worth individuals (HNWIs i.e. people with more than US$25 million of investable assets each) – discussed economic, property and business trends that influenced the activities of the super rich.

Among new world players, or emerging economies with the highest potential for economic growth, Singapore currently tops the affluence chart in terms of GDP per capita. Norway and the US follow in second and third place, respectively.

By 2050, developing Asia is expected to overtake the west, with North American and Western European share of the global real GDP predicted to plunge from 41% in 2010 to 18% in 2050.

Singapore is expected to be at the forefront of the eastward trend in economic prosperity, with a forecasted per capita GDP of US$137,710, making it the world’s wealthiest country in 2050.

Asian countries Hong Kong, Taiwan, and South Korea are predicted to move up to second, third, and fourth spots, respectively. Meanwhile, the US, formerly the world’s largest economy, is foreseen to fall to fifth place.

“The report reinforces Singapore’s reputation as the preferred investment center for the world’s wealthiest,” commented Mr. Satish Bakhda, General Manager and Head of Operations at Rikvin, a Singapore Company Registration specialist.

“Evidently, HNWIs have extreme confidence in the long-term economic prospects of our city-state,” he continued. “In addition, when asked about what is required to become a global city, 63% cite personal security while 21% quote education. Interestingly, Singapore offers both.”

“This puts us in good stead to attract more foreign investors to form a Singapore company, and professionals to apply for the Personalized employment pass or Singapore work visa. As indicated by the report, Singapore is clearly on top of the emerging Asian boom. Now is the time to take advantage of Singapore’s overall economic prosperity, which, as global GDP trends demonstrate, will only multiply rapidly and substantially in the next few years,” concluded Mr. Bakhda.

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Singapore Property Market Yields Renewed Foreign Interest
Singapore-China Trade Ties Set to Flourish
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.