Wealth Flees Switzerland For Shelter in Singapore
April 22, 2013 at 08:26 AM EDT
A report by WealthInsight says Singapore is the fastest growing wealth center in the world, with $550 billion in assets under management - up from $50 billion in 2000. Switzerland, with 34 percent of the $8.15 trillion in total global wealth, is the current world leader, but Singapore could overtake Switzerland in offshore assets under management by 2020.