Ultra rich

Excerpt:

But zooming back in to the 487 ultra-rich individuals as of this year, only 33 of them have a wealth of at least US$500 million or RM2 billion.

Out of these 487 persons, 184 are either already billionaires or have at least RM415 million assets (US$100 million-US$500 million category), and the remaining 270 are in the US$50 million-US$100 million (RM207.9 million-RM415 million) category.

One step below the ultra-high net worth (UHNW) individuals are 46,215 individuals who are categorised as high net worth (HNW) individuals, namely 2,697 in the US$10 million-US$50 million (RM41.58 million-RM207.9 million) category, 3,963 in the US$5 million-US$10 million (RM20.79 million-RM41.58 million) category, and a significantly larger number of 39,555 individuals in the US$1 million-US$5 million (RM4.16 million-RM20.79 million) category.

If it feels like the super-rich are an exclusive club in Malaysia, that’s because these 46,702 UHNW and HNW individuals collectively only amount to 0.2 per cent (not even the proverbial 1 per cent) of the 21.372 million adults in Malaysia.

The remaining 99.8 per cent Malaysian adults have a wealth that either touches or falls below US$1 million (RM4.16 million), with the bulk or 60.6 per cent with wealth below US$10,000, while 36.2 per cent have wealth of US$10,000-US$100,000, and three per cent at the higher wealth range of US$100,000-US$1 million.

ManutdGiggs

Many forumers are quietly "syiok sendiri" knowing they are top 3% of all Malaysians. They are elites in their own rights. Ha ha..

Some even belong to the top 0.2% being above USD1mil net worth.

By law of average, 3% and 0.2% of lyn adults respectively.

Through selection bias, higher % respectively for Finance, stocks and property sub-forumers.

The remaining 99.8 per cent Malaysian adults have a wealth that either touches or falls below US$1 million (RM4.16 million), with the bulk or 60.6 per cent with wealth below US$10,000, while 36.2 per cent have wealth of US$10,000-US$100,000, and three per cent at the higher wealth range of US$100,000-US$1 million.

ManutdGiggs

Difference between asking price and transacted price could be substantial, many syok sendiri likely to over estimate self worth.

1. You made the assumption that they calculate based on asking price. They might be more conservative.

2. Differences between asking and transacted prices unlikely to exceed 10% on average.

3. Some exceeded by such a large margin that such puny differences do not make much difference.

There r few 0.2% actually quietly reading tis section.

Onli few ll think speculating stock is beta than the cheap bricks.

Wb n trump r both gd at their own field.

Onli knee deep need operation. Mental issue straight to angmotan land.

Correct. Home owners are richer than renters. More wealth generated thru prop than anything else.

Yes, among 98% of adults.

Yes, so for those who just started, go buy your first prop, waiting for what?

Blood is not yet knees deep on the floor.

Buy ah!

When blood is knees deep on the floor.

Meanwhile, angmotan land awaits.

Buy ah...

Sell

Sell stocks buy prop ah.

Sell all

Need money for knee operation