Only 38k Filipinos will become millionaires by 2015

Only 38,000 Filipinos or roughly 0.04% of the Philippine population will become millionaires (in US$) by the year 2015. This is according to a report published by Julius Baer, a Swiss private banking group.
The report determined which countries in Asia will produce the most number of high networth individuals, or people with net worth of at least US$1 million (PHP42.5 million).
The Philippines is actually the last in the list of countries surveyed, producing only 38,000 US$ millionaires by 2015. In contrast, China will have 1.378 million high net worth individuals or around 0.10% of the expected Chinese population in 2015.
Filipino millionaires will have a combined net worth of $164 billion, while China’s rich will own a combined $8.7 trillion.
Singapore is the country in Asia that will produce the most number of high net worth individuals as a percentage of the population. The report estimates Singapore to have 129,000 millionaires — or 2.68% of the population — with a combined net worth of $616 billion.
The table below summarizes the estimated number of high net worth individuals and combined wealth for each country by 2015, based on the survey.
Graph and Table: High Net Worth Individuals in Asia by 2015

Source: Julius Baer, Swiss private banking group
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19 thoughts on “Only 38k Filipinos will become millionaires by 2015”

    1. Mr Asufra,i’m so sure you can find investments that will give you earnings more than 1%. Others can give you even 15% you just need to look for more investment avenues – not savings. Just like Hope7812 said “Kaya naman naten” and to “Have open mind on ways to increase (not to just save) our income 🙂 God bless.

      1. @uberpositive i know it i mean the chances to become a multi millionaire here in the phils. is less than 1% according to this article 38,000 Filipinos only for 90M population and who are those 38k the chinese? wtf…

  1. This is a sad truth. We need to increase our financial literacy. Stop think that we are poor. We need to change our mindset. Have open mind on ways how to increase our income. Try to have a small business. Kaya naman natin. 

    1. I think we will start to mold our Filipino children on financial literacy, but it needs to start it with the parents. thats the missing skills on us. Financial adviser is only known by the rich people….talagang kaya naitin. Just a mind set. Think Big!!!! and act!!!!

  2. tama.. everyone needs to be financially literate. pero nakikita ko nmn na pabata ng pabata ung mga interested sa business and income generating assets. for me.. it’s really good. and i’m happy to share what i know..

  3. Stupid Flips. South Korea and Malaysia were in worse shape than you before and now they’re better. You Flips had more than 30 years to make yourself look less of a third world country. Pearl of the Orient? Are you kidding me? How about Septic Tank of the World?! Too much garbage on the streets, horrible pollution, rude Flip attitude, and corrupt Catholic officials. You know what, I bet you a million dollars your garbage of a country will still be the same in 2040. Now it would be even more embarrassing if Myanmar is richer than you.

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