According to the World Wealth Report by Merrill Lynch/ Capgemini, HNWIs are defined as those having investable assets of US$1 million or more. That is a LOT of money in Malaysia, considering our exchange rate vs the dollar.
And a question arose...
Is a high net worth individual in Malaysia equal to another high net worth individual from another part of the world?
Apparently not.
The chart above by the Asian Banker paints a different picture, not just for Malaysians but across several Asian countries. Interestingly, one only needs to be half as wealthy in Malaysia vs in an OECD country to be segmented as a HNWI. Pretty much tells us the cost of living and quality of life in Malaysia.
NEXT: How have their lives changed?
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