Originally Posted by Unregistered

Are you so sure about top performers having at least 10M? Consider the property values at prime locations such as orchird and sentosa. A condo would cost at least 12M, and a landed property at 15M and beyond. Now consider how many residents reside there. At least 40,000 at prime locations, and that is only about a notch below a percent of singapore's population.

An average actual "top" performer would have at least 20M by my guess - around equity 7M-15M in property (not including mortgage ) and 5M and beyond in financial assets.

The median wealth in singapore is only about 30K in 2010, while gdp per capita was 50K.
You or anyone else would find that the life savings of the average or the poor at a mere 30K, lacklustre against the supposed fair average earnings of a single person,if we were to take gdp and evenly distribute it per person at 50K. The top 1% earns an estimated average of 800K a year, and that is only the average. Taking into account the skew caused by those earning even more, a 0.1% earner could be making upwards of 2M. Thats around 3,000 people in Singapore making that amount if we take the working population at 3M.

We are all poor losers in this capitalist-autocratic nation.