Although it is a small state, it has a lot of money
As a result, despite the tiny size of Singapore, the nation has a large amount of money. Approximately one in every six persons you meet has assets (or cash) worth more than $1 million each. Compared to the rest of the globe, this ratio is the highest.
Singapore ranks 10th in the world in terms of the number of super-wealthy citizens, with more than 500,000. It is also the only Asian nation to outperform the United States in terms of GDP per person. Interesting.