Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record

08 Apr Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record

The number of multimillionaires in Hong Kong hit a record high last year – despite the city recording its worst recession on record because of the pandemic – according to the results of a survey released by Citibank on Thursday.As many as 515,000 people in Hong Kong were estimated to have HK$10 million (US$1.28 million) each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020, which was conducted between November last year and January this…

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