ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indonesia to outpace China in rise of crazy rich as COVID abates

Report says vaccine-fueled economic recovery will deepen pockets of superwealthy

SINGAPORE -- Indonesia is projected to outpace China when it comes to the growth rate of the superwealthy set, as rollouts of COVID-19 vaccines support economic recoveries.

London-based consultancy Knight Frank's forthcoming Wealth Report 2021, to be officially released next Tuesday, shows Southeast Asia's largest economy is expected to see a 67% annual rise in the number of people becoming ultra-high-net-worth individuals over the five years through 2025. The report sets the bar at $30 million, including the value of one's primary residence.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more