Finance · South Africa
Singapore's Wealth Gap Widens as Rich Own More Property
Moneyweb · 2026/02/14
Summary
In Singapore, the richest people own more wealth than the bottom 80% of the population combined. This major gap in wealth is mostly due to property ownership, which has pushed the rich even further ahead. The situation in Singapore now looks like what we see in many other developed countries, where a small group controls most of the money and assets. This growing inequality means that many people find it harder to build wealth or improve their financial situation, especially if they don’t own property. As homes and real estate become pricier, it favors those who already have assets, leaving others behind. This shows how important it is for government and communities to think about ways to make wealth more fairly shared so that everyone has a better chance of financial security and success in the future.
OnABudget takeaway: For everyday South Africans, this highlights the risks of relying too much on property for wealth. It’s important to explore other ways to grow your money and be aware of how unequal property ownership can affect your financial future.