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PH will have 38,164 Filipino millionaires by 2015, says Swiss report
Published on: Sep 1, 2011 - 11:30am

( A report conducted by private Swiss banking group Julius Baer has predicted that there will be 38,164 millionares in the Philippines by 2015, reports ABS-CBN News. In its report, Julius Baer enumerated 11 Asian countries, including the Philippines, with the largest number of high net-worth individuals (HNI), with China leading the pack.

According to Reuters' report, China alone would hold half the millionaires in Asia with its combined wealth of $8.8 trillion. Currently, China has 502,000 million HNIs with investable assets totaling $2.6 trillion. India, on the other hand, would more than double its number of HNIs to 403,000 by 2015. Julius Baer predicted that these two countries would contribute over 40 percent of  global economic growth for 2011 to 2012.

For more on this story, log on to ABS-CBN News and Reuters.

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  • the watcher
    How the Swiss Bank came up with this exact number 38,164 is great statistical work. They did not say however, if these are new millionaires or they will be an addition to the existing ones that the country already have. 38,164 still does not represent 1% of the country's population, politicians need to steal more from taxpayers money to exceed that projection. rnrn
    Sep 04 2011 @ 07:06am     Reply  
  • surg702
    What sectors of the population would be represented in that 38,164 projected millionaires ? Enterpreneurs, entertainment, politics related careers, military, sports and clergy, maybe ? rnrn38,164 out of a 101 million population by any standard is a small number, but certainly an improvement.
    Sep 04 2011 @ 02:33am     Reply  
  • i will be a millionaire soon
    @inidian joe, perhaps it will be wise to avoid people like shooter macgavin who has already made a career our of complaining and has ignored the value of solution providing. his body is full of negative thoughts, he can start the engine of a car without a battery. thank you.
    Sep 03 2011 @ 01:16am     Reply  
  • indian joe
    @ I will be......I have attended a get rich and positive thinking seminar and here are a few of the Dos and Don'ts: Believe that you can do it; Don't Hang Around People With Negative Attitude; Work Smart, etc. rnrnIt didn't work for me kasi I hang around negative people and I don't smile a lot kaya sayang lang binayad ko sa seminar.
    Sep 02 2011 @ 06:38pm     Reply  
  • i will be a millionaire soon
    successful people say the first step to be successful is TO BELIEVE. Maybe they are right. Why don't we follow their advice?
    Sep 02 2011 @ 06:04pm     Reply  
  • shooter mcgavin
    @rachelrnrni agree...its luck...hardwork...and of course money...pero sa mga taong baon na sa utang...pano pa dba?...sabi nga nila...."Hanggat may Lotto....may Pag-asa"....SHOOTAH!
    Sep 02 2011 @ 02:04pm     Reply  
  • rachel
    @shooter: what this study means is that it is actually possible to be a millionaire in USD in the Philippines. But you need to be extremely smart, talented, and industrious. Luck also plays a part, syempre.
    Sep 02 2011 @ 01:43pm     Reply  
  • @@humpernprole
    IN YOUR DREAMS! hahahahahaha SIGE MANGARAP KA NA! ISAGAD MO! Tutal LIBRE NAMAN< hahahaharnIn Desperate Times We all can dream! Can't We?
    Sep 02 2011 @ 01:14pm     Reply  
  • shooter mcgavin
    Ang nde nila sinasabi....four times that number eh magiging mahirap....pansinin nyo nlang paligid nyo at wag maging bulag...Shootah!rnrn@wowrnnot everyone can affor to dream BIG...minsan kelangan ng puhunan...Shootah!
    Sep 02 2011 @ 09:16am     Reply  
    Dollor and pinag-uusapan dito
    Sep 01 2011 @ 11:25pm     Reply  
  • rachel
    kulang pa to. few rich Filipinos will admit that they're making a lot of money for fear of kidnappings. and the BIR.
    Sep 01 2011 @ 09:14pm     Reply  
  • wow
    Wow, yan lang? Only 38,000 HNI's in a country with a population of over 100 million?rnrnYan ang problema sa Pinoy. Very few have what it takes to dream and dream big.
    Sep 01 2011 @ 06:37pm     Reply  
  • million
    millionaires in nominal terms? although baka with inflation, wala rin masyadong halaga ang 1 million
    Sep 01 2011 @ 05:43pm     Reply  
  • johndeij
    what is the indicators of this study? how is significance?
    Sep 01 2011 @ 05:38pm     Reply  
  • hoping...
    aba eh kailangan makasali ako sa figure na yan, at tama c pm-phd, sana earlier!!!
    Sep 01 2011 @ 05:09pm     Reply  
  • nooni
    millionaire ang popular tag, pero ngayon ang proper term na ginagamit is HNWI or HNI - High net worth individual. and ang basis nito is in dollars. rn@kororo: nice! let's all have that positive vibes.
    Sep 01 2011 @ 04:49pm     Reply  
  • @pm phd
    salamat at ikaw ay nagsisilibing halimbawa na dapat namin tularan. pinakita mo sa amin ang isa sa mga susi upang maging matagumpay....ANG MANIWALA.
    Sep 01 2011 @ 04:19pm     Reply  
  • @humpernprole
    kawawa ka naman at wala ng magandang nangyari sa buhay mo, tularan mo sila sosyalera, pm phd, kororo, atbp dahil sila ay may kumpiyansa sa sarili, at marahil maari ka rin maging matagumpay.
    Sep 01 2011 @ 04:17pm     Reply  
  • @kororo
    you carry a positive attitude. there should be more poeple like you. GOGOGO!!! sasali na rin ako diyan. We will all be millionaires soon.
    Sep 01 2011 @ 04:13pm     Reply  
  • kororo
    No! I believe! Naniniwala ako dito. At nananalig akong isa ako sa magiging milyonaryo. Gogogo!
    Sep 01 2011 @ 03:07pm     Reply  
  • kororo
    Sabi din ng Mayan Prophecy magugunaw na ang mundo ng 2012 eh. Paano yan?
    Sep 01 2011 @ 03:06pm     Reply  
  • lumpenprole
    SO WHAT? gumuginhawa ba ang buhay ng ordinaryong Filipino? nababawasan ba ang bilang ng mga Masang t*ng* ?
    Sep 01 2011 @ 02:40pm     Reply  
  • jake
    The article pertains to millions in U.S. dollars. FYI.
    Sep 01 2011 @ 01:59pm     Reply  
  • doctor jupiter
    is it Philippine millionaire? as in peso or dollars?
    Sep 01 2011 @ 01:49pm     Reply  
  • pm phd
    At least this is something that is nice to read. I wish to be included in the millionaire's club by 2015 (or earlier!).
    Sep 01 2011 @ 12:59pm     Reply  
  • sosyalera
    Feeling ko parang madami pa dapat yung mga milyonaryo sa Pinas.. Mga OFW's nag relatives ko mga milyonaryo na eh, mga artista sa endorsements na lng milyon na TF, mga nakatira sa mga middle class executive subvns, mga condo owners diba milyon ang cost ng mga yan. Kaya sa palagay ko madami talaga, yun nga lang pati mga mahihirap dumadami din. ;-(
    Sep 01 2011 @ 12:21pm     Reply  
  • probinsyano
    Pag may 1million ka eh kasama ka na sa millionaires' club? Sa probinsya namin ang daming mga seaman na milyonaryo.. pag affod mo bumili ng bahay at lupa sa isang middle class subdivision, eh kasama ka na din sa millionaires' club? kse diba mga properties dun eh more than 1mil...
    Sep 01 2011 @ 12:14pm     Reply  
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