Wealthy individuals in Malaysia increased by 68.000 in 2015

KUALA LUMPUR: The number of wealthy individuals in Malaysia will have more than doubled from 32,000 now to 68,000 people in 2015, with a net worth grew by U.S. $ 140 billion to U.S. $ 330 billion.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, said an impressive number of confidence in the robustness and sustainability of economic growth in Malaysia.
He also said the country must develop its domestic investment management industry that can manage not only domestic wealth but also the wealth in the Asia Pacific region.

Ahmad Husni said the wealth management industry is the fastest growing financial services in Malaysia and Southeast Asia.

In this regard, setting 2013 as the management of International Business and Financial Centre (Labuan IBFC) is timely, he said at the launch of the 2013 Wealth Management IBFC today.

He said this initiative will support the growth of domestic investment management industry.

Commenting on a related matter, Ahmad Husni said Malaysia would be able to maintain high growth this year as it received a lot of investment.
"In terms of gross domestic product, domestic consumers are actually very strong, in fact is the main source of public investment and government investment.

"So, for the future, we are confident that we can sustain growth this year," he said, adding that the government believes in careful that economic growth will hover around 4.5 per cent to five per cent.