Malaysia Ultra-High-Net-Worth Individuals to Rise 39pc by 2031, Says Report

Malaysia ultra-high-net-worth individuals to rise 39pc by 2031, says report

KUALA LUMPUR, April 28 — Malaysia’s billionaire population is set to grow 39 per cent by 2031, according to Knight Frank’s flagship publication, The Wealth Report. It said Malaysia’s ultra-high-net-worth individuals (UHNWIs) are projected to showcase a five-year growth of 20.1 per cent, from 1,566 individuals in 2026 to 1,881 in 2031, representing a marked increase from the past five-year growth rate of 6.5 per cent (2021-2026). “The rise in UHN…

Malaysia's billionaire class to grow 39% by 2031

KUALA LUMPUR: Malaysia's billionaire population is set to grow 39 per cent by 2031, according to Knight Frank's flagship publication, The Wealth Report.

Malaysia’s 2031 billionaire growth fuels debate over who really benefits

MALAYSIA: Malaysia’s billionaire population is projected to grow 39% by 2031, with ultra‑high‑net‑worth individuals rising 20.1% to 1,881. Knight Frank attributes this to strong economic expansion, resilient ringgit performance, and active capital markets. Kuala Lumpur’s luxury residences grew 1.1% in 2025, while transactions rose 5.4%. Analysts expect mixed outlooks, but prime assets remain resilient amid reforms and global uncertainty. Many so…

Malaysia’s billionaire class set to grow 39% by 2031

The rise in the number of ultra-high-net-worth individuals is attributed to strong economic expansion, supported by the ringgit’s continuing performance and an active capital market.