July 13, 2021, 05.05 PM

JAKARTA, KOMPAS.com - The number of rich and super-rich individuals in Indonesia has been increasing amid the ongoing struggle against the Covid-19 pandemic, the latest global wealth report said.  

The Swiss investment bank Credit Suisse reported that the Indonesian citizens who have an average net worth of $1 million or more reached 171,740 in 2020 or up 61.69 percent from 106,215 in the previous year.  

The report also noted that the number of very rich Indonesians whose fortunes hit more than $100 million reached 417 individuals or up 22.29 percent in 2020 as compared to the previous year. 

Also readIndonesia’s Economy Shrinks 0.74 Percent in Q1

“We carried out calculations using a regression-based approach for 144 countries in the world. Separate regressions were carried out to examine financial assets as well as non-financial assets and liabilities," Credit Suisse reported on Monday, July 12.

Meanwhile, Indonesia's senior economist Faisal Basri said the increasing number of the rich and the super-rich was a contradiction, especially when Indonesia has fallen into a recession due to the Covid-19 pandemic.

"This pandemic has caused the Indonesian economy to decline. However, the number of adults with assets above $1 million also rose sharply by 61.7%," said Faisal in the @FaisalBasri Twitter handle. 

(Editor: Erlangga Djumena)

Source: https://money.kompas.com/read/2021/07/13/050600726/selama-pandemi-jumlah-orang-kaya-indonesia-bertambah-banyak

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.

Latest Video Video Lainnya >

Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

November 28, 2022, 05.16 PM

Death Toll from Indonesia Quake Rises to 321

November 24, 2022, 05.14 PM

Malaysia: Opposition Leader Anwar Ibrahim Named PM

November 18, 2022, 10.31 PM

Indonesia Reports over 6,600 Daily Covid-19 Cases

November 18, 2022, 09.57 PM

6.9-Magnitude Quake Strikes Off Western Indonesia

Close Ads