Hey expats. What do 47 millionaires have in common? That’s right, they read Money Abroad 🔥 

Welcome to the first-ever edition of our quarterly expat net worth report! 🎉 

Today in 10 minutes or less, you’ll learn:

• 🤩 Who were new subscribers in Q1 2023

• 📈 Net worth and income insights

• 💎 Asset allocation for Singapore expats

P.S. If you have been getting value, share Money Abroad with just one friend today: 🙏 

💸 Expat Net Worth Report Q1 2023

At the start of every quarter, I aim to publish a net worth snapshot from the previous quarter’s new subscriber cohort.

My goal is to provide expats with a transparent, up-to-date resource on net worth and income data from their peer group.

As far as I know, you won’t be able to find this data anywhere else (not publicly anyway).

All numbers below are self-reported in USD

🍫 Quick bites

• 313 expats completed the onboarding survey in Q1 2023*

• ~$127M aggregate net worth 🤯 

• ~$50M aggregate annual gross income

• Live in 40 residence countries around the world, hailing from 58 origin countries

*survey created on February 18th

Demographics

Residence countries (top 10)

1. Singapore

2. United States

3. Australia

4. Canada

5. Indonesia

6. Malaysia

7. United Kingdom

8. Vietnam

9. UAE

10. Netherlands

Origin countries (top 10)

1. United States

2. India

3. Singapore

4. Australia

5. Indonesia

6. Malaysia

7. United Kingdom

8. Canada

9. Hong Kong

10. France

Age: 83% fall within 25-44 age range, including 56% within 26-34

Gender: 1/3 female, 2/3 male

Financial knowledge: 57% intermediate, 33% beginners, 10% advanced

Net worth

Alright, let’s dive into the juicy stuff.

55% of expats have at least $100k in wealth, while 27% have under $50k.

What surprised me: 15% are millionaires! 🤯 

Breakdowns by age, country, gender, knowledge