Indonesia to outpace China in rise of crazy rich as COVID abates


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Luxury shopping in Jakarta: Indonesia is projected to see a 67% annual increase in the ranks of its superwealthy through 2025. © Getty Images DYLAN LOH, Nikkei staff writer February 24, 2021 15:00 JST | Southeast Asia Copy Copied SINGAPORE -- Indonesia is projected to outpace China when it comes to the growth rate of the superwealthy set, as rollouts of COVID-19 vaccines support economic recoveries. London-based consultancy Knight Frank's forthcoming Wealth Report 2021, to be officially released next Tuesday, shows Southeast Asia's largest economy is expected to see a 67% annual rise in the number of people becoming ultra-high-net-worth...