Every Singaporean is lossing $27k

According to the recent reports that GIC losses $50 billion and Temasek losses $58 billion, these translate to SGD $100 billion loss! Out of curiosity, I check out how much population we have at SG Gov Stat, during 2008, we have 4839k resident, or 3642k Singaporean + PR.

So I do a simple calculations ($100 billlion, too many zeros, let me know if I calculate wrongly):

Every resident (include foreigners at Singapore):
$100 000 000 000 / 4,839,400 = $20,663

Every Singaporean + PR:
$100 000 000 000 / 3,642,700 = $27,452

Each of us is lossing $27,452. I mean if the government distribute that money out, each of us can get $27k. That is more than the annual pay of many! Amazing. I hope I calculate wrongly. Am I?


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