Latest news with #TheWealthReport2025
Business Insider
13-08-2025
- Business
- Business Insider
Multipolitan's Wealth Report 2025: reveals top cities where high-net-worth Nigerians can thrive amid rising global taxes, policy shifts, and climate change
The findings provide timely intelligence for Nigerian investors, emerging high-net-worth individuals, and wealth managers navigating an increasingly complex economic environment. As Nigeria's private wealth segment expands and more families build cross-generational assets, the report offers a practical framework for identifying jurisdictions that offer not just low tax exposure, but long-term access to international markets, regulatory certainty, and sustainable wealth structures. The report introduces the inaugural Tax Friendly Cities Index 2025, ranking Abu Dhabi and Dubai in the top two positions globally. These cities were recognised for their investor-friendly tax regimes, legal stability, and strong governance. Singapore secured third place, reinforcing its position as a trusted hub for globally mobile families. Five other Gulf cities: Manama, Doha, Kuwait City, Riyadh, and Muscat, were also listed among the top 20, affirming the Gulf Cooperation Council (GCC) region's growing significance as a destination for high-net-worth individuals and families prioritising fiscal efficiency and regulatory clarity. The report identifies cities that combine favourable tax systems with broader economic and legal frameworks essential to long-term wealth planning. It also includes two additional indices: the Wealth Preservation Cities Index (2015–2025), which ranks Zug, Hong Kong, and Basel as the cities that best preserved purchasing power over the last decade; and the Smart & Sustainable Cities Index 2025, where Wellington, Copenhagen, and Singapore are recognised for their climate resilience, digital infrastructure, and future-focused planning. 'After a decade in private banking, one truth has stuck with me: where you place your wealth can matter just as much as how you grow it. The UAE & Singapore aren't just attracting capital, they're protecting it through fiscal prudence and stable governance.' Nicholas Michael, Group Head of Market Development, Multipolitan The report is particularly relevant to Nigerian families who are increasingly exploring global mobility, not simply for migration purposes, but as a strategy to secure access to international markets, educational opportunities, and asset protection. 'Wealth that sleeps in uncertainty isn't wealth - it's risk. For Nigerian families with foresight, the focus has shifted from chasing returns to securing resilience. Cities like Singapore, Abu Dhabi, Doha, Wellington, and Copenhagen top Multipolitan's indices for their governance, stability, and future readiness. We help families gain residency in cities that reflect these values.' In addition to city rankings, The Wealth Report 2025 includes expert commentary from leading professionals in tax, wealth strategy, and cross-border planning, including former partners from EY, Deloitte, and BDO. Their perspectives cover topics such as compliance in a transparent world, AI-driven tax strategy, and new jurisdictional opportunities across Europe, North America, and the Middle East. The report reflects a growing trend among high-net-worth families: global wealth planning now requires flexible structures, jurisdictional insight, and the ability to respond proactively to changing international regulations. About Multipolitan Multipolitan is the world's first and only product-driven global migration platform that simplifies international travel, relocation, business setup, and asset management for borderless enthusiasts. Launched in 2024, Multipolitan was co-founded by Nirbhay Handa, a former Group Head at Henley & Partners, and Lee Smith, co-founder, who previously founded payment unicorn Paidy, which was acquired by PayPal for US$2.7 billion. The Taxed Generation - Video
The Sun
06-05-2025
- Business
- The Sun
Family offices worldwide are betting on real estate
KUALA LUMPUR: Family offices worldwide are increasing their exposure to real estate, recognising its potential for long-term growth and wealth preservation, according to The Wealth Report, Knight Frank's flagship publication. Between November and December 2024, Knight Frank conducted in-depth interviews with 150 single and multi-family offices globally. The survey panel included 121 single-family and 18 multi-family offices, alongside 11 heads of more diverse structures. Representing 29 cities across Asia, Europe, the Middle East, and the Americas, participants were drawn from key financial hubs such as London, Singapore, New York, Geneva, Sydney, and Hong Kong SAR. The surveyed family offices (FOs) collectively managed over US$84 billion in assets, with an average US$560 million in assets under management (AUM). Approximately 40% of these FOs had operating businesses with a specific focus on real estate. Real estate allocations have increased in the past 18 months, with 28% of family offices expanding their portfolios, compared to only 17% reducing their exposure. The most prominent sectors in current portfolios include offices (20%); luxury residential (17%); industrial (14%) and hotels (12%). Knight Frank global head of research Liam Bailey said: 'Despite ongoing macroeconomic challenges, real estate remains a key pillar of investment strategies for family offices. Our survey shows that 44% plan to increase their exposure to real estate in the next 18 months, while only 10% expect to scale back. The living sectors (14%), industrial/logistics (13%), and luxury residential (12%) are the top three areas of focus for future investments.' Malaysia is actively positioning itself as a leading regional hub for family offices, leveraging its strategic location, robust financial infrastructure, and evolving regulatory framework. The Malaysian government is offering incentives to attract ultra-high-net-worth individuals (UHNWIs) and family offices. According to the Malaysian Investment Development Authority (Mida), Malaysia's growing reputation as a wealth management hub is reinforced by tax-friendly policies and diversified investment opportunities. The government has streamlined regulatory processes and introduced tax incentives to encourage family office participation, particularly in real estate and private equity. These efforts aim to increase foreign direct investment and strengthen Malaysia's position as a financial hub. Malaysia stands to benefit from the findings of The Knight Frank 150, a special family office survey conducted for The Wealth Report 2025. The survey, which included 150 global family offices managing over US$84 billion in assets, revealed that 44% of family offices plan to increase their real estate allocations over the next 18 months, with strong interest in commercial, industrial, and luxury residential properties. Knight Frank Malaysia Group managing director Keith Ooi said: 'Malaysia's vision of becoming a family office hub is supported by its strong real estate fundamentals and competitive investment landscape. Kuala Lumpur continues to attract wealth management firms, while Johor is gaining traction among investors seeking strategic opportunities in luxury residential and industrial assets.' Johor is emerging as a key destination for real estate investment, driven by its strategic location near Singapore and its growing industrial and logistics sectors. The rapid expansion of e-commerce and regional trade has fuelled strong investor interest. With increasing cross-border capital flows, Johor is strengthening its position alongside Kuala Lumpur as a prime hub for family office investments. Malaysia remains an attractive destination for family offices and high-net-worth individuals seeking diversification in real estate. The country's strong infrastructure, expanding economy, and stable property market make it a strategic choice for long-term investments. Knight Frank Malaysia Land & industrial solutions executive director Allan Sim (pic) remarked: 'Industrial and logistics real estate emerges as one of the top sectors for family offices seeking strong and sustainable investments with a long-term redevelopment angle. Malaysia's geographical advantages and proliferating infrastructure continue to drive stable demand for high-specification and sustainable industrial facilities, particularly in Greater KL, Johor and Penang. As global supply chain continues to refine due to geopolitical uncertainty coupled with the government's effort in attracting FDIs into the country, industrial and logistics real estate should remain resilient.' Ooi added: 'Beyond industrial assets, Malaysia continues to see strong demand for premium office spaces and luxury residences, particularly in key urban centers. Investors are drawn to well-located, high-quality developments that offer stable returns and long-term value.' Among family offices actively involving the next generation, 47% have observed some strategic shifts, while 18% report significant changes. A clear trend is emerging where 63% of millennials have already allocated capital toward sustainable investments while only 35% of baby boomers have done the same. These findings highlight the evolving investment landscape, with younger generations shaping new strategies, particularly in ESG-focused real estate and impact investing. Malaysia's efforts to establish itself as a family office hub align with global trends in wealth management and real estate investment. With strong regulatory support, financial incentives, and a maturing investment landscape, the country is well-positioned to attract more family offices seeking stability, diversification, and long-term growth opportunities.
Times of Oman
06-03-2025
- Business
- Times of Oman
Number of high-net-worth Indians set to rise towards 94,000 by 2028: Report
New Delhi: Indians who can be considered high-net-worth individuals are projected to increase by 9.4 per cent by 2028, according to a report by global consultancy firm Knight Frank. High-net-worth individuals are those with assets exceeding USD 10 million. Knight Frank's flagship, The Wealth Report 2025, forecasts ultra-rich Indians at 85,698 in 2024, which is expected to rise to 93,753 by 2028. According to them, this rise highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation. In 2024, the number of Indian HNWIs increased by 6 per cent year over year to 85,698 from 80,686 in 2023. According to the report, India is home to 3.7 per cent of the wealthy individuals globally and currently ranks fourth after the US (905,413 HNWIs), China (471,634 HNWIs), and Japan (122,119 HNWIs). The number of ultra-rich globally rose by 4.4 per cent in 2024 to 2,341,378 from 2,243,300 a year earlier. While North America leads in numbers this year, growth was recorded across all world regions. Asia saw the second-highest increase, at 5 per cent, followed by Africa at 4.7 per cent, Australasia at 3.9 per cent, the Middle East at 2.7 per cent, Latin America at 1.5 per cent, and Europe at 1.4 per cent. The US is home to almost 39 per cent of all wealthy individuals globally, nearly twice the level of China. India is now home to 191 billionaires, 26 of whom joined the ranks in just the last year, compared to just 7 in 2019. The combined wealth of Indian billionaires is estimated at USD 950 billion, ranking the country third globally, behind the US (USD 5.7 trillion) and Mainland China (USD 1.34 trillion). Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries."
