Singapore’s 2,000 Family Offices: Billionaire HQ or Drama Club?
By the end of 2024, Singapore somehow turned into the Times Square for ultrawealthy family offices, jumping tenfold to over 2,000 hubs where millionaire dynasties orchestrate their empires like secretive crime bosses with spreadsheets. Julius Baer's 2025 Family Barometer — yes, that’s a thing — reveals these pricey clubs handle everything from investments to bedtime stories for heirs. Private markets rule 35% of portfolios now, courtesy of next-gen heirs who apparently prefer putting billions into illiquid assets just to flex patience like it’s a virtue. Also, family constitutions and mission statements are now a must — because ruling the money castle without a manifesto is sooo 2023.
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Singapore’s family offices multiplied faster than kids at a billionaire brunch; now with 2,000+ HQs dictating wealth survival like a high-stakes soap opera. Spoiler: It's all about patience in illiquid assets and awkward family constitutions.
Nothing says 'I'm rich and complicated' like creating a family office that handles your wealth, philanthropy, and probably who gets the bathroom key. Singapore leads with 2,000+ of these, proving money can't buy simplicity.
Ultrawealthy prefer private markets because clicking ‘sell’ is overrated, proving even billionaires hate instant gratification—next thing you know, they’ll ban WiFi to savor the 'illiquidity premium.'
Source: Businessinsider | Published: 10/21/2025 | Author: Thibault Spirlet
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