{"id":3979,"date":"2026-05-28T17:26:18","date_gmt":"2026-05-28T14:26:18","guid":{"rendered":"https:\/\/bricsmagazine.com\/en\/?p=3979"},"modified":"2026-05-28T17:26:19","modified_gmt":"2026-05-28T14:26:19","slug":"global-billionaires-are-turning-east","status":"publish","type":"post","link":"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/","title":{"rendered":"Global billionaires are turning East"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Hong Kong has overtaken Switzerland for the first time as the world\u2019s largest offshore wealth-management hub.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/www.bcg.com\/publications\/2026\/global-wealth-growth-in-an-era-of-reordering\">According to the Boston Consulting Group<\/a>, assets under management in Hong Kong reached $2.95trn in 2025, narrowly surpassing the volume of cross-border assets managed by Swiss banks. Roughly 60% of those funds originated from mainland China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For wealthy individuals in Asia, Russia and the broader Global South, the shift is highly symbolic: <strong>the centre of gravity in the global private-capital infrastructure is gradually moving from Europe to Asia<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Where wealth was once routinely \u201cparked\u201d in Switzerland, London or Luxembourg, an increasing number of capital owners now favour jurisdictions that are:<br>\u2013 geographically and culturally closer,<br>\u2013 less exposed to Western political pressures and sanctions risks,<br>\u2013 while remaining deeply integrated into global financial markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Against this backdrop, Hong Kong is evolving from China\u2019s financial gateway into a pivotal hub for capital across the wider Asian region. Singapore and the UAE are rising in parallel, reshaping the global wealth-management map in ways that make Western dominance appear far less absolute.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In effect, the global wealth-management industry is beginning to split into two distinct systems:<br>\u2013 a Western axis centred on Switzerland, London and the United States,<br>\u2013 and an Eastern one revolving around Hong Kong, Singapore and Dubai.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rapid accumulation of wealth across emerging markets is only accelerating the trend. BCG forecasts that emerging economies will generate nearly $7trn in new financial wealth by 2030, led primarily by India, China, Brazil and other Global South economies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong has overtaken Switzerland for the first time as the world\u2019s largest offshore wealth-management hub. According to the Boston Consulting Group, assets under management in Hong Kong reached $2.95trn in 2025, narrowly surpassing the volume of cross-border assets managed by Swiss banks. Roughly 60% of those funds originated from mainland China. For wealthy individuals [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1042],"tags":[],"country":[],"authors":[],"class_list":["post-3979","post","type-post","status-publish","format-standard","hentry","category-brics-plus-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global billionaires are turning East - BRICS Business Magazine - EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global billionaires are turning East - BRICS Business Magazine - EN\" \/>\n<meta property=\"og:description\" content=\"Hong Kong has overtaken Switzerland for the first time as the world\u2019s largest offshore wealth-management hub. According to the Boston Consulting Group, assets under management in Hong Kong reached $2.95trn in 2025, narrowly surpassing the volume of cross-border assets managed by Swiss banks. Roughly 60% of those funds originated from mainland China. For wealthy individuals [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/\" \/>\n<meta property=\"og:site_name\" content=\"BRICS Business Magazine - EN\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T14:26:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-28T14:26:19+00:00\" \/>\n<meta name=\"author\" content=\"tjilavian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c\" \/>\n\t<meta name=\"twitter:data1\" content=\"tjilavian\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u043c\u0438\u043d\u0443\u0442\u044b\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/\",\"url\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/\",\"name\":\"Global billionaires are turning East - BRICS Business Magazine - EN\",\"isPartOf\":{\"@id\":\"https:\/\/bricsmagazine.com\/en\/#website\"},\"datePublished\":\"2026-05-28T14:26:18+00:00\",\"dateModified\":\"2026-05-28T14:26:19+00:00\",\"author\":{\"@id\":\"https:\/\/bricsmagazine.com\/en\/#\/schema\/person\/155fb9ba698304055d569345875f872d\"},\"breadcrumb\":{\"@id\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bricsmagazine.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MAIN ISSUE\",\"item\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Agenda\",\"item\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"BRICS+ news\",\"item\":\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Global billionaires are turning East\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bricsmagazine.com\/en\/#website\",\"url\":\"https:\/\/bricsmagazine.com\/en\/\",\"name\":\"BRICS Business Magazine - EN\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bricsmagazine.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bricsmagazine.com\/en\/#\/schema\/person\/155fb9ba698304055d569345875f872d\",\"name\":\"tjilavian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ru-RU\",\"@id\":\"https:\/\/bricsmagazine.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6384657bb2c9c32fd087531761ec3e4feab911d63843056e9fdcdef93d80f65c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6384657bb2c9c32fd087531761ec3e4feab911d63843056e9fdcdef93d80f65c?s=96&d=mm&r=g\",\"caption\":\"tjilavian\"},\"url\":\"https:\/\/bricsmagazine.com\/en\/author\/tjilavian\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Global billionaires are turning East - BRICS Business Magazine - EN","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/global-billionaires-are-turning-east\/","og_locale":"ru_RU","og_type":"article","og_title":"Global billionaires are turning East - BRICS Business Magazine - EN","og_description":"Hong Kong has overtaken Switzerland for the first time as the world\u2019s largest offshore wealth-management hub. 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