Singapore is gradually becoming an ideal habitat for global financial and technology elites, which is no coincidence or simple trend-following, but stems from their keen grasp of the unique advantages inherent in this city-state. In fact, forward-looking capital has already quietly flowed here.

TikTok founder Zhang Yiming has chosen to establish his family office in Singapore, a decision that has also been made by more than twenty Chinese billionaires. Other international giants attracted to Singapore include Google co-founder Sergey Brin, inventor James Dyson, and Bridgewater Associates founder Ray Dalio, among others. What kind of wealth magnetism is hidden behind this?

Looking back at history, when Singapore was expelled from the Federation of Malaysia in 1965, the country had almost nothing. Lee Kuan Yew's tearful speech in front of the television was impressive. However, this small island, which lacked water resources, had scarce natural resources, and even had no military of its own, transformed through strategic development into the "Switzerland of Asia".

The key to Singapore's success lies in several strategic decisions: establishing English as the official language in 1966; implementing universal conscription in 1967; making large-scale investments in public housing construction in 1968; focusing on the development of industrial parks in 1969; and founding Singapore Airlines in 1972. Through these forward-looking arrangements, this country has built a solid foundation that can attract global wealthy individuals to settle down comfortably within just about sixty years.

One of the key reasons why global billionaires favor Singapore is its highly competitive tax policy. For example, in Singapore, a business founder earning $500,000 a year only needs to pay about $98,000 in taxes, compared to approximately $225,000 in California or about $230,000 in London. This low tax burden, combined with policy stability, makes Singapore a paradise for wealth management for international elites.