India’s largest (by population) and in terms of economy most important city as it generates 6% of the country’s total GDP: Mumbai. Additionally, it is India’s wealthiest city with a net wealth of $950 billion with 46,000 millionaires and 26 billionaires. Furthermore, India’s most important financial institutions, such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange have their headquarters in Mumbai, often located in the south making it the “nerve center” of the Indian economy. Along with the rest of India, Mumbai has witnessed an economic boom since the liberalization of 1991, the finance boom in the mid-90s and the IT, export, services and outsourcing boom in the 2000s. Given all these facts it is not a surprise that when taking into account all the private investment companies of high net worth individuals, Mumbai is the #1 to go for Indian single family offices. With the release of our newest database of the largest single family offices in Asia it became quite clear that most of the Indian single family offices have their headquarters in Mumbai. In the following we want to present you three of them.

The mentioned family offices are all part of our list of the largest single family offices in Asia

  • 122 entries, thereof 92 with E-Mail address, 115 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Sharrp Ventures

Sharrp Ventures, as the name suggests, is a venture capital oriented single family office. The man behind is Harsh Mariwala, an Indian entrepreneur, who is the founder and Chairman of Marico, a Fortune India 500 company. Mariwala began his career in 1971 with Bombay Oil Industries which was controlled by his family. In 1990, he founded Marico, a fast moving consumer goods manufacturer and distributor that now has operations in 25 countries across Asia and Africa. The company has built a portfolio of brands in the hair care, skin care, edible oils, health foods, male grooming, and fabric care space. He is also the founder of Kaya Limited, which runs a chain of skin care clinics across India and the Middle East. Forbes estimates his net worth at around $2,3 billion. Sharrp Ventures is dedicated to venture capital investments and acts generally industry agnostic but looking at the portfolio, you can see a slight bias towards the consumer industry. The portfolio includes, for example, HealthKart which offers fitness products, services and community to help consumers achieve their fitness goals. Another example is Wooqer. The company provides an “One App for All Operations” app that enables businesses and teams of all sizes to get actions on ground in-sync with strategy. Digitize paper, excel or informal workflows, Train people & share ideas, all in one place on the Wooqer app.

#2: Omidyar Network

Omidyar Network acts as the personal single family office of American billionaire entrepreneur, software engineer and philanthropist Pierre Omidyar. He is the founder of eBay where he served as chairman from 1998 to 2015. He started his way back in 1988 when he graduated from Tufts University with a degree in computer science. Shortly after, he went to work for Claris, an Apple Computer subsidiary. In 1995, as he was working for a client on a computer code for an online listing, he implemented a simple prototype of eBay in his personal web page, not thinking that anyone ever really would use that service. Surprisingly, the business exploded as correspondents began to register trade goods of an unimaginable variety on his site. Omidyar incorporated the enterprise, the small fee he collected on each sale financed the expansion of the site. In 2020, Omidyar stepped down from the board of eBay as part of a broader overhaul of the company. Today his net worth is estimated by Forbes at around $19 billion. His single family office Omidyar Network invests, besides of investing venture capital into business active in education, information technology and financial technology, a large part into impact driven businesses. Investments include, for example, GramCover. GramCover is a tech-enabled insurance marketplace for rural India. The company focuses on development and brokerage of rural insurance products to farmers. It aims to reduce costs and increase penetration in rural areas by leveraging technology and innovative distribution approach.

#3: Piramal Group

The Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging, serves the private investment and holding company of Ajay Piramal and his family. Ajay Piramal is an Indian billionaire industrialist and the chairman of the group. He holds a bachelor science degree from the University of Mumbai and a masters degree in management from the Jamnalal Bajaj Institute of Management Studies. In 1977, at age 22, Piramal started out in his family’s textile business, founded in 1934 by his grandfather which over the years developed to todays Piramal Group. Today the business is divided into 4 key companies: Piramal Enterprises, Piramal Glass, Piramal Realty and Piramal Foundation. The group actively executes real estate and private equity deals. The real estate portfolio focuses on asset management and project development in the commercial, office and residential sectors. For example, the Agastya Corporate Park is part of the portfolio. In private equity, the group mainly searches for business verticals in the fields of pharma, financial services, real estate, glass packaging and manufacturing. Notable holdings include Piramal Pharma and Piramal Glass.

Picture source: Hardik Joshi

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Being the second-most populous country in South Asia, India’s developing market economy is characterized by cheap labor and highly skilled computer scientists. Since the start of the 21st century, annual average GDP growth has been 6% to 7%, and from 2014 to 2018, India was the world’s fastest growing major economy, even surpassing China. Many global acting companies are increasingly recruiting high potentials from India which drives up India’s importance for international acting private investment offices of the world’s highest net worth individuals, so called single family offices. This reflects the increasing foreign direct investment figures ($64 billion in ‘18-‘19) with service, computer and telecom sectors leading the investment inflows. In our recently released database of the largest single family offices in Asia, many family offices with headquarters in India made it onto our list. With the following article we want to introduce you three of them.

The mentioned family offices are all part of our list of the largest single family offices in Asia

  • 122 entries, thereof 92 with E-Mail address, 115 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Burman Family Holdings, New Delhi

Burman Family Holdings incorporates the single family office of the entire Indian Burman Family which has an cumulated net worth of over $9 billion. The family’s fortune can be traced back to the mid 1880s, when Dr. S.K. Burman, an Ayurvedic practitioner in Kolkata, formulated Ayurvedic medicines for diseases like cholera, constipation and malaria. He went on to set up Dabur India Ltd in 1884 to mass-produce his Ayurvedic formulations. His son, C.L. Burman, set up Dabur’s first R&D unit. The current chairman, Dr. Anand Burman, and vice-chairman Amit Burman, are part of the fifth generation of the Burman family. The Burmans were among the first business families in India to separate ownership from management when they handed over the management of the company to professionals in 1998. Today the company is active in healthcare and in all different kinds of consumer products, such as personal care, skin care, health drinks and so on. The single family office, Burman Family Holdings, is active in venture capital and private equity where it targets health care, financial services, hospitality, education and media sectors. Exemplary investments include, for example, Melorra, an operator of an online jewelry store that is used to offer contemporary jewelry. Its jewelry is made for contemporary wardrobe and uses a hundred percent 3D printing to provide an accurate and elegant finish to products that enable customers to access trendy jewelry at an affordable price.

#2: Catamaran Ventures, Bangalore

Catamaran takes on the financial responsibilities of Nagavara Ramarao Narayana Murthy and serves as his personal single family office. Murthy is an Indian billionaire businessman who co-founded Infosys, a multinational corporation that provides business consulting, information technology and outsourcing services. He graduated from National Institute of Engineering (University of Mysore) with a bachelor’s degree in electrical engineering and a master’s degree from the Indian Institute of Technology Kanpur. Before starting Infosys, Murthy worked at Indian Institute of Management Ahmedabad as the chief systems programmer, and Patni Computer Systems in Pune (Maharashtra). He started Infosys in 1981 and was the CEO from 1981 to 2002. Today the company has 82 sales and marketing offices and 123 development centers across the world, with major presence in India, United States, China, Australia, Japan, Middle East and Europe. The investment office Catamaran Ventures private equity, as well as venture capital investments with no general industry focus. Notable holdings include, for example, Acko General Insurance, an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and logistics related sectors. It has also expanded its catalog and began offering similar policies in healthcare.

#3: Sharrp Ventures, Mumbai

Sharp Ventures serves as the private investment company of Harsh Mariwala, an Indian entrepreneur. He successfully founded a Fortune India 500 company: Marico. Harsh Mariwala began his career in 1971 with Bombay Oil Industries which was controlled by his family. Some years later, in 1990, he founded Marico, a fast moving consumer goods manufacturer and distributor that now has operations in 25 countries across Asia and Africa. The company has built a portfolio of brands in the hair care, skin care, edible oils, health foods, male grooming, and fabric care space. Additionally, Harsh Mariwala founded Kaya Limited, a firm that runs a chain of skin care clinics across India and the Middle East. Forbes estimates his net worth at around $2,3 billion. Sharrp Ventures focuses, as the name suggest, on venture capital investments and describes itself as industry agnostic. But looking closely at the portfolio, you can see a slight bias towards the consumer industry. Portfolio companies include Securens Systems which provides monitoring of intrusion alarm systems for banks, ATMs, vehicles, retail establishments, etc. The company offers central alarm monitoring services, IP based alarm systems services, secure communications, integrated CCTVs services, and two-way audio services to reduce crime and property damage in India.

Picture source: Julian Yu

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China is the world’s most populous country. It has a continuous culture stretching back nearly 4,000 years and originated many of the foundations of the modern world. After stagnating for decades under the rigid totalitarian socialism of founder Mao Zedong, China reformed its economy along partly capitalist lines to make it one of the world’s fastest-growing, as well its leading exporter. China is now a major overseas investor and is pursuing an increasingly assertive foreign and defence policy. Because of those circumstances and the difficulties for foreign investors, many high net worth individuals have to set up investment offices in china in order to be able to participate in the market. With our recently released database of the largest single family offices in Asia we examined and identified some of them. Our results show that the most desired types of investments for single family offices in China are venture capital and private equity. With this article we want to present you three family offices, that have headquarters in China.

The mentioned family offices are all part of our list of the largest single family offices in Asia

  • 122 entries, thereof 92 with E-Mail address, 115 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: YF Capital, Shanghai

YF Capital serves as the single family office of Jack Ma, a Chinese entrepreneur who founded the Alibaba Group. Originally, Jack Ma wanted to become an English teacher, so he studied English at Hangzhou Normal University. He already started his entrepreneurial activities by employing retired English teachers on a part-time basis. In 2006, he graduated from Cheung Kong Graduate School of Business. He earned his fortune mainly through the Alibaba Group, which he founded in 1999 together with 16 partners, his wife and 60,000 US dollars. Today, the company operates the online B2B platform of the same name and the online car dealership Taobao, making it the largest IT company group in China with more than 66,000 employees and revenues of $56 billion. YF Capital is active in making private equity and venture capital investments in the internet, technology, healthcare, entertainment, finance and logistics sectors. Notable investment include, for example, include Whale Cloud and Cjia. Whale Cloud is a global leader in data intelligence technology, committed to helping corporate customers with digitalization. It provides quality solutions to telecom, government and other industry customers in more than 80 countries. Cija.com is a leading long-term residential apartment operator in China. It is committed to creating a modern physical space that integrates apartments, hotels and services for a new generation of young people in major cities in China.

#2: Wu Capital, Beijing

Wu Capital is the private investment firm of Wu Yajun, a Chinese billionaire businesswoman, and the world’s richest self-made woman. She is the co-founder, chairwoman, and former CEO of Longfor Properties. Before she graduated from the Department of Navigation Engineering of the Northwestern Polytechnical University in 1984, she had worked as a journalist and editor before moving into the real estate business. Her job at the China Shirong News Agency, which was controlled by a governmental construction bureau, proved essential for her in building up her network in the government and business world to then launch her career in the real estate industry. In 1995 she founded her real estate company Longfor Properties which grew rapidly, expanding from her home in Chongqing to include major cities like Chengdu, Beijing, Shanghai, Changzhou and Dalian. Today Forbes estimates her net worth around $16 billion. Her single family office, Wu Capital, constantly seeks for venture capital and private equity investments in the fields of high-tech, education, consumption and healthcare but also executes transactions on the capital markets (Funds, Bonds). An exemplary investment is Inipharm, a biopharmaceutical company focused on discovering and developing therapies for severe liver diseases. Another investment is Laiye. The company provides an AI interactive platform that offers consumers and enterprises with intelligent assistant products, developed with natural language processing, multi-turn dialog management, and context-based recommendation technologies. The company’s main product, Wulai, enables enterprises to build chatbots.

#3: Prometheus Capital, Shanghai

Prometheus Capital operates as the private investment vehicle of Wang Jianlin and his family. Wang is a Chinese billionaire business magnate, investor and philanthropist who founded the Dalian Wanda group, China’s largest real estate development company, and the world’s largest movie theater operator. In addition, he owns 15% of the Spanish football club Atlético Madrid. He made most of his wealth through the Dalian Wanda Group that he founded in 1992. The company was “one of the first shareholding companies in the People’s Republic of China” after the economic reform. Today his company owns 21.57 million square meters of investment property, 168 Wanda Shopping Plazas, 82 luxury hotels, 213 cinemas, 99 department stores, and 54 karaoke centers around China. Due to the fact that most of the income sources were directly affected by the corona pandemic, his net worth climbed from over $30 billion in 2017 to around $14 billion in 2020. His single family office Prometheus Capital focuses solely on venture capital investments in the TMT, consumer, healthcare, education, real estate and entertainment sectors. One of the most successful investments is Palantir Technologies which offers a suite of software applications for integrating, visualizing, fighting fraud, and analyzing information. The software allows analysts within and between government organizations to collaborate and to analyze large quantities of data.

Picture source: Zhang Kaiyv

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Melbourne is the capital and most-populous city of the Australian state of Victoria, and the second-most populous city in Australia. Its economy is highly diversified with particular strengths in finance, manufacturing, research, IT, education, logistics, transportation and tourism. Melbourne houses the headquarters of many of Australia’s largest corporations, including five of the ten largest in the country, based on revenue. Furthermore, Melbourne is also an important financial center, for example, two of the big four banks of the country, NAB and ANZ, are headquartered in Melbourne. This attracts also various other kinds of financial institutions, such as the private investment offices of the world’s richest high net worth individuals, so-called single family offices. In our recently released database we identified major key single family offices all over Australia. With this article, we want to present you three of them, that have headquarters in Melbourne.

The mentioned family offices are all part of our list of the largest single family offices in Australia

  • 49 entries, thereof 35 with E-Mail address, 48 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Salta Capital

Salta Capital acts as the personal investment arm of Salvatore Tarascio, an Italian-born Australian billionaire businessman. He made his fortune in the real estate business and currently owns a portfolio consisting of commercial and industrial real estate objects across Melbourne, including a business park, two distribution sites, a large shopping mall and a market. In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst. Prior to entering the property market, Tarascio worked in pharmaceutical sales. Moreover, Salvatore has interests in growing olives and extra virgin olive oil production, with a property located on the Mornington Peninsula, stepping in the footsteps of grandfather who commenced the family tradition of olive pressing. Inside his real estate company Salta Properties, Salta Capital takes care of Salvatore’s venture capital interests. The subsidiary actively seeks for investments in the fields of property development, software, technology, construction, hotels and real estate. An exemplary investment is Fresho. The firm automates the ordering and payments process between suppliers and their customers in the food and beverage industry.

#2: Morris Group Holdings

Morris Group Holdings serves as the private single family office of Chris Morris. The Australian businessman made most of his wealth through the publicly listed company Computershare which he founded together with his sister in 1978. The firm primarily provides stock registration and transfer services to companies listed on stock markets, but also offers technology services for stock exchanges, investor services for shareholders and employee share plan management. Since the inception in 1978, most of the company’s growth happened through oversea M&A transactions. The most recent one was in 2018 when it acquired the Equatex Group Holding AG, the formerly European shares plan business of UBS. Besides of his interests in Computershare, Chris Morris owns a privately held hotel business, the Colonial Leisure Group, which is based in Melbourne. His accumulated net worth including all business activities is estimated to be around $760 million which made him rank #49 in the 2019 Australia’s richest by Forbes. His single family office, the Morris Group, actively invests in real estate projects and private equity, where targeted sectors are renewable energy, technology, transport, hospitality, finance and food & beverages. Regarding real estate, only hotel property is included in the portfolio. Notable holdings include The Ville in Townsville and The Daintree Ecolodge in Daintree.

#3: Allan Moss Investments

Allan Moss Investments takes care of all the wealth and financial related needs of Allan Moss. Allan is an Australian businessman, who was the Managing Director of Macquarie Group, an Australian multinational independent investment bank and financial services company. Moss retired from Macquarie Group in 2008 after a 15-year stint as the CEO. Prior to this, Moss was a director of Hill Samuel Australia and led the team responsible for preparing the submission to the Australian Government to form Macquarie Bank in 1983. He held various positions within Macquarie Bank before becoming CEO in 1993. He had been a director of the company since June 1989. His private investment company, Allan Moss Investments, primarily focuses on venture capital transactions. Preferred sectors are software, technology, consumer, healthcare, financial services, media & entertainment and agriculture. The portfolio includes, for example, Invert Robotics, which develops robotic non-destructive-testing inspection technologies for the maintenance of industrial equipment in the food and beverage, pharmaceutical, and oil and gas industries. Invert Robotics team of engineers has developed a modular inspection platform suitable for use across a range of industries and applications.

Picture source: Denise Jans 

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Singapore is an island and city state and the smallest state in Southeast Asia. It is one of the richest countries (and cities) in the world and counts to the cities with the highest cost of living worldwide. Together with Hong Kong, the state is considered the most important financial center in Asia. Singapore’s low taxes and other incentives for foreign investors qualify it as a tax haven. Resident taxpayers pay a progressive tax on personal income, with a top marginal rate of only 22%. As of the 2019 tax year, the highest tax bracket was defined as incomes above $320,000 U.S. dollars. In addition, it does not tax capital gains and offers tax exemptions for qualifying foreign banks, offshore funds, and global trading companies. That kind of policy, and a location that makes it a gateway for companies hoping to expand into the emerging Asian economies, have made this island city-state a global hub for international investment and commerce. In sum, Singapore provides perfect conditions for single family offices, the private investment firms of the most wealthiest individuals. The research team of familyofficehub recently created a database of the largest single family offices in Asia that, of course, includes Singapore. If you’re interested only in Singaporean family offices you should definitely check out our database of the largest single family offices in Singapore. This article will focus on three single family offices, that have headquarters in Singapore and invest mainly in venture capital. It is no secret that Singapore originates hundreds and thousands of new startups as a result of their government policies. This makes the venture capital landscape in Singapore densely populated. Singapore is popular for being one of the largest tech hubs in Southeast Asia in terms of venture capital investments. According to a study by dealroom.co, venture capital investments have increased sevenfold and only all the fintech startups together already have a combined value of around $108 billion.

The mentioned family offices are all part of our list of the largest single family offices in Singapore

  • 45 entries, thereof 30 with E-Mail address, 42 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Verlinvest Asia

Verlinvest Asia is the personal single family office of Frédéric de Mevius. The de Mevius family controls, together with the Vandamme and Spoelberch families, the Belgian ABInBev group. The company is, measured by sales volume, the largest brewery group in the world and employs more than 170,000 people with 630 brands based in 150 different countries. Global beer production in 2019 was 561 million hectoliters. Prior to Frédéric’s industrial activities he had an investment banking career in London and New York. From 1985 until 1993 he was a Lehman Brothers in New York and London as an Executive Director and between 1981 and 1985 at S. G. Warburg & Co Ltd in London where he held the position of Manager in the International Division. Frédéric holds a BA in Finance and Economics from the University of Louvain-la Neuve. Verlinvest Asia puts a strong focus on venture capital investments in the digital & e-commerce, food & beverage, retail & hospitality, education and healthcare sectors. One exemplary investment of the Asia portfolio is Purplle, an online store selling cosmetics, fragrances, skin, and hair care products. Another portfolio company is Veeba Foods which is engaged in manufacturing and marketing sauces, emulsions, toppings, syrups, etc. and has a strong national distribution network covering most parts of the Indian Landscape.

#2: Enspire Capital

Enspire Capital was founded by Chay Kwong Soon in 1997 and fulfills all his wealth and investment related needs. Most of his fortune comes from co-founding Creative Technology Limited together with Sim Wong Hoo in 1981. The company got successful through the development of modern sound cards, although the product range has recently become increasingly diversified. Today, loudspeakers, MP3 players, webcams and other accessories are also produced. During his time at Creative, Chay Kwong Soon led the effort in building up Creative’s marketing organization in Asia, Europe and Latin America, and manufacturing operations in Singapore, Malaysia, United States and Ireland. During his tenure between 1988 and 1996, Creative’s sales grew from $5 million to $1.2 billion. During that time Chay got in touch with many different startups which laid the foundation for Enspire Capital. The single family office focuses on venture capital and private equity transactions in the technology, media telecommunication, internet, mobile and software sectors and invests directly or via funds. Exemplary direct venture capital investments include The Bouqs and FiscalNote. The Bouqs is a cut-to-order online flower delivery company that offers simple shopping and superior customer service experience. It delivers high-quality, farm-direct, eco-friendly flower stems. FiscalNote uses artificial intelligence to deliver immediate predictive analytics of governmental action to pinpoint impact. Its platform provides real time legislative predictive capabilities as well as enterprise collaboration and visualization tools for data on campaign finance, demographics, news and open data to government relations professionals to help them make faster decisions.

#3: Apricot Capital

Apricot Capital serves as the personal investment company of Singapore’s so named “instant coffee king” David Teo. In the late 80s, the clothing store of Teo’s wife had just failed so that the two were thinking about new business ideas. He got the idea that busy Singaporeans might want an easier and faster way to get their caffeine kick. Soon, his wife and two of her siblings were set up in a 2,000-square-foot instant-coffee packaging operation – the Super Group was incorporated. On the side, he also had a business running in supplying plates for printing presses. In the second year, sales of the instant coffee company nearly reached $3 million. Immediately, Teo began to export to Malaysia, Thailand and Myanmar. Today Super is the second-biggest seller of instant coffee in Singapore and the number one seller in Myanmar, which is the company’s second-largest market. It also ranks near the top in several other Southeast Asian markets, though Swiss food-and-beverage giant Nestlé, which began selling rivalling products in the 90s, is the region’s leading brand by far. David Teo sold the Super Group successfully for $1.45 billion which laid the cornerstone for the founding of Apricot Capital. The family office actively invests in real estate, venture capital, private equity and funds. When looking for new venture capital investments, firms active in consumer, food & beverages, education and software are targeted. The portfolio includes, for example, Geniebook. The firm provides an online, assessment-led learning tool that provides a powerful way to sharpen academic performance of the customers using artificial intelligence. Another example is Popsical, which offers a cloud based karaoke system. It makes use of a licensed cloud-based streaming system to come up with a library of songs, which is updated daily in multiple languages.

Picture source: Guo Xin Goh

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Sydney is the capital city of the state of New South Wales, and the most populous city in Australia. Located on the east coast, the metropolis surrounds Port Jackson, an inlet of the Tasman Sea. The economy is notable for its importance in the areas of trading, manufacturing, finance, education, and distribution in Australia. Furthermore, Sydney is a leading financial center in the Asia-Pacific region. Almost one fifth of the city’s GDP is created by financial services. Moreover, the Creative and Technology sectors are focus industries for the City of Sydney. It is home to the headquarters of the Australian Stock Exchange and the Reserve Bank of Australia and also serves as the regional headquarters for numerous multinational corporations which, of course, also attracts the private investments offices of Australia’s richest high net worth individuals. We identified those single family offices in our recently released database of the largest single family offices in Australia. With this article, we want to present you an insight and introduce three single family offices, that have headquarters in Sydney.

The mentioned family offices are all part of our list of the largest single family offices in Australia

  • 49 entries, thereof 35 with E-Mail address, 48 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: BBRC Capital Management

BBRC takes care of all the financial and wealth related needs of Brett Blundy, an Australian businessman. Brett started his BBRC empire back in 1980 when he purchased a single record store “Disco Duck” which today, after several acquisitions of entertainment businesses, is known as the Sanity Entertainment Group. In 2005 he stepped into the consumer business with the purchase of Diva, a fashion jewelry store with close to 200 stores in Australia and New Zealand and 400 in international markets. Moreover, Blundy owns a 242-foot megayacht called “Cloud 9” and partly runs the BridgeClimb in Sydney, one of Australia’s biggest tourist attractions. Forbes estimated his total net worth at $1.8 billion. BBRC Capital Management mainly seeks for new private equity investments in the retail, consumer, agriculture and technology sectors but also invests through funds. The portfolio includes, for example, Adairs, a specialty retailer of homewares and home furnishings in Australia and New Zealand. It is focused on differentiating its product offering by delivering on-trend fashion products and quality staples. Another portfolio company is Universal Store, Australia’s go-to retail destination location for the latest in youth street and casual fashion. With over 50 retail locations around Australia and growing Universal supplies the latest in Men’s and Women’s fashion from leading fashion brands.

#2: Leda Holdings

Leda Holdings serves as the private single family office of Bob Ell, an Australian property developer and businessman. Prior to founding his real estate development company in 1976, the Leda Group, Ell worked as a carpenter at construction sites. He floated Leda on the Australian Stock Exchange in the late 1980s and privatized the company back in 1990. Today Leda’s head office is located in Sydney and it has business interests in Queensland, New South Wales and the Australian Capital Territory. Bob Ell’s investment and development skills originated in the Sydney industrial property market. Leda’s domination of the Sydney industrial market during the 1980s resulted in its successful expansion across commercial, retail and residential property in NSW, QLD and the ACT. As his single family office, Leda Holdings focuses exclusively on real estate investments in the areas of asset management, project development and construction. Notable holdings include, for example, the Victoria Point Shopping Centre, the Rosemeadow Marketplace and 101 Sussex Street in Sydney.

#3: Grok Ventures

Grok Ventures is the private investment office of Mike Cannon-Brookes, an Australian billionaire and businessman who made his fortune through his software company Atlassian. He founded Atlassian together with Scott Faquhar in 2002 with the simple goal to replicate the then-typical graduate starting salary of A$48,000 at the big corporations without having to work for someone else. The two had met during their studies at the University of New South Wales in Sydney. They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt. In the end their plan somehow worked out and they even bypassed their original goal of earning A$48,000 by far. Today Atlassian is a successful software firm that develops products for software developers and project managers. With over 3,000 employees serving more than 130,000 customers and millions of users, the company is active in six countries and has 9 offices. Mike Cannon-Brookes net worth is currently estimated at $14,3 billion. His single family, Grok Ventures, focuses on venture capital investments in fast growing technology companies active in the fields of technology, software, healthcare, industrial and energy. An exemplary investment is Zoox. The California based robotics company works on autonomous mobility in self-driving cars.

Picture source: Tyler Duston

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The smallest state in Southeast Asia, Singapore, is one of the richest cities and countries worldwide. The island and city state is among the cities with the highest costs of living in the world and forms, together with Hong Kong, the most important financial center in Asia. Significantly low tax rates and many other incentives do their best to make Singapore one of the most desired tax havens for global companies and investors. A progressive tax model with a marginal personal income tax rate of only 22% attracts many high net worth individuals. For example, in 2019, the highest tax bracket was defined as incomes above $320,000 U.S. dollars. Additionally, Singapore does not charge any taxes on capital income and grants various tax exemptions for qualifying foreign banks, offshore funds, and global trading companies. Because of Singapore’s location, that makes it a gateway for companies hoping to expand into the emerging Asian economies, and its moderate tax policy, the city state became a global hub for international investment and commerce that attracts many single family offices. Many of them are featured in our recently released high quality database of the largest single offices in Asia. But if you’re interested only in Singaporean family offices you should definitely check out our database of the largest single family offices in Singapore. These private investment offices of the world’s richest individuals especially seek for real estate investments in Singapore’s flourishing and highly modernized property market. In the following article we want to present three single family offices with headquarters in Singapore that actively invest in real estate.

The mentioned family offices are all part of our list of the largest single family offices in Singapore

  • 45 entries, thereof 30 with E-Mail address, 42 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: AT Capital Group

AT Capital Group serves as the private investment arm of Arvind Tiku, an Indian-born Singapore resident who has interests in oil & gas, property and renewable energy. When he was 18, he left his home country India to study mechanical engineering at the Kazakh National Technical University in Russia. Before he got into the oil and gas business in Kazakhstan, Arvind worked as a commodities trader. Arvind was previously a shareholder and director on the board of Nelson Resources Limited, an oil and gas company listed on the Toronto and London Stock Exchanges. During his career he also worked as the the Managing Director for Central Asia at Marc Rich Investment AG, where he established an international trading division for crude oil and oil products. From 1995 to 1999, Arvind served as founder and General Director for Agro Invest, a grain producing, storage and trading company based in Kazakhstan. Today his net worth is estimated to be around $2 billion (Forbes). His single family office, AT Capital Group, actively invests in private equity and real estate, where investments are made in the residential, commercial, hospitality, natural resources and construction & engineering sectors are made. Notable holdings include, for example, the Bajes Kwartier in Amsterdam, a development project where a former prison complex is going to be redeveloped into a new city district consisting of 1,350 apartments and lots of green and water features.

#2: Apricot Capital

Apricot Capital operates as the private investment office of David Tao, Singapore’s most famous instant coffee producer. He founded his company, the Super Group, in the late 80’s when the clothing store of his wife had just failed. He then thought after new business opportunities and came up with the idea of quick instant coffee for Singapore’s always busy and stressed inhabitants, which were open to a new quick and easy way of getting their daily caffeine kick. Soon, his wife and two of her siblings were set up in a 2,000-square-foot instant-coffee packaging operation – the Super Group was incorporated. After just two years of business, sales almost reached the $3 million mark and David Tao began to export to Malaysia, Thailand and Myanmar. Today Super is the second-biggest seller of instant coffee in Singapore and the number one seller in Myanmar, which is the company’s second-largest market. Teo managed to sell his company for $1.45 billion which provided him the necessary funds to set up his single family office Apricot Capital. The investment company actively invests in real estate, venture capital, private equity and funds. With regards to real estate, the firm is active in asset management, investment and development in the hotel, residential, retail and office sectors. Exemplary holdings include, for example, the I-Park at Senai Airport and “ The Palms” in Cambodia, an in progress luxury residential park.

#3: Royal Group

The Royal Group is the private single family office of Asok Kumar Hiranandani, a Singaporean real estate magnate. Together with his brother Raj Kumar, he founded and operated Royal Brothers, one of Singapore’s most successful real estate companies, for a couple of years until they split the firm in 2011 and divided their property empire. With an estimated net worth of $1,6 billion, he ranked #20 in Forbes Singapore’s 50 Richest 2020. The Royal Group single family office is run by his son, Bobby Hiranandani, who holds a degree in construction management. With the firm he executes deals to follow the goals of asset management and project development in the fields of hotel, retail, office, residential and industrial property classes. Most famous holdings include the SO Sofitel Hotel in Singapore, the Doubletree by Hilton Hotel in Kuala Lumpur and the Royal One Phillip Office Tower in Singapore.

Picture source: Mike Enerio

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A wealthy country, Australia has a market economy, a high GDP per capita, and a relatively low rate of poverty. In terms of average wealth, Australia ranked second in the world after Switzerland from 2013 until 2018. In 2018, Australia overtook Switzerland and became the country with the highest average wealth. Its economy is so strong that it was the only advanced market economy that didn’t experience a recession due to the global financial downturn in 2008. Furthermore, Australia has among the highest house prices and some of the highest household debt levels in the world. All these facts contribute to the increasing formation of single family offices, the private investment companies of the world’s richest individuals, in Australia. In our recently released database of the largest single family offices in Australia we identified the major key family offices of the country. In this article we want to present you three of them, that set their particular focus on venture capital investments.

The mentioned family offices are all part of our list of the largest single family offices in Australia

  • 49 entries, thereof 35 with E-Mail address, 48 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Grok Ventures, Sydney

Grok Ventures acts as the single family office of Mike Cannon-Brookes, an Australian billionaire. He became successful with his company Atlassian that he co-founded together with Scott Farquhar in 2002. The pair met while studying at the University of New South Wales in Sydney. They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt. They both carry the badge of “accidental billionaire” because they founded the company with the simple goal to replicate the then-typical graduate starting salary of A$48,000 at the big corporations without having to work for someone else. Somehow it worked out in the end with the company evolving to a successful software firm that develops products for software developers and project managers. Today, the firm has over 3,000 employees serving more than 130,000 customers and millions of users with nine offices in six countries. Mike Cannon-Brookes net worth is currently estimated at $14,3 billion. His single family office, Grok Ventures, focuses on venture capital investments in fast growing technology companies active in the fields of technology, software, healthcare, industrial and energy. Notable holdings include, for example, Brighte, a credit technology platform offering “Australia’s easiest way” to pay for home energy and home improvements.

#2: Tattarang Pty Ltd, Nedlands

Tattarang serves as the private investment vehicle of Andrew Forrest. The Australian business man is best known as the former CEO of Fortescue Metals Group, but is also active in the mining industry outside the company. Additionally, he operates and owns different cattle stations all over Australia. His career began at the brokerage houses Kirke Securities and Jacksons where he worked as a stockbroker after graduating. In his early 30s, he became the founding CEO of Anaconda Nickel (now Minara Resources), which has since grown to be one of Australia’s single largest mineral exporters. In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group. As mentioned before, Andrew Forrest’s business activities are not limited to the mining industry. Until today he has acquired more than 10,000 square kilometers and a meat processing company (Harvey Beef). Thanks to the overall success of his activities, his net worth today is estimated to be somewhere around $7.5 billion. The Andrew Forrest single family office, Tattarang, actively seeks for private equity and venture capital investments in the fintech, technology, communication and healthcare sectors. The venture capital portfolio includes, for example, Azupay. The fintech provides a digital payment method app that instantly transfers the money from customers to the recipients without any delays or debt processes.

#3: Salta Capital, Melbourne

Salta Capital operates all the wealth related activities of Salvatore Tarascio, an Italian-born Australian billionaire businessman. Tarascio owns a portfolio of commercial and industrial real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market. In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst. Prior to entering the property market, Tarascio worked in pharmaceutical sales. Moreover, Salvatore has interests in growing olives and extra virgin olive oil production, with a property located on the Mornington Peninsula, stepping in the footsteps of his grandfather who commenced the family tradition of olive pressing. Salta Capital, as part of the Salta Properties company, is responsible for Salvatore’s venture capital investments. Preferred sectors include property development, technology, construction, hotels and real estate. An excerpt of the portfolio is, for example, Investorist. The company provides a business to business sales platform for off-the-plan property purchases. They streamline relationships through technology.

Picture source: Brisbane Local Marketing

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One of the richest countries and cities in the world: Singapore. The smallest state in Southeast Asia, an island and city state, counts to the cities with the highest cost of living worldwide and is considered, together with Hong Kong, the most important financial center in Asia. Because of its significantly low tax rates and various other incentives, Singapore is commonly seen as tax haven. With a marginal rate of only 22% on personal income, resident taxpayers pay a progressive tax. As of the 2019 tax year, the highest tax bracket was defined as incomes above $320,000 U.S. dollars. Furthermore, Singapore does not tax on capital income offers tax exemptions for qualifying foreign banks, offshore funds, and global trading companies. Together with a location that makes it a gateway for companies hoping to expand into the emerging Asian economies, Singapore’s policy helped to become a global hub for international investment and commerce. This kind of environment attracts many single family offices, the private investment firms of the world’s most wealthiest individuals. We recently just released our database of the largest single family offices in Asia which also includes Singapore. If you’re interested only in Singaporean family offices you should definitely check out our database of the largest single family offices in Singapore. This article will focus on three family offices that have headquarters in Singapore and actively invest in private equity. In 2019, private equity and M&A activity in Singapore continued to thrive with a total deal value for the year of around $35 billion. This marks an increase by over 125% compared to the year before and shows how important Singapore’s private equity market is.

The mentioned family offices are all part of our list of the largest single family offices in Singapore

  • 45 entries, thereof 30 with E-Mail address, 42 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Apricot Capital

Apricot Capital is the single family office of Singapore’s “instant coffee king” David Teo. In the late 80’s, when the clothing company of David Teo’s wife had just failed, he was looking for new business opportunities to help his wife. He had the idea that the always busy and stressed Singaporeans would be receptive to a new, faster and easier way to get their daily caffeine kicks, which turned out to be true. Some months later, his wife and two of her siblings were set up in a 2,000-square-foot instant-coffee packaging operation – the Super Group was incorporated. In the second year of business, sales reached $3 Million and Teo began to export to Malaysia, Thailand and Myanmar. Today Super is the second-biggest seller of instant coffee in Singapore and the number one seller in Myanmar, which is the company’s second-largest market. David Teo sold his company successfully for $1.45 billion which provided enough capital to found his investment office Apricot Capital. The family office actively invests in real estate, venture capital, private equity and funds. An exemplary private equity investment is Marco Polo Marine Ltd, an integrated marine logistic company with Offshore Supply Vessels as well as tugboats and barges which are being deployed in regional waters to its customers, especially in the offshore oil and gas, mining, commodities, construction and infrastructure sectors.

#2: AT Capital Group

AT Capital Group operates all the wealth management activities of Arvind Tiku, an Indian-born Singapore resident who has interests in oil & gas, property and renewable energy. He left India at age 18 to study mechanical engineering in Russia and worked as a commodities trader before getting into oil and gas in Kazakhstan. Arvind was previously a shareholder and director on the board of Nelson Resources Limited, an oil and gas company listed on the Toronto and London Stock Exchanges. He was the Managing Director for Central Asia at Marc Rich Investment AG where he established an international trading division for crude oil and oil products. From 1995 to 1999, Arvind served as founder and General Director for Agro Invest, a grain producing, storage and trading company based in Kazakhstan. According to Forbes, his net worth is estimated to be around $2 billion. His single family office, AT Capital Group, actively invests in real estate and private equity, where companies operating in the fields of renewable energy, oil & gas and logistics are targeted. An excerpt of the private equity portfolio: Nostrum Oil & Gas Plc, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. The portfolio also includes Mercury Service Company LLP, a company engaged in providing services to the railway industry. Its subsidiary, TEK-Kazakhstan, has a network of 53 storage facilities strategically located in various regions of Kazakhstan. These facilities service the national railway company Kazakhstan TemirZholy. In addition, the company owns 2,750 railcars leased to various companies

#3: Enspire Capital

Enspire Capital serves as the private investment family office of Chay Kwong Soon and was founded in 1997. Chay Kwong Soon made most of his fortune through Creative Technology Limited which he co-founded with Sim Wong Hoo in 1981. The company got successful through the development of modern sound cards, although the product range has recently become increasingly diversified. Today, loudspeakers, MP3 players, webcams and other accessories are also produced. Chay Kwong Soon pushed Creative’s growth massively and built up marketing facilities in Asia, Europe and Latin America, and manufacturing operations in Singapore, Malaysia, United States and Ireland. With his help, the company’s sales grew from $5 million to $1.2 billion (1988 – 1996). During that intense time, Chay got in touch with many different companies and startups from various industries, which inspired him to found Enspire Capital in 1997. The single family office The single family office focuses on private equity and venture capital transactions in the technology, media telecommunication, internet, mobile and software sectors and invests directly or via funds. The private equity portfolio includes, for example, FocalTech. The company focuses on the design, production, and sales of LCD drivers and mutual-capacitive touchpanel controllers. Another example is A10 Networks, which provides computer networking products and security solutions. The company offers controller, firewall, hardware appliances, protection systems, and other networking products.

Picture source: Kirill Petropavlov

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Being constantly ranked second in the world in terms of average wealth per person to Switzerland from 2013 until 2018, Australia overtook Switzerland in 2018. Being the country with the highest average wealth per person, Australia has “produced” many different high net worth individuals until today. The whole combined wealth of Australia amounts to around $8 trillion as of September 2019. The wealthy market economy is flourishing with a GDP of $1.4 trillion in 2019. The economy is one of the most stable worldwide as Australia has been the only advanced country that didn’t suffer from the global financial crisis in 2008. Moreover, Australia has among the highest house prices and some of the highest household debt levels in the world. The just explained environment attracts many high net worth individuals to set up some of their private investment companies, so called single family offices, in Australia. In our new database we collected relevant data and examined the largest single family offices in Australia. In the following article we want to present you three of them that actively invest in real estate.

The mentioned family offices are all part of our list of the largest single family offices in Australia

  • 49 entries, thereof 35 with E-Mail address, 48 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail
  • Last update: 23rd November 2020

#1: Leda Holdings, Sydney

Leda Holdings incorporates the private investment office of Bob Ell who is an Australian property developer and businessman with interests in residential, retail, commercial and industrial property. Before founding the Leda Group, a property development company, in 1976, Ell worked as a carpenter. He floated Leda on the Australian Stock Exchange in the late 1980s and privatized the company back in 1990. Bob Ell’s investment and development skills originated in the Sydney industrial property market. Leda’s domination of the Sydney industrial market during the 1980s resulted in its successful expansion across commercial, retail and residential property in NSW, QLD and the ACT. Bob’s single family office, the Leda Holdings, focuses solely on real estate investments in the fields of asset management, project development and construction. Targeted sectors are commercial, retail, industrial and residential. Exemplary investments include 31 Bay Road in Taren Point, the Ipswich Riverlink Shopping Centre and 13-15 Baker Street in Banksmeadow.

#2: Little Group, South Yarra

The Little Group acts as the personal single family office of Paul Alexander Little, an Australian businessman who was the managing director of Toll Holdings, a well-known logistics provider in the Asian region. He stepped down from his position in January 2016 after 26 years of service. Paul Little started his career at Mayne Nickless where he worked hard and got promoted to a national operations manager. He continued at Peko Wallsend as a consultant where he assessed the desirability of purchasing the Toll Holding and then led the takeover which went on to become a prominent Australian transport services provider. On the side Paul began to purchase new businesses as he got more and more familiar with the acquiring process. He then started to buy two new companies every year between 1989 and 2000. Until today, Paul Little has become one of the richest Australian people with an estimated net worth of $950 million. The Paul Little single family office, Little Group, targets private equity and real estate investments with a focus on asset management and project development in the residential and commercial sectors. Notable holdings include, for example, Hedgeley Malvern East in Malvern and the Grace Victoria Quarter in Auckland.

#3: Cape Boulevard Investments, Perth

Cape Bouvard Investments serves as the private investment arm of Ralph Sarich, an Australian automotive engineer, inventor, and businessman who developed the orbital engine. Sarich made most of his wealth through his inventions and his company “Orbital Engine Company” that he founded in 1972. Before he invented the orbital engine, Sarich worked as an engineer with Western Australian Railways between 1954 and 1963. He was plant engineer at Thiess Brothers between 1963 and 1965, in charge on the standard gauge project. Sarich was sales engineer as well as investor in the area of earth moving and industrial machinery before being regional general manager and an investor. As he developed the orbital engine, he became managing director of Orbital Engine Company Pty Ltd, and chief executive officer and chairman of Orbital Engine Corporation. His invention secured him a net worth of $810 million, according to Forbes in 2019. His single family office, Cape Boulevard Investments, mainly focuses on private equity and real estate investments. In real estate, asset management and project development is the way to go for Sarich in the commercial, office and retail sectors. The portfolio includes, for example, the Alluvion in Perth and the EQ12, also located in Perth.