Asian Family Fortunes Defy Geopolitical Headwinds
Combined riches rise by a record 16% to $647 billion in past year
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Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the increasing contribution buyout firms are making to bank revenues and a surge in private capital allocations to insurance-linked securities and catastrophe bonds. But first, we discuss the record growth in the wealth of Asia’s richest clans. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net
Asia’s 20 richest families are growing their wealth at remarkable pace even as conflict in the Middle East roils markets and holds the global economy in thrall.