James Dyson, founder and CEO of Dyson, UK.
On August 9, 2022, Singapore National Day, he was awarded the "Singapore Friends of Excellence Award" by the authorities.
The "Singapore Friends of Excellence Award" is the highest national honor awarded to an individual by the government of Singapore.
Granted if the following conditions are met:
? "Major contribution" to Singapore's economic growth
? Those who are not naturalized in Singapore
01
Dyson wins national honor
Moved to Singapore with a billionaire
Dyson, who is currently a permanent resident (PR) in Singapore, has how much economic contribution has he made to Singapore?
In 2020, Dyson will be Britain's richest man with a total wealth of 16.2 billion pounds! What concept? Its assets are 46 times that of the Queen of England, equivalent to about 141 billion yuan.
But he made several key decisions at this time.
James Dyson
The official announcement headquarters moved to Singapore
In January 2019, Dyson officially announced that it would set up a global headquarters in Singapore and spend SGD 4.917 billion to build new manufacturing centers in Singapore, the United Kingdom and the Philippines.
Singapore is an important part of Dyson's global investment position, and the media said that it has invested 2.7 billion Singapore dollars in this.
James Dyson
Setting up a Singapore Family Office
In 2020, after Dyson established a family office in Singapore, he began to plan wealth transfer and asset management.
In the first year, Dyson paid a total of ￡600 million in dividends to its Singapore family office twice, making it the company's largest payout of the year.
In January of the following year, Dyson injected 700 million pounds into the Singapore family office through an equity transfer.
The total of three times is 1.3 billion pounds (2.4 billion Singapore dollars), which is about 6.86% of the assets of the Dyson family.
James Dyson
Buying a Luxury Home in Singapore
Dyson has owned several properties in Singapore.
One of the most talked about residences is the super penthouse of Wallich Residence, which was bought for S$73.8 million in June 2019. (now sold out)
In addition to this mansion, Dyson also has a high-quality bungalow in Singapore, which was purchased for over S$41 million in July 2019.
James Dyson
Lee Hsien Loong attended the unveiling of the headquarters
In March this year, Prime Minister Lee Hsien Loong attended and delivered a speech at the unveiling ceremony of Dyson's global headquarters building, which shows the importance Singapore attaches to Dyson's business.
Lee Hsien Loong mentioned that "Dyson's investment will provide exciting job opportunities in the Singapore job market".
James Dyson
Official announcement to continue investing in Singapore
At the unveiling ceremony, Dyson announced that it will invest 1.5 billion Singapore dollars in Singapore in the next four years, and expand the recruitment of more than 250 engineers and technology experts to form a research and development team.
Dyson has moved almost all of his wealth to Singapore over the past few years.
At the same time, his vision for Dyson's business empire is perfectly in line with Singapore's goal of transformation and development for more than a decade.
Therefore, Singapore has awarded Dyson the highest national honor in recognition of his economic contribution to Singapore, which is worthy of the name~
02
how much singapore attracts
The world's richest and international famous enterprises?
Not only high-tech innovation industries such as Dyson, but also the world's five largest vaccine manufacturers in other industries such as biotechnology have gathered in Singapore:
? French pharmaceutical company Sanofi
? German vaccine manufacturer BioNTech
?Modena, USA
?China Biotechnology Co., Ltd. and Singapore Innopharma Group
?China Kexing Group
Among them, Sinovac plans to invest 2 billion Singapore dollars (about 10 billion yuan) to set up scientific research facilities and international business headquarters in Singapore.
Mihayou, the developer of the Internet industry "Genshin Impact", announced that it will open a new headquarters in Singapore.
As for the real estate industry, it is reported that Alibaba Group will participate in the construction of future landmark buildings in Singapore.
Of course, there are many others investing or setting up family offices in Singapore, such as Tencent, ByteDance, Amazon, etc.
Not only are famous companies getting together, but the world's top rich people prefer Singapore.
According to statistics from the Monetary Authority of Singapore, as of the end of 2021, there are about 700 family offices in Singapore, an increase of more than 70% from the 400 at the end of 2020.
These include: Google co-founder Sergey Brin, Bridgewater Fund founder Ray Dalio, Li Ka-shing's Victoria Harbour Investments, Haidilao co-founder Zhang Yong, etc., all of which have set up family offices in Singapore.
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