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Asia’s rich lack succession plans as wealth nears $129 trillion
The Straits Times
|November 13, 2025
Asian private wealth is projected to reach US$99 trillion (S$129 trillion) by 2029, yet many of the region’s wealthiest families are unprepared for the handover of their soaring fortunes, according to a report on Nov IL.
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Nearly half of the region’s first-generation wealth holders have not made proactive succession plans, according to research by UOB Private Bank, Boston Consulting Group (BCG) and the National University of Singapore.
They found that many make plans only when forced to, with 37 per cent waiting for a health crisis and 43 per cent acting only when business circumstances demand it.
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