Multipolitan's first wealth report – «Navigating the Future of Wealth» – delves into the transformative forces that are reshaping the global landscape. At the core of this shift is the unprecedented transfer of wealth from baby boomers to tech-savvy millennials and zoomers. This will have a profound impact on the financial industry, as the report reveals.
The new generations are at the forefront of a new era, driven by rapid geopolitical shifts, economic volatility and groundbreaking technological advancements. Their investment preferences reflect a highly transnational mindset, strongly focusing on alternative assets such as digital currencies, gold, art and more.
In addition to financial strategies, this generation is also heavily invested in personal well-being, with a growing interest in topics such as preventive medicine, longevity and mental health. Multipolitan’s «Navigating the Future of Wealth 2024» highlights an emerging trend where the preservation of wealth is increasingly intertwined with the preservation of health.
Millennials (Image: Shutterstock)
As the pace of life accelerates, more high-net-worth individuals (HNWI) are prioritizing health initiatives as essential components of their overall wealth preservation strategy, recognizing that well-being is crucial for sustaining both personal and financial legacy across generations.
Emerging Wealth Hubs
Furthermore, the report explores the rising prominence of artificial intelligence in wealth management, a technological revolution that is enhancing both efficiency and precision in investment strategies.
Lee Smith (Image: Multipolitan)
Alongside this, emerging wealth hubs like Malta and India’s GIFT City are positioning themselves as competitive alternatives to traditional financial centers, creating new layers of opportunity and complexity in the global wealth ecosystem.
Working on an Innovative Super App
The founders are also working on an innovative super app as the next phase of their business, designed with a customer acquisition strategy that is very different from its traditional private client services. This super app aims to provide frictionless access to international movement for individuals and families.
Nirbhay Handa (Image: Multipolitan)
Insights From 16 Thought Leaders
«Navigating the Future of Wealth 2024» includes expert insights from 16 thought leaders across three critical themes: alternative investments, wealth preservation, and health and longevity. These contributions offer a forward-looking perspective on the evolving wealth dynamics, providing valuable guidance for navigating the future of finance.
The thought leaders are as follows:
- Alexander Knight, founder of Whisky Cask Club, explores how whisky cask ownership is emerging as an alternative asset class
- Bernadette Rankine, a Singapore-based art expert, shares insights on the dynamic Asian art markets, highlighting India, China, Vietnam and Indonesia
- Kumar Balasingam, founder of Classic Car Club Singapore, discusses how post-war classic cars are becoming a sought-after investment
- Sam Mudie, CEO of Savea, explains the intricacies of wine investing and the importance of balancing producers, vintages and market sentiment
- Paul Rodenburg, co-founder of C2C Solutions, charts the future of cryptocurrencies, emphasizing the roles of stablecoins, DeFi and tokenization
- Joshua Rotbart, CEO of J. Rotbart & Co, highlights gold's role as a diversifier for ultra-HNWIs looking to hedge against global uncertainties
- Dr. Jean-Philippe Chetcuti, managing partner of Chetcuti Cauchi Advocates, presents Malta as an ideal global hub for family offices seeking EU passporting rights
- Rohit Jain and Roopal Bajaj, partners at Singhania & Co., discuss India’s GIFT IFSC as a cost-effective alternative to global financial hubs
- Antoine Bracq and Varun Kalsi from Lighthouse Canton explore the transformation of Asia's high net worth families and their evolving wealth strategies
- Nakul Beri, senior managing director at Waterfield Advisors, examines the changes affecting India’s high net worth families in today’s global environment
- Tim Searle, an international tax expert, explains the impending UK tax reforms and their impact on international wealth management from April 2025
- Shub Jain, co-founder and CTO of Auquan discusses how AI technologies are revolutionizing data utilization in wealth management
- Dan Whang, CEO of GSG, talks about the role of blockchain in tokenizing real-world assets to bring transparency and liquidity to investors
- Marcel Daane, mental well-being coach, highlights the growing importance of mental health for business leaders and its link to long-term wealth
- Declan Halpin, chief commercial officer of UFIT, discusses the emerging focus on longevity and quality of life as a new asset class for high net worth clients.
- Dr. Hishamuddin Badaruddin shares insights on preventive medicine and the importance of consistency in maintaining health amidst demanding lifestyles
A central theme throughout the report is the question of where successful individuals will establish their bases in the future. In a globalized, multipolar world full of opportunities and uncertainties, mobility is becoming essential for a life defined by freedom and flexibility.
The report discusses how alternative residences, once driven by families from emerging markets, is now rising among affluent individuals in Europe and the US. Policy shifts like the UK abolishing the non-dom residency scheme, France's new tax rules and election results in the US are prompting many to seek fresh jurisdictions.
Modern Life Should Not Be Constrained By Geography
Sandeep Jain (Image: Multipolitan)
Multipolitan’s advisory services span across citizenship by investment, citizenship by descent, residence by investment, nomad visas, skill-based & talent visas, startup visas and government advisory. Sandeep Jain, senior managing partner at Multipolitan, emphasizes that the company was built on the belief that modern life should not be constrained by geography.
According to Jain, the right to explore new opportunities and secure a future beyond borders is fundamental to every individual and the firm’s mission is to make global mobility seamless, accessible, and empowering for all.
Ever-Changing and Unpredictable World
With «Navigating the Future of Wealth 2024», Multipolitan reinforces its commitment to providing cutting-edge, insightful content on private wealth trends, delivering valuable perspectives to its audience in an engaging and thought-provoking way.
«The utility of holding an alternative residence will soon surpass the utility of owning a car,» said Multipolitan CEO Nirbhay Handa, highlighting the growing importance of mobility and access to material possessions in an ever-changing, unpredictable world.
Multipolitan was co-founded in 2024 by Lee Smith and Nirbhay Handa. Smith is an accomplished entrepreneur who sold his business, Paidy, to PayPal for $2.7 billion in Japan while Handa is the former group head of business Development at Henley & Partners. Positioned as the premier platform for international mobility, Multipolitan offers access to over 50 immigration programs.
