Singapore is a sovereign island city-state in Southeast Asia, just off the southern tip of the Malay Peninsula.
As one of the most developed countries, Singapore has one of the highest-GDP per capita in the world, the only Asian country with an AAA sovereign rating from all major rating agencies, one of the world's major financial and shipping hubs, and consistently ranked the most expensive city to live.
However, Singapore is also known as a tax haven.
As one of the most alluring countries, the economy in the country is regarded as free, innovative and dynamic.
Singapore that is active in seeking the world’s wealthiest people to its shores for them to invest, is getting one famous tech figure joining the uber-rich on the island.
That person is Google co-founder Sergey Brin.
In Singapore, Brin has set up a branch for Bayshore Global Management, his family office that operates Passerelle Investment Co., a real estate firm..
Bayshore that is also Brin's wealth management advisor that handles his fortunes, also runs the Brin Wojcicki Foundation, which disburses charitable donations and supports human rights.
While Brin is already divorced from Anne Wojcicki, the two still jointly run the foundation.
In Singapore, the office appoints Deputy Chief Investment Officer Marie Young as the director of the unit.
According to the Bloomberg Billionaires Index, Brin is at this time, the eighth richest person in the world with a net worth of $92 billion.
By setting up a branch for his family office in Singapore, Brin is also taking advantage of Singapore's political stability, high security, and generous incentives for family offices.
As of October 2020, Singapore has about 200 single-family offices overseeing assets worth around $20 billion, according to the government.
According to the documents filed with the regulator, the main focus for Brin's Bayshore Global Management Singapore office is to manage his family investments.
Sergey Brin and Larry Page founded Google, a search engine originally named "Back rub", in 1998.
Google is then a unit of Alphabet, Inc..
As the company expanded globally, Brin's wealth also increased.
After stepping away from active management of the company, Brin has been focusing on more personal projects.
For example, he and Page are trying to solve the world's energy and climate problems, by investing on the alternative energy industry to find more sources of renewable energy.
Brin also invests in the development of smart cars powered by AI, an investor in Elon Musk's Tesla Motors, investor in a space tourism company.
While Brin and Page aren't anymore involved directly with Google and its parent company Alphabet, the two still own super-voting shares, which is giving them control.