Australian billionaire tycoon moves to Singapore

Australian retail and property magnate Brett Blundy is the latest tycoon to be moving to Singapore, according to The Wall Street Journal. 
 
The US publication said on Tuesday it was informed by “people with knowledge of the situation” that the 53-year-old and his wife, Vanessa, have made Singapore their new home.
 
Talks about his anticipated move began late last year when the Blundy family decided to sell off their exclusive Vaucluse compound in November as well as their “two-level penthouse”,according to Australia’s Property Observer.
 
The Australian retail and property businessman is ranked number 33 in Forbes list of Australia’s richest with a net worth of US$ 835 million (SGD$1 billion).
 
The tycoon is also the founder and owner of proprietary company BB Retail Capital which has a wide portfolio of retail companies and properties from Australia encompassing brands such as Diva, Dusk, Adairs and Bras N Things.
 
The company is also a major shareholder in all branches of the retail property called Caringbah Homemaker Centre, which houses big retailers such as Harvey Norman.
 
The Aussie billionaire joins other tycoons who have also called Singapore home in recent years.
 
American investor and author of “Hot Commodities: How Anyone Can Invest Profitable in the World’s Best Market”, Jim Rogers moved to Singapore in 2011 so that his daughters can “grow up speaking Mandarin”.
 
Last year, Facebook co-founder Eduardo Saverin confirmed his move to Singapore and has since renounced his US citizenship, according to Bloomberg.
 
In the same Bloomberg article, coal magnate Nathan Tinkler, 32, has also reportedly moved to Singapore so he can be “closer” to his “investors, financiers and customers” in Asia.