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Coin Edition 2023-12-11 07:40:16

5,000 SPVs Established in Abu Dhabi by Wealthy Individuals in 2023

Changpeng Zhao, Gautam Adani, hedge fund billionaire Ray Dalio, and Russian steel magnate Vladimir Lisin are among the high-net-worth individuals who have established special purpose vehicles (SPVs) in Abu Dhabi’s international financial center this year. According to Bloomberg, Abu Dhabi is emerging as a “new wealth hub” where the world’s wealthiest individuals secure their assets The post 5,000 SPVs Established in Abu Dhabi by Wealthy Individuals in 2023 appeared first on Coin Edition .

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