“We do not comment on private family matters and nothing has changed in respect of the company,” said a Dyson spokesperson. “The structure of the group and the business rationale underpinning it are unaltered.”
Dyson, 73, is worth about US$29 billion through Dyson Holdings, the closely held company he founded in the UK three decades ago, according to the Bloomberg Billionaires Index.
He’s bolstered his presence in Singapore in the past two years, liquidating UK companies and hiring staff in Singapore for his family office. He paid about US$54 million in 2019 to acquire a penthouse in the city-state but sold it at a loss late last year.
Dyson, a Brexit supporter, faced criticism from UK lawmakers for relocating his company. The firm previously said it intends to hire more than 2,000 people in Southeast Asia over the coming years but said in July it will cut 900 of its 14,000 jobs globally due to the pandemic.
The company said this month it will “shortly” move into a new global headquarters at an old power station in Singapore.
