Asia leads in family office growth, wealth creation

Asia Pacific is now the world’s leading engine of wealth creation and family office formation, with 78% of its family offices established in the past 15 years, nearly double the rate in Europe and North America, according to AlTi Tiedemann Global and Campden Wealth’s latest report. The region has a high proportion of first-generation wealth holders, with 80% owning operating businesses often tied to their family offices. Despite relatively low tech spending, Asia leads in artificial intelligence adoption, with half of family offices using AI tools. However, 36% still rely on spreadsheets. Succession planning remains underdeveloped, though next-gen engagement and defining the purpose of wealth are rising in importance. The findings are part of a survey of 146 family offices across North America, Europe, and Asia Pacific.