Dyson’s founder James Dyson is rumored to have moved back to the UK from Singapore.
James Dyson, the founder of Dyson, announced plans to move his headquarters to Singapore about two years ago and then moved to the Star State, but according to the latest filings, the British billionaire has now moved back to the UK.
Bloomberg reports that Dyson himself now lives most of the time in the U.K., according to the filing. Previously, similar filings said that Dyson was focusing more on the Southeast Asian market in 2019, so it announced that it would move its headquarters to Singapore, where Dyson subsequently relocated.
In response to news of Dyson’s move back to the UK, a Dyson spokesperson responded: “We do not comment on private family matters and the company’s outlook has not changed. The structure and corporate philosophy of the Dyson Group remains unchanged.”
Dyson has expanded its Star Kingdom layout over the past two years, not only liquidating companies in the U.K., but also extending family office staff in Star Kingdom, and buying a luxury penthouse apartment in Star Kingdom for about $54 million in 2019, but has pledged to sell it last year.
According to the Bloomberg Billionaires Index, Dyson, now 73, is worth about $29 billion through his stake in Dyson Holdings. Dyson founded Dyson Holdings 30 years ago in Britain and is known for its high-end vacuum cleaners and hair dryers and other home appliances. Two years ago he came under fire from British lawmakers for his plans to relocate the company’s headquarters.
Dyson originally intended to employ more than 2,000 people in Southeast Asia, but said last July it would cut 900 jobs worldwide because of the epidemic.
Dyson said this month that it would move its new global headquarters “very soon” to an old power plant in the Star State.
Dyson previously responded to a British government plan to spend 20 million pounds to develop its own respirators amid a rampant outbreak of Newcastle pneumonia (a Chinese communist virus). But according to the BBC, Dyson responded to the British Treasury and Johnson & Johnson, concerned that bringing employees to the U.K. to manufacture respirators would result in those employees having to pay local taxes.
Johnson later sent a message to Dyson, saying that Finance Minister Sunac had solved the problem and that “Britain needs you (Dyson).
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