Todd Boehly Eyes Expansion in Asia with Eldridge

Todd Boehly, an American tycoon who counts Chelsea Football Club, the Los Angeles Dodgers and the Los Angeles Lakers in his portfolio, said he sees many opportunities in Asia, including Hong Kong and Macau.

The opportunities may lead to a bigger presence in the region for his newly established asset-management firm in the future.

“It’s a giant market and it’s right on the doorstep of [1.4] billion Chinese people,” Boehly said in an exclusive interview with the Post on Monday. “I have to lay the groundwork now – find the team, the people, the plan and the real estate.”

Boehly, 51, said his trip to Asia was to start thinking about the opportunities and “see everything first-hand”. Before arriving in Hong Kong, he was in Tokyo, to see the Dodgers play Major League Baseball games, followed by Seoul. His next stop is Singapore.

Boehly, whose net worth is estimated at US$8.5 billion according to Forbes, is the co-founder, chairman and CEO of Eldridge Industries. The private investment firm’s interests span insurance, asset management, technology, sports and gaming, media and music, real estate and consumer businesses.

In January, Eldridge Industries launched Eldridge, an asset-management and insurance holding company with about US$72 billion in assets under management. The firm has offices in London, Singapore, Abu Dhabi, New York and other US cities.

Boehly said he saw “robust” activity levels in Hong Kong and Macau that interested him.

In Hong Kong, he sees opportunities in fintech and financial services. He said he was thinking about the possibility of bringing the concept of his fintech company PayActiv, which allows employees to access wages before their scheduled payday, to the city.

“I’ve been speaking to people to understand the cycle of payments and how payments work in this part of the world,” he said. “I think there’s an opportunity for a company like PayActiv.”

Boehly, whose net worth is estimated at US$8.5 billion according to Forbes, is the co-founder, chairman and CEO of Eldridge Industries. The private investment firm’s interests span insurance, asset management, technology, sports and gaming, media and music, real estate and consumer businesses.

In January, Eldridge Industries launched Eldridge, an asset-management and insurance holding company with about US$72 billion in assets under management. The firm has offices in London, Singapore, Abu Dhabi, New York and other US cities.

Boehly said he saw “robust” activity levels in Hong Kong and Macau that interested him.

In Hong Kong, he sees opportunities in fintech and financial services. He said he was thinking about the possibility of bringing the concept of his fintech company PayActiv, which allows employees to access wages before their scheduled payday, to the city.

“I’ve been speaking to people to understand the cycle of payments and how payments work in this part of the world,” he said. “I think there’s an opportunity for a company like PayActiv.”

Todd Boehly Eyes Expansion in Asia with Eldridge