06/05/2020
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
The two hotels came to the limelight last week after the management announced it was firing all the employees, citing the effects of the Coronavirus pandemic.
Extremely Wealthy
06/05/2020
US billionaires' wealth soars during pandemic
Tesla Chief Executive Elon Musk's net worth also rose $14.1 billion.
06/01/2020
A look at Stanley Ho’s foray into high-end Singapore property
The Hong Kong-listed company’s foray into Singapore’s high-end property market may have been unorthodox because of unfamiliarity with local norms
05/29/2020
Billionaire drops control of fortune to take charge of world's biggest wealth fund
As part of his contract, Tangen has agreed to forfeit control of his personal fortune, which is estimated at over $US860 million ($1.3 trillion).
05/29/2020
China's rich skirting Hong Kong to seek asset safety elsewhere
He said his bank had begun receiving inquiries from Chinese high net worth individuals (HNIs) about opening accounts outside Hong Kong.
05/28/2020
Why Warren Buffett’s net worth has cratered in 2020
If I were a shareholder in Berkshire Hathaway, I would feel very comfortable knowing Buffett has over US$130 billion ready to go in these uncertain times.
05/28/2020
Chinese delivery mogul's wealth doubles to US$10b in months
Mr Wang relied on deals and expansion to turn what started as a Groupon-type service into a food delivery giant that now also spans food reviews and in-store dining services.
05/27/2020
Asia’s gambling king, dead at 98
He is survived by 15 of the 17 children
05/26/2020
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
05/26/2020
The Billionaire Classes: Innovators And Inheritors
In Europe, inherited wealth still makes up the majority of billionaire wealth, while the growth in US billionaires has been driven by self-made wealth.
05/26/2020
Want to become a billionaire? Here are the industries that produce the most ultrawealthy people
James Dyson is one of only 3.9% of wealthy people who made in their fortune in construction or engineering, Wealth-X reports.
05/25/2020
Gold fittings, a banquet hall, anti missile system and a lot more – Take a look inside Chelsea F.C. owner Roman Abramovich’s $80 million private jet
The luxurious aircraft comes with a complete kitchen outfitted with double sinks, cabinets, drawers, etc.
05/25/2020
Kakao’s Brian Kim (Kim Beom-su) is $1.2 billion richer thanks to social distancing
In 2014 Kakao acquired the country’s No. 2 search engine Daum in an all-stock transaction worth $3.3 billion.
05/25/2020
Asia’s Rich Brush Aside Risk to Buy Chinese Developer Debt
Still, there’s confidence that Beijing won’t allow a property collapse at a time of slowing economic growth.
05/22/2020
American billionaires got $434 billion richer during the pandemic
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains.
05/21/2020
Kylie Jenner, the worlds youngest self made billionaire has bought her fifth mansion – A $36.5 million home in LA
This massive new property is nestled in one of the coveted areas of Los Angeles, called Holmby Hills. Kylie’s new home looks fit to impress a ‘King Kylie’ as it measures up at 15,350 square feet and spans over one floor.
05/21/2020
Asia’s Richest Man Is Trying To Build The Next Global Tech Giant
JioPlatforms already has an ecosystem of apps — which feature everything from online grocery shopping to video streaming — that it serves to the 388 million people subscribed through the Reliance Jio mobile network in India.
05/15/2020
Could Jeff Bezos become the world's first trillionaire?
Amazon has reported $75.5 billion in revenue for the first quarter of 2020
05/15/2020
Lewis Hamilton Named Britain’s Wealthiest Sports Star
Hamilton’s wealth rose by £37 million ($45 million) over the past year, thanks to a lucrative ongoing contract with Mercedes, taking him past the £200m mark boasted by David Beckham at the time of his retirement in 2013.
05/13/2020
Andrew Lloyd Webber still top of rich list despite ‘£20m hit’ from pandemic
Lord Lloyd-Webber’s LW Theatres showed assets of £63 million in 2018-19, with the separate Really Useful Group Investments making profits of £7 million on turnover of £61.4 million.