Business
Chinese tea chain Chagee CEO becomes a billionaire after US$411 million US IPO
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as…
Tag
Billionaire
Politics
Why Billionaire Trumpers Love This Dire Wolf Rubbish
Burgum’s position is dangerously deranged. Nature itself is “innovating” all the time, but the most important way that humans can save…
Politics
Contributor: Right-wing commentators scrambled to spin Trump's disastrous tariffs
In the wake of reciprocal tariffs landing with all the finesse of a cannonball dive into a hot tub, President Trump has decided to pause…
News
Why billionaire Li-Ka-shing’s Panama ports deal infuriated China
Billionaire Hong Kong tycoon Li Ka-shing has found himself in the middle of the China-US geopolitical tussle after announcing a deal to…
Business
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive…
Business
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in…
Business
Former intern becomes billionaire in Australia pharmacy merger
A corporate tie-up in Australia will produce a parade of fortunes in an industry hardly known for extravagance. More than 100 shareholders…
Business
Hong Kong’s latest bubble tea IPO mints another billionaire
CHINA’S insatiable appetite for bubble tea has spawned another billionaire. Guming Holdings’ US$233 million Hong Kong initial public…
Business
Thai billionaire Charoen to retire as Frasers Property chairman; other board changes announced
FRASERS Property announced on Friday (Feb 7) evening that its board chairman, Thai billionaire Charoen Sirivadhanabhakdi, will retire from…
Culture
Documentarian Alex Gibney Teams Up With a Google Billionaire
At a time when the documentary film business is atrophying, one of the world’s leading documentarians, Alex Gibney, has taken on a…
Politics
'Shadow government'? Billionaire Elon Musk's grip on U.S. government spending raises questions
The world’s richest man, acting as an unelected “efficiency” consultant to President Trump, has in recent days managed the rare feat of…
Business
Billionaire McCourt says he is open to teaming up on a TikTok bid
US BUSINESSMAN Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can…
Business
Trump Will Take Office as a Crypto Billionaire
The Trump family’s new crypto tokens are worth well over $10 billion on paper, after a frenzied rally pushed up the value of the digital…
Business
Rakuten billionaire justifies mobile arm losses with big AI bet
RAKUTEN Group’s chief dismissed sceptics who call the Japanese e-commerce pioneer’s mobile foray a mistake and said the telecom arm is…
Politics
Bill Gates Becomes the Latest Billionaire to Bow Down to Trump
“But I want to protect ourselves, our most recent examples of domestic terrorism were not what we have spent the majority talking about…
Politics
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to…
Politics
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to…
Business
Ultraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks…
News
Trump’s Dubai billionaire ally vows US$20 billion for data centres
SINCE Donald Trump was first elected in 2016, Hussain Sajwani, the head of Damac Group, wanted the world to know he was the US president’s…
Politics
Trump, Dubai billionaire unveil US$20 billion for data centres
PRESIDENT-elect Donald Trump announced an investment of at least US$20 billion from Hussain Sajwani, the head of Damac Group, to build new…
Business
Seven billionaire founders rode India’s IPO boom in 2024
A BLOCKBUSTER year for initial public offerings in India catapulted seven entrepreneurs into the US dollar billionaires league, many of…
Business
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
HUTCHMED (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million as the…
News
Hong Kong’s billionaire Cheng family seeks to sell China toll roads for US$2 billion
THE infrastructure arm of Hong Kong’s billionaire Cheng family is seeking to sell a bundle of roads in mainland China worth about US$2…
News
Billionaire brothers turn US$12,000 loan into empire of cheap toys
AT 18, Nick Mowbray dropped out of college in his native New Zealand and moved to China with his older brother, Mat. The pair spoke no…