This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Lucio Tan NOEL CELIS/AFP/GETTY IMAGES This story is part of Forbes’ coverage of Philippines’ Richest 2022. See the ...
Tag: Tycoon
Ports And Casino Tycoon Enrique Razon Jr. Bets $3 Billion On Green Energy
This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Enrique Razon Jr. ICTSI This story is part of Forbes’ coverage of Philippines’ Richest 2022. See the full list here...
Tycoon Dennis Uy’s Debt-Laden Udenna Sells Malampaya Stake To Billionaire Enrique Razon’s Firm
Dennis Uy, chairman and CEO of Udenna Corp., speaks during a Bloomberg round-table discussion in … [+] Manila, the Philippines, on Monday, March 5, 2018. Photographer: Veejay Villafranca/Bloombe...
Tycoon Whose Bet Broke the Nickel Market Walks Away a Billionaire
(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Most Read from Bloomberg Futures had ju...
Tycoon Lim Kang Hoo’s Ekovest To Build $447 Million High-Speed Rail Linking Malaysia To Singapore
Vehicles form a long queue to enter the Woodlands Checkpoint in Singapore early on April 1, 2022, … [+] before crossing the causeway to Malaysia’s southern Johor state. Both countries are ...
Missing Chinese-Canadian Mogul Will Stand Trial In China, Embassy Says
Topline Xiao Jianhua, a Chinese-Canadian mogul who was reportedly seized from Hong Kong with little explanation in 2017, is set to stand trial in China on Monday, Canada’s embassy in Beijing told Forb...
Chinese Education Tycoon Regains Billionaire Status By Pivoting To Livestreamed Sales
Yu Minhong, founder and chairman of New Oriental Education & Technology Group Inc. (Photo by Visual … [+] China Group via Getty Images/Visual China Group via Getty Images) Visual China Group...
Tycoon Charoen Sirivadhanabhakdi’s Frasers Property To Buyout Hotel REIT In Deal Valued At $970 Million
Charoen Sirivadhanabhakdi, chairman of Thai Beverage, appears with his daughter Wallapa … [+] Sirivadhanabhakdi during the relaunch ceremony of Pantip Plaza IT Shopping Mall in Bangkok. Piti A S...
Billionaire Enrique Razon To Take Controlling Stake In Malampaya Gas Project From Tycoon Dennis Uy
Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and Bloomberry … [+] Resorts Corp., speaks during a Bloomberg Television interview at the Milken Institute Globa...
Japan’s 7-Eleven Tycoon Bucks The Trend By Doubling Down On Convenience Stores
Masatoshi Ito Kimimasa Mayama/Bloomberg This story is part of Forbes’ coverage of Japan’s Richest 2022. See the full list here. The 7-Eleven convenience store made Japan’s Seven & i Holdings the r...
Philippine Billionaire Enrique Razon’s Bloomberry To Invest In Tycoon Dennis Uy’s Casino Projects
The Solaire Resort and Casino, operated by Bloomberry Resorts Corp., stands illuminated at night in … [+] Manila, the Philippines, on Saturday, April 27, 2019. Photographer: Veejay Villafranca/B...
Singapore Tycoon Kwek Leng Beng’s CDL Suburban Housing Project Sees Robust Sales Despite Property Curbs
An artist’s impression of the Piccadilly Grand, a residential condominium being jointly developed by … [+] City Developments and Hongkong Land unit MCL Land. Courtesy of City Developments ...
Russian Tycoon Tinkov Says He Was Forced To Sell His Stake In Russian Bank After Criticizing Invasion Of Ukraine
Topline Russian tycoon Oleg Tinkov said he was forced by the Kremlin to sell his stake in Russia’s second-largest bank without any opportunity to negotiate, the New York Times reported on Sunday, afte...
Tycoon Tony Fernandes’ AirAsia Group Q1 Traffic Nearly Quadruples As Pandemic Travel Restrictions Ease
A Thai AirAsia Airbus A320 takes off from Donmueang International Airport. getty AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A Berhad—said first quarte...
After Criticizing Putin’s War, Russian Tycoon Tinkov Sells Bank He Built
(Bloomberg) — Sanctioned billionaire Oleg Tinkov sold his family’s stake in the digital bank he founded to Russia’s richest man, Vladimir Potanin, just over a week after he slammed President Vla...
Tycoon Anthony Salim-Backed PLDT To Sell Telecom Towers For $1.5 Billion In Landmark Philippine Deal
Telecommunications towers on blue sky, a red and white, the other white, antennas for television, … [+] radio, and mobile phones. getty PLDT Inc.—which counts Indonesian billionaire Anthony Sali...
Hotel Tycoon Ong Beng Seng, Temasek Units Win Bid For Singapore Press’ Properties
Shoppers and pedestrians walk past the Paragon shopping mall, the crown jewel in SPH’s property … [+] holdings, on Orchard Road in Singapore, on June 14, 2012. Munshi Ahmed/Bloomberg A con...
Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions
Malaysia’s long-haul budget airline AirAsia X Airbus A340 jetliner is greeted with jets of water … [+] upon its landing at the end of the AirAsia X first flight Kuala-Lumpur -Paris at Pari...
Nickel Tycoon Tells Banks He Wants to Keep Shorting
(Bloomberg) — The tycoon whose big short bet on nickel helped trigger one of the most dramatic price spikes in history has told his banks and brokers that he doesn’t intend to reduce his positio...
Indonesian Oil Tycoon Arifin Panigoro Dies At Age 76
Arifin Panigoro was a businessman and politician. ASSOCIATED PRESS Indonesian businessman Arifin Panigoro, a key figure in the country’s oil and gas sector, has died at age 76. Panigoro was ranked No...
Singapore Tycoon Chua Thian Poh’s Ho Bee Land Buys London Skyscraper ‘The Scalpel’ For Over $960 Million
LONDON, ENGLAND – JUNE 19: A general view of St Andrew Undershaft church, the Scalpel, 52 Lime … [+] Street currently under construction, the Lloyd’s building (C) and the Cheesegrate...
Indonesian Tycoon Sukanto Tanoto’s Pacific Eagle Buys Prime Singapore Shopping Mall For $645 Million
Singapore skyline cityscape at night. getty Pacific Eagle Real Estate has agreed to buy the Tanglin Shopping Centre in Singapore’s Orchard Road shopping belt for S$868 million ($645 million) as the de...
Malaysian Tycoon Tony Fernandes’ AirAsia To Launch Air Taxi Service Across Southeast Asia By 2025
Tony Fernandes, CEO of AirAsia Group, reacts as he speaks during the Rise conference in Hong Kong, … [+] China, on July 9, 2019. Anthony Kwan/Bloomberg AirAsia Group—controlled by Malaysian tyco...
Malaysian Tycoon Francis Yeoh’s YTL Power Sells Stake In Australian Electric Utility For $717 Million
Francis Yeoh, executive chairman of YTL Corp., in his office in Kuala Lumpur, Malaysia, on March 27, … [+] 2012. Goh Seng Chong/Bloomberg YTL Power International—controlled by Malaysian tycoon F...
Tycoon Tony Fernandes’ AirAsia Renamed ‘Capital A’ As Loss-Making Airline Pivots To Digital Businesses
Capital A Chief Executive Tony Fernandes delivers a speech during an event announcing the change in … [+] the group holding company’s name from AirAsia Group in Kuala Lumpur on January 28,...
‘No one is above the law’: Oil tycoon tried to stiff his ex-wife in a bitter divorce — now he’s going to prison for tax evasion
Todd Kozel made his riches in the oil fields of Kurdistan and now will have to pay the price. The once-jet-setting co-founder and chief executive of Gulf Keystone Petroleum is headed to prison for fiv...
With $2.65 Billion Deal, Fracking Tycoon Rees-Jones ‘Saved The Best For Last’
Trevor Rees-Jones, 2015. Matthew Mahon, for Forbes Dallas billionaire Trevor Rees-Jones says he’s been running around “with my pants on fire” the last few weeks negotiating the $2.65 billion sale of C...
Remaining Calm In The Chaos – Trust Yourself To Invest In Crypto With Tycoon
Looking beyond the common notion that cryptocurrency markets are volatile, there lies another characteristic that can make the idea of investing in crypto difficult for some. There is an air of frenzy...