(Bloomberg) — At least two of India’s biggest business families participated in Adani Enterprises Ltd.’s $2.5 billion share sale, according to people familiar with the matter, in a sign of solid...
Tag: Tycoons
Tobacco Tycoon’s Wealth Declines As Indonesia Ratchets Up Taxes To Curb Smoking
This story appears in the December 2022 issue of Forbes Asia. Subscribe to Forbes Asia Susilo Wonowidjojo Gudang Garam This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full ...
Chinese Real Estate Tycoons Gain Almost $4 Billion After Beijing Surprises Market With Sweeping Support
Wu Yajun (left), cofounder-chair of Longfor Group Holdings, and Yang Huiyan, co-chair of Country Garden. Courtesy of Longfor; courtesy of Yang Huiyan Two of China’s richest female real estate tycoons—...
Collective Wealth Rises To $800 Billion, Thanks To Boost From Gautam Adani, One Of The World’s Richest Tycoons
Gautam Adani Forbes Asia This story is part of Forbes’ coverage of India’s Richest 2022. See the full list here. India’s post-pandemic demand revival powered its economy to become the fifth-largest in...
Tycoon’s Wild $3 Billion Gamble on ‘China’s LVMH’ Crashes
(Bloomberg) — Six years ago, a little-known textile maker called Shandong Ruyi Group embarked on a frantic acquisition spree with the goal of becoming China’s version of luxury powerhouse LVMH. ...
Philippine Tycoons Oscar Lopez, Manuel Pangilinan Call Off Media Deal Amid Congressional Inquiry
Employees and supporters of ABS-CBN light candles in front of its main studio to show support as the … [+] broadcaster airs its final program in the provinces on August 28, 2020 in Manila, Phili...
Crypto Tycoons SBF and Sun Are In Talks To Buy Huobi’s Major Stake
Huobi Global founder Leon Li is planning to sell a majority stake in the company in a transaction that would cost the firm $3 billion, according to a Bloomberg report published on Friday. Huobi is bas...
Property Firms Owned By Tycoons Kwek Leng Beng, Mochtar Riady Post Robust Earnings As Hotels Recover
The 1,080 Hilton Singapore Orchard opened in February in time for the resumption of international … [+] travel into the city-state. Courtesy of Hilton Real estate companies controlled by Singapo...
Collective Net Worth Of The Nation’s Tycoons Drops As A Sluggish Economy Bites
No. 1 Dhanin Chearavanont, senior chairman, Charoen Pokphand group. ANTHONY KWAN/BLOOMBERG This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Tourism, Tha...
Tycoons Gordon Tang’s SingHaiyi, Wee Cho Yaw’s UOL Offer Top Bids For Singapore Housing Plots
Singapore’s skyline during sunrise. getty SingHaiyi Group—controlled by Chinese tycoon Gordon Tang and his wife Celine—and banking and real estate billionaire Wee Cho Yaw’s UOL Group submitted t...
Real Estate Tycoons Announces Upcoming NFT In-game Collection Series
[PRESS RELEASE – Please Read Disclaimer] Not long after the emergence of bitcoin – the first-ever mass use case of a blockchain network coming to live – the technology behind the most popular cryptocu...
Russian Tycoons Get $8.3 Billion Richer as Trading Resumes
(Bloomberg) — Against all odds and despite sanctions, Russian tycoons are regaining some of their wealth. Most Read from Bloomberg After almost one month of suspension, shares in Moscow climbed,...
Putin Huddles With Tycoons to Offer Banks Bulk of State Aid
(Bloomberg) — Banks are taking precedence for President Vladimir Putin as Russia devises a domestic response to sanctions rolled out by western governments over the invasion of Ukraine. Most Rea...
China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected
Hui Ka Yan, Yang Huiyan and Sun Hongbin have all seen their fortunes tumble this year. Bloomberg The days of property moguls dominating China’s wealth rankings appear to be at an end. Beijing’s campai...
Private NFT Club to be Developed by Singapore Tycoons’ Wards
Kiat Lim is the ward of Peter Lim, a financier, and Elroy Cheo, ward of the family that initiated Mewah, are planning a private NFT club. The scions are looking forward to the development of ‘ARC meta...
Next-Gen tycoons join the NFT craze building a private digital community
Kiat Lim, a son to Peter Lim, the son of a billionaire based in Singapore, is the latest high profile individual to join the non-fungible tokens (NFT) craze. Lim has announced the launch of a digital ...
Singapore’s Next-Gen Tycoons Join NFT Craze With Launch Of Collaboration Platform For Entrepreneurs
ARC cofounders Elroy Cheo and Kiat Lim Courtesy of ARC Kiat Lim—son of Singaporean billionaire Peter Lim—has joined the craze for non-fungible tokens (NFTs) with the launch of a private digital commun...