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From business empire to ex-minister’s corruption scandal: 5 things to know about Singapore‑based Malaysian F1 tycoon Ong Beng Seng
Singapore‑based Malaysian tycoon Ong Beng Seng was born into wealth and built a business empire spanning hotels, real estate and Formula 1 racing before being embroiled in a corruption scandal involving former transport minister S. Iswaran.
Toy maker Pop Mart’s founder Wang Ning now China’s 10th richest billionaire on Labubu craze
How billionaires’ children are embracing their parents’ pledge to give away wealth
Who are the Malaysian billionaire brothers behind the firm buying CDL's stake in $2.1B Singapore complex?
IOI Properties, which is buying Singaporean developer CDL’s majority stake in the US$2.1 billion South Beach complex in Singapore, is part of a Malaysia-listed conglomerate led by billionaire brothers Lee Yeow Chor and Lee Yeow Seng.
June 8, 2025 | 02:49 pm PT
From $3 McDonald’s breakfasts to $18 haircuts: Inside Warren Buffett’s frugal life
Warren Buffett ranks among the wealthiest individuals on the planet, yet the legendary investor has maintained a modest and frugal lifestyle that does not quite reflect his US$154 billion net worth.
June 7, 2025 | 03:20 pm PT
Circle co-founder Jeremy Allaire becomes billionaire as crypto firm’s stock soars on debut
Jeremy Allaire, co-founder of cryptocurrency company Circle Internet Group Inc., saw his wealth soar to over $1.7 billion on Thursday as the company’s stock nearly tripled on its debut trading day.
June 7, 2025 | 03:20 pm PT
Billionaire Elon Musk’s wealth shrinks by nearly $34B in one of his worst single-day drop
Elon Musk lost US$33.9 billion in net worth on Thursday amid his public feud with U.S. President Donald Trump, marking one of the largest single-day losses for the tech billionaire.
June 6, 2025 | 03:12 am PT
The 5 heirs of Thailand’s second-richest man Charoen Sirivadhanabhakdi: What roles do they play in the family business empire?
Charoen Sirivadhanabhakdi, Thailand’s second richest person, has recently handed control of key companies to his five children, marking a generational shift in leadership for his beer-to-property conglomerate TCC Group.
June 5, 2025 | 02:37 pm PT
Thailand’s billionaire Red Bull heir transfers $1.1B stake to trust firm
Chalerm Yoovidhya, heir to the Red Bull energy drink fortune, has transferred his 2% stake in the company, valued at around US$1.1 billion, to a Geneva-based trust company.
June 4, 2025 | 01:49 am PT
Singapore billionaire Kwek family’s CDL to sell $2.1B office complex to reduce debt, restore investor confidence after public father-son feud
City Developments will sell its majority stake in a landmark Singapore office complex as it aims to cut debt and regain investor confidence after a public feud between billionaire chairman Kwek Leng Beng and his CEO son.
June 4, 2025 | 12:27 am PT
6 ultra-rich buyers who snapped up multi-million-dollar Singapore real estate in 2024–25
Billionaires, multi-millionaires, and their family members are splurging on Singapore’s finest properties, many of which cost tens of millions of dollars.
June 4, 2025 | 12:21 am PT
‘Go to the bank’: Billionaire Warren Buffett said when daughter Susan asked for $41,000 loan to renovate kitchen
Warren Buffett’s daughter, Susan Buffett, shared that the billionaire investor once taught her a lesson in financial independence by declining her request for a US$41,000 loan to remodel her kitchen.
May 29, 2025 | 08:33 pm PT
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent years.
May 29, 2025 | 03:35 pm PT
Hailey Bieber joins billionaire club with $1B skincare deal as husband Justin reportedly faces financial woes
Hailey Bieber, a model and wife of pop star Justin Bieber, has agreed to sell her skincare brand Rhode in a deal potentially valued at US$1 billion.
May 29, 2025 | 12:40 am PT
Shares linked to Thailand’s second richest man Charoen Sirivadhanabhakdi stuck at year’s lowest after stake transfer to heirs
Shares of companies tied to Thailand’s second richest man Charoen Sirivadhanabhakdi continued to hover at the lowest this year after the business magnate transferred his entire holdings to five children equally.
May 29, 2025 | 12:40 am PT
PDD founder Colin Huang sees net worth tumbling nearly $6B
Colin Huang, the founder of Chinese e-commerce giant PDD Holdings, experienced a $5.7 billion drop in his wealth overnight as the company’s Nasdaq-listed shares crashed on Tuesday due to lackluster quarterly earnings.
May 28, 2025 | 10:47 pm PT
The world’s richest are choosing Singapore to launch their charitable foundations
Several of the world’s wealthiest individuals, including American hedge fund billionaire Ray Dalio and tech magnate Bill Gates, have chosen Singapore to establish foundations to support charitable initiatives over the past three years.
May 28, 2025 | 03:23 am PT
Cathy Chui, 'hundred-billion daughter-in-law' of late Hong Kong billionaire Lee Shau Kee, remembers him as devoted family man
Cathy Chui, daughter-in-law of the late Hong Kong property tycoon Lee Shau Kee, became emotional as she reminisced about her father-in-law in a TVB interview over the weekend.
May 27, 2025 | 09:08 pm PT
Thailand’s second-richest man Charoen Sirivadhanabhakdi transfers stakes in major firms to heirs
Property tycoon Charoen Sirivadhanabhakdi, Thailand’s second-richest person, has handed over ownership of several major listed companies to his five children in a move seen as part of his succession plan.
May 27, 2025 | 09:07 pm PT
5 things to know about Kishin RK, Singapore’s youngest billionaire
Kishin RK, Singapore’s youngest billionaire with US$1.6 billion to his name, bought his first apartment at 12 and drew on his privileged background to carve out his own success.
May 27, 2025 | 02:55 pm PT
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