The list of 50 richest individuals in Indonesia is made up of all billionaires for the first time this year, with combined wealth rising 4% to $263 billion.
Shares of entertainment and media company Yeah1 have risen to their highest levels since April 2022 after it organized several concerts which attracted tens of thousands of fans.
Singapore fintech startup Tyme Group has secured a US$250 million investment, which it calls the “largest fintech raise this year in Southeast Asia,” giving it a valuation of $1.5 billion.
The two richest men in India, oil tycoon Mukesh Ambani and industrial infrastructure tycoon Gautam Adani, have both seen their wealth plunging to below $100 billion this year amid business challenges.
Two families from Southeast Asia, one from Indonesia and the other from Thailand, are the only representatives from the region to feature on Bloomberg's list of the 25 wealthiest families in the world this year.
Property tycoon Truong My Lan has appealed her life sentence given in October for defrauding VND30 trillion (US$1.2 billion) from thousands of bond investors.