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AI boom creates wealth at record pace, minting 50 new billionaires in 2025

AI boom creates wealth at record pace, minting 50 new billionaires in 2025

The AI boom of 2025 has created more than 50 new billionaires, with entrepreneurs driving innovations in AI models, infrastructure, and applications that are transforming everyday life.
Philippines’ top three billionaires see combined wealth fall as former richest man loses $12.4B in 2025

Philippines’ top three billionaires see combined wealth fall as former richest man loses $12.4B in 2025

Unit of Singapore billionaire Kwek family’s CDL grants $14.7M loan facility to Europe-focused real estate investment trust

Unit of Singapore billionaire Kwek family’s CDL grants $14.7M loan facility to Europe-focused real estate investment trust

Only one winner among Singapore’s top three billionaires as fortunes shift in 2025

Only one winner among Singapore’s top three billionaires as fortunes shift in 2025

Only one of the three richest men in Singapore has seen an increase in net worth this year, even as their combined wealth rose by US$600 million.
December 28, 2025 | 03:04 pm PT
Hong Kong’s billionaire Cheng family puts luxury Rosewood Hotel in London on sale amid debt pressure

Hong Kong’s billionaire Cheng family puts luxury Rosewood Hotel in London on sale amid debt pressure

Hong Kong’s billionaire Cheng family has put its luxury Rosewood Hotel in London on the market as weakening property prices at home pushed up the relative debt of its property developer New World Development.
December 23, 2025 | 08:10 pm PT
Father-son feud at billionaire Kwek family's CDL named among Singapore's pivotal corporate events this year

Father-son feud at billionaire Kwek family's CDL named among Singapore's pivotal corporate events this year

The boardroom dispute between Singapore’s second richest man Kwek Leng Beng and his son Sherman at their City Developments Limited has been listed among the significant corporate events and scandals that shook the city-state in 2025.
December 23, 2025 | 06:30 pm PT
Thailand’s Chearavanont family: Southeast Asia’s only entrant on world’s 25 richest families list

Thailand’s Chearavanont family: Southeast Asia’s only entrant on world’s 25 richest families list

Thailand’s Chearavanonts, the clan behind agribusiness giant Charoen Pokphand (CP) Group, hold US$53.3 billion in wealth and are the only Southeast Asian name among the world’s 25 richest families this year.
December 21, 2025 | 03:14 pm PT
Combined wealth of 3 richest Thai billionaires rises by $1.6B this year

Combined wealth of 3 richest Thai billionaires rises by $1.6B this year

The combined fortunes of Thailand’s three richest billionaires have increased by US$1.6 billion since March, though gains were recorded by only one of them.
December 20, 2025 | 03:14 pm PT
CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng sells Sentosa Cove’s only mall for over $75M

CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng sells Sentosa Cove’s only mall for over $75M

City Developments Limited, controlled by Singapore’s second-richest man Kwek Leng Beng, has signed a deal to sell Quayside Isle, the only commercial site at the exclusive Sentosa Cove enclave, for S$97.3 million (US$75.4 million).
December 16, 2025 | 07:17 pm PT
World's 5 richest families own $1.4T in combined wealth, dominated by Arab royals

World's 5 richest families own $1.4T in combined wealth, dominated by Arab royals

The five richest clans in the world boast a combined US$1.45 trillion in wealth, with three Arab royal families accounting for around 51% of that figure.
December 16, 2025 | 03:14 pm PT
Elon Musk becomes first person to ever reach $600B net worth

Elon Musk becomes first person to ever reach $600B net worth

Elon Musk on Monday became the first person ever worth US$600 billion following reports that his SpaceX startup was likely to go public at a valuation of $800 billion.
December 15, 2025 | 08:19 pm PT
Hong Kong's billionaire Cheng family sells Australian energy firm for $4.3B to Singapore's Sembcorp

Hong Kong's billionaire Cheng family sells Australian energy firm for $4.3B to Singapore's Sembcorp

Chow Tai Fook Enterprises, the investment arm of Hong Kong billionaire Henry Cheng, has agreed to sell Australia's Alinta Energy for an enterprise value of A$6.5 billion (US$4.32 billion) to Singapore-listed Sembcorp Industries.
December 15, 2025 | 01:06 am PT
3 Southeast Asian billionaires make Forbes Asia’s philanthropy heroes list

3 Southeast Asian billionaires make Forbes Asia’s philanthropy heroes list

Three Southeast Asian billionaires, based in Malaysia, Indonesia and Singapore, have been named on Forbes Asia’s list of 10 individuals and families in Asia-Pacific recognized for their philanthropic contributions.
December 11, 2025 | 08:11 pm PT
From chemistry teacher to pharma tycoon: How Zhong Huijuan became Asia’s richest self-made woman billionaire

From chemistry teacher to pharma tycoon: How Zhong Huijuan became Asia’s richest self-made woman billionaire

Zhong Huijuan left her job as a chemistry teacher decades ago to launch Hansoh Pharmaceutical, which has since grown into a major industry force and propelled her to become Asia’s richest self-made woman billionaire.
December 9, 2025 | 03:00 pm PT
Ballerina, MIT ‘math nerd’ and tech founder: Luana Lopes Lara’s journey to become world’s youngest self-made woman billionaire

Ballerina, MIT ‘math nerd’ and tech founder: Luana Lopes Lara’s journey to become world’s youngest self-made woman billionaire

Luana Lopes Lara is now known as an “MIT math nerd” who co-founded prediction market Kalshi and became the world’s youngest self-made woman billionaire, but her story began far from the tech field, in a ballet school.
December 7, 2025 | 03:09 pm PT
Kalshi co-founder Luana Lopes Lara dethrones Lucy Guo as world’s youngest self-made woman billionaire

Kalshi co-founder Luana Lopes Lara dethrones Lucy Guo as world’s youngest self-made woman billionaire

Luana Lopes Lara, 29, co-founder of the prediction market company Kalshi, has unseated Scale AI co-founder Lucy Guo to become the youngest self-made woman billionaire, boasting a US$1.3 billion net worth from her stake in the online prediction market.
December 4, 2025 | 07:35 pm PT
Malaysia’s billionaire king lends 2 of his airboats to flood rescue operations

Malaysia’s billionaire king lends 2 of his airboats to flood rescue operations

Malaysia's billionaire king, Sultan Ibrahim Iskandar, has allowed the government to use two high-powered airboats he owns for flood rescue operations.
December 4, 2025 | 07:27 pm PT
Who is Gao Haichun, the 'Solar Goddess' married to Chagee billionaire founder Zhang Jiejun?

Who is Gao Haichun, the 'Solar Goddess' married to Chagee billionaire founder Zhang Jiejun?

Gao Haichun, who is set to hold a wedding reception with Zhang Jiejun, the billionaire founder of beverage company Chagee, is the only child of Trina Solar founder and now an executive at the company.
December 4, 2025 | 07:27 pm PT
Luxury giant LVMH denies misappropriating Hermès heir's shares amid civil lawsuit

Luxury giant LVMH denies misappropriating Hermès heir's shares amid civil lawsuit

LVMH said it had never misappropriated shares now worth billions of euros (1 billion euro = US$1.16 billion) from Hermès heir Nicolas Puech, who has sued the luxury group and its billionaire CEO.
December 3, 2025 | 07:29 pm PT
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