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Senior establishment figures reportedly mediated truce between Singapore's 4th richest billionaire Kwek Leng Beng and son
Senior establishment figures and trusted family friends reportedly helped mediate a halt to the public boardroom feud between Singaporean billionaire Kwek Leng Beng and his son at property giant City Developments Limited.
Singapore's 4th richest billionaire Kwek Leng Beng drops lawsuit against CEO son to resolve CDL boardroom feud
Vietnam’s richest man Pham Nhat Vuong joins world’s 500 richest club
How the Wee family, Singapore’s richest banking dynasty, built Southeast Asia’s third largest lender
The Wee family, Singapore’s richest banking dynasty, amassed a US$7.8 billion fortune by founding and growing United Overseas Bank into one of Southeast Asia's largest lenders.
March 11, 2025 | 03:04 pm PT
Who are the world's 5 richest women?
Alice Walton, daughter of the founder of Walmart, and Francoise Bettencourts Meyers, granddaughter of the founder of L’Oreal, are among the world's 5 wealthiest women, according to Forbes’ real-time billionaire rankings.
March 9, 2025 | 03:00 pm PT
Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune
Zhang Hongchao and Zhang Hongfu, founders of Chinese beverage giant Mixue Group, now have a combined net worth of $8.1 billion, surpassing Starbucks' former CEO Howard Schultz.
March 4, 2025 | 08:57 pm PT
The rise and fall of CDL amid family dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son
Singapore-based City Developments Limited grew from an unprofitable business into a S$4.6 billion (US$3.4 billion) giant over several decades before the recent feud between its two top executives from the billionaire Kwek family.
March 3, 2025 | 03:49 am PT
How Singapore’s 4th richest billionaire Kwek Leng Beng's leadership and succession views shape CDL’s family dispute
Kwek Leng Beng, the Singaporean billionaire suing his son for an alleged power grab at the board of property giant City Developments Limited, has a direct and pragmatic approach to business and succession.
March 2, 2025 | 03:12 pm PT
Who is Catherine Wu, adviser said to be the reason behind Singapore's 4th richest billionaire Kwek Leng Beng’s feud with son?
Catherine Wu, adviser to Singaporean billionaire Kwek Leng Beng, has emerged as a key figure in the tycoon’s feud with his son Sherman Kwek after the latter called her the “primary reason” behind the dispute.
February 28, 2025 | 01:01 am PT
Singapore’s 4th richest man Kwek Leng Beng’s son blames father’s adviser Catherine Wu for boardroom dispute at CDL
Sherman Kwek, son of billionaire Kwek Leng Beng and group CEO of property giant City Developments Limited, said his father’s adviser, Catherine Wu, is the source of the ongoing boardroom conflict at the firm.
February 27, 2025 | 08:26 pm PT
City Developments' trading suspended amid Singapore's 4th richest man Kwek Leng Beng's family feud
Singapore's City Developments was plunged into a power struggle on Wednesday and suspended trading after its executive chairman accused his son, the company's CEO, of plotting a boardroom coup.
February 26, 2025 | 11:13 pm PT
New directors at center of Singapore’s 4th richest billionaire Kwek Leng Beng’s dispute with son agree not to exercise power
Singapore-based property giant City Developments Limited’s two new directors, who are involved in the conflict between billionaire Kwek Leng Beng and his son, have agreed not to take further actions until further court notice.
February 26, 2025 | 08:32 pm PT
Singapore’s 4th richest billionaire Kwek Leng Beng files lawsuit against son for ‘attempted coup’
Singapore billionaire Kwek Leng Beng, executive chairman of property giant City Developments Limited, has sued his son, the firm’s group CEO, alleging he attempted to consolidate control of its board.
February 26, 2025 | 04:34 am PT
Thai fortunes dominate Southeast Asia’s 5 richest families list
Three of the five richest families in Southeast Asia are from Thailand, with the other two from Indonesia and Singapore/Malaysia, according to a recent list compiled by Bloomberg.
February 25, 2025 | 03:03 pm PT
Malaysia’s Sultan Ibrahim Iskandar: The billionaire monarch who refuses to be a ‘puppet king’
Sultan Ibrahim Iskandar, Malaysia’s king with a family fortune estimated at US$5.7 billion, is an outspoken ruler determined to make an impact and refuses to be a “puppet king.”
February 23, 2025 | 03:05 pm PT
Asia’s 5 richest families in 2025
These five families all control major conglomerates with interests in property, retail, technology and energy, possessing a combined wealth of US$248 billion, according to Bloomberg.
February 20, 2025 | 03:04 pm PT
Malaysia’s billionaire king undergoes musculoskeletal pain treatment abroad
Malaysia’s King, Sultan Ibrahim Iskandar, has successfully undergone conservative treatment for musculoskeletal pain abroad, the palace Istana Negara announced.
February 19, 2025 | 04:04 am PT
China gets another bubble tea billionaire with Good me operator’s IPO
Wang Yun’an, founder of beverage chain Good me, has become China’s latest “bubble tea billionaire” with a net worth of $1.2 billion after an initial public offering (IPO).
February 14, 2025 | 04:28 am PT
Who are the Singapore billionaire trio behind Sea, Southeast Asia’s largest internet firm?
All three co-founders of Sea Limited, Southeast Asia’s largest internet firm and Shopee’s parent company, are among Singapore’s richest billionaires, with Forrest Li leading with a US$8.2 billion net worth.
February 13, 2025 | 02:52 pm PT
Australia's 50 richest now control $153B as Rinehart tops list again
The combined wealth of Australia's 50 richest people has climbed nearly 10% to A$243 billion ($152.92 billion) in the past 12 months, Forbes said on Thursday, with mining magnate Gina Rinehart topping the list again.
February 12, 2025 | 11:56 pm PT
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