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Manuel Villar loses title as Philippines’ richest billionaire as fortune drops $16B in stock plunge

Manuel Villar loses title as Philippines’ richest billionaire as fortune drops $16B in stock plunge

Billionaire Manuel Villar has lost over US$16 billion in net worth after his property giant Villar Land’s shares plummeted 76% in just three trading days, costing him the title of the Philippines’ richest man.
Who is Zhang Xin, Chinese self-made billionaire dubbed 'the woman who built Beijing'?

Who is Zhang Xin, Chinese self-made billionaire dubbed 'the woman who built Beijing'?

Chinese property billionaire Zhang Xin acquires New York City land for luxury condo project

Chinese property billionaire Zhang Xin acquires New York City land for luxury condo project

From rags-to-riches rise to $23.3B land conundrum: What to know about Philippines’ richest man Manuel Villar

From rags-to-riches rise to $23.3B land conundrum: What to know about Philippines’ richest man Manuel Villar

Manuel Villar, the Philippines’ richest billionaire who rose from humble beginnings, is under scrutiny after transferring a mostly vacant piece of land on the outskirts of Manila and claiming its value had skyrocketed 25,000% to 1.34 trillion pesos (US$23.3 billion).
October 19, 2025 | 03:25 pm PT
From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession

From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession

New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the challenges of succession in family empires.
October 9, 2025 | 03:27 pm PT
Why Philippines’ richest billionaire Manuel Villar’s property firm saw 99% cut in a $23.6B land valuation

Why Philippines’ richest billionaire Manuel Villar’s property firm saw 99% cut in a $23.6B land valuation

Villar Land, the flagship property company of the Philippines’ richest man Manuel Villar has accepted a cut in the valuation of a landholding from 1.34 trillion pesos (US$23.6 billion) down to just 8.6 billion pesos after its external auditor rejected the earlier trillion-peso appraisal.
August 26, 2025 | 03:27 pm PT
How Hong Kong property billionaire Hui Sai Fun passed down $5.3B fortune to last 1,750 years

How Hong Kong property billionaire Hui Sai Fun passed down $5.3B fortune to last 1,750 years

The late Hong Kong property tycoon Hui Sai Fun left behind an estimated HK$42 billion (US$5.35 billion) fortune in a way that would take his descendants, including his only surviving son, 1,750 years to spend.
August 13, 2025 | 12:24 am PT
Hong Kong billionaire heir Adrian Cheng resigns from board of family’s embattled property giant New World Development

Hong Kong billionaire heir Adrian Cheng resigns from board of family’s embattled property giant New World Development

Adrian Cheng, a third-generation heir to Hong Kong’s third-richest clan, has fully exited the family’s troubled property developer New World Development just months after stepping down as its CEO.
July 1, 2025 | 10:20 pm PT
138 luxury apartments sold at record-low prices within hours at Hong Kong project led by billionaire Cheng family’s New World

138 luxury apartments sold at record-low prices within hours at Hong Kong project led by billionaire Cheng family’s New World

The first batch of apartments at the Deep Water Pavilia luxury residential project, built by a New World Development-led consortium in southern Hong Kong Island, sold out within hours at record-low prices.
June 16, 2025 | 02:48 am PT
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down

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
Hong Kong’s richest billionaire Li Ka Shing attends concert in rare public appearance

Hong Kong’s richest billionaire Li Ka Shing attends concert in rare public appearance

Li Ka-shing, Hong Kong’s richest man, drew attention when he attended a concert by Taiwanese band Mayday last weekend in a rare public appearance.
May 14, 2025 | 09:04 pm PT
5 richest Filipino billionaires’ combined wealth rise by $7.6B

5 richest Filipino billionaires’ combined wealth rise by $7.6B

The Philippines’ top five billionaires, whose business empires span across sectors including real estate, ports, and beverages, saw their collective net worth grow by US$7.6 billion last year, according to Forbes’ 2025 ranking.
April 30, 2025 | 12:20 am PT
Property developer Henderson Land to organize memorial exhibition for Lee Shau Kee, Hong Kong’s second-richest billionaire

Property developer Henderson Land to organize memorial exhibition for Lee Shau Kee, Hong Kong’s second-richest billionaire

Hong Kong-based property developer Henderson Land Development will host a public exhibition next week to commemorate its late founder Lee Shau Kee, the city’s second-richest man.
April 23, 2025 | 01:58 am PT
Lee Shau Kee’s children spend over $380K on memorial for late Hong Kong’s second-richest billionaire

Lee Shau Kee’s children spend over $380K on memorial for late Hong Kong’s second-richest billionaire

The two sons and daughter-in-law of Lee Shau Kee, Hong Kong’s second-richest man, spent HK$3 million (US$385,500) to organize a memorial ceremony for the late billionaire, according to local media.
April 1, 2025 | 03:06 pm PT
4 wealth lessons for young people from Hong Kong’s second-richest billionaire Lee Shau Kee

4 wealth lessons for young people from Hong Kong’s second-richest billionaire Lee Shau Kee

The late property tycoon Lee Shau Kee, known as Hong Kong’s second-richest man, advised young people to choose the right career, work hard, use money to make money, and not marry too soon.
March 27, 2025 | 03:08 pm PT
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