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Billionaire news
World number 10 tennis player Emma Navarro hates being labeled billionaire's daughter
American tennis star Emma Navarro, 21, views winning prestigious titles like Wimbledon as her true purpose in life instead of being known as a billionaire heiress.
Meet the world’s 3 richest lecturers - from UCLA, Stanford, and top Chinese university
Wealth of Thailand’s 5 richest billionaires exceeds $170B, led by Red Bull heir
Hotel arm of Singapore billionaire Kwek family’s CDL announces cross-brand loyalty partnership with Germany’s Maritim Hotels
Millennium Hotels and Resorts, the hospitality unit under Singaporean billionaire Kwek Leng Beng’s City Development, has partnered with Germany’s Maritim Hotels to launch a cross-brand loyalty program.
July 3, 2025 | 03:09 pm PT
World’s richest billionaire Elon Musk loses $12B in wealth as Trump threatens to cut government support amid feud
World’s richest man Elon Musk saw his net worth plunge by US$12 billion as Tesla shares tumbled following U.S. President Donald Trump’s threat to withdraw billions in government subsidies from the billionaire’s companies.
July 2, 2025 | 01:38 am PT
From ‘unbelievable friendship’ to growing tensions: The rise and fall of Bill Gates and Warren Buffett’s 30-year bond
The friendship between Bill Gates and Warren Buffett, which began in the 1990s, has lasted decades but appears to have cooled in recent years amid growing tensions between the billionaires.
July 1, 2025 | 11:33 pm PT
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
Chinese gold jeweler Zhou Liu Fu’s chairman joins billionaire ranks as stock surges after IPO
Chinese gold jewelry retailer Zhou Liu Fu Jewellery’s stock surged 67% over its first two trading days, turning its chairman Li Weizhu into a billionaire with a net worth of US$1.2 billion.
July 1, 2025 | 03:20 pm PT
Warren Buffett gives away record $6B in Berkshire shares
Warren Buffett donated another US$6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago.
June 28, 2025 | 10:55 pm PT
World's second richest billionaire Mark Zuckerberg enjoys summer holiday on $300M yatch
Mark Zuckerberg, ranked as the world's second richest billionaire by Forbes, enjoyed a summer holiday in mid-June with his family in the seaside town of Alepochori, Greece, aboard his US$300-million superyacht.
June 25, 2025 | 02:56 pm PT
From small China store to $40B toy empire: How Pop Mart rose to global fame with Labubu dolls
Started in 2010 by then-23-year-old entrepreneur Wang Ning as a small shop selling toys in China, Pop Mart has grown into a giant with a market cap of US$40 billion thanks to the popularity of its Labubu character.
June 24, 2025 | 03:26 pm PT
Oracle billionaire co-founder Larry Ellison beats Jeff Bezos, Mark Zuckerberg to become world’s second richest man
Larry Ellison, the 80-year-old co-founder of database firm Oracle, has surpassed Jeff Bezos and Mark Zuckerberg to become the world’s second richest man with a net worth of US$254 billion.
June 19, 2025 | 08:45 pm PT
How Meta’s $14.3B Scale AI investment triggers shake-up as Google, OpenAI cut ties with the startup, founded by world’s youngest self-made billionaire Alexandr Wang
Meta’s US$14.3 billion investment in Scale AI and poaching of founder Alexandr Wang, world’s youngest self-made billionaire, has sparked a shake-up as major clients like Google and OpenAI move to phase out work with the startup.
June 19, 2025 | 03:08 pm PT
From Malaysia’s first casino to global empire: How the billionaire Lim family built Genting Group over generations
Built over decades by the Lim family, Genting Group has grown from a casino resort in Malaysia’s Genting Highlands into a multibillion-dollar global empire spanning hospitality, plantations, energy, and biotech.
June 17, 2025 | 02:44 pm PT
Leonard Lauder, billionaire heir to Estée Lauder cosmetics empire, dies
Leonard Lauder, heir to the Estée Lauder cosmetics fortune who expanded his family's business into a worldwide empire, has died at the age of 92.
June 16, 2025 | 09:03 pm PT
Billionaire F1 heiress Petra Ecclestone gives up sale of $200M London mansion
Petra Ecclestone, British heiress and daughter of Formula 1 billionaire Bernie Ecclestone, is pulling her GBP175 million (US$201 million) mansion in London off the market.
June 15, 2025 | 03:29 pm PT
Meta finalizes $14.3B Scale AI investment, poaching its CEO - world's youngest self-made billionaire Alenxandr Wang
Facebook-owner Meta has finalized the US$14.3 billion purchase of a 49% stake in data-labeling startup Scale AI, according to two sources familiar with the matter.
June 13, 2025 | 04:24 am PT
Toy maker Pop Mart’s founder Wang Ning now China’s 10th richest billionaire on Labubu craze
Wang Ning, founder of Pop Mart, has become China’s 10th richest man as the toy maker’s Labubu dolls take the world by storm, boosting his net worth to US$22.7 billion.
June 13, 2025 | 12:57 am PT
How billionaires’ children are embracing their parents’ pledge to give away wealth
As the world’s billionaires prepare to pass on their wealth, in many cases to charity, their children are set to play a larger role, with many ending up carrying out philanthropic promises made long before they were ready to lead.
June 13, 2025 | 12:28 am PT
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