Billionaires

Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

Recent share transfers fuel talk that the Berjaya conglomerate is entering a post-founder era

SpaceX ended the day valued at more than US$2 trillion, pushing Elon Musk’s net worth to US$1.2 trillion.

Musk is the world’s first trillionaire. Who was the first billionaire?

The milestone suggests a new era has arrived of frenzied market interest in tech and AI

Futu founder and billionaire Leaf Li is accelerating a global push away from China, which could help him bounce back.

Futu founder ‘Brother Leaf’ humbled by China broker crackdown

Income from Hong Kong and overseas brand Moomoo should easily offset pressure from the ban

Recently, Morgan Stanley hosted an event for its wealth management clients to hear from the SpaceX management team.

How banks are using SpaceX to woo the super rich

The IPO lets lenders nurture ties with wealthy clients and find new ones – which may matter even more

The tycoon remains a substantial shareholder in 7-Eleven Malaysia Holdings, Berjaya Food and Berjaya Assets, albeit with smaller holdings.

Malaysian tycoon Vincent Tan cuts Berjaya stake in asset sales

Separate filings also show the founder is no longer a substantial shareholder in six listed companies

Zhang Yiming’s net worth climbs to US$92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index.

TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

The surge comes amid the success of ByteDance’s video app, as well as its Doubao AI chatbot

Nearly a third of top private wealth firms slash US dollar asset allocations, according to UBS report.

UBS family office clients cut US dollar exposure in wealth revamp

About half of the money managers also say they are overexposed to the greenback

Pham Nhat Vuong has personally contributed at least one-quarter of the US$17 billion of financing that has been deployed since VinFast was founded.

Vietnam’s richest man ploughs billions into EVs as his stock booms 1,000%

The majority of Vuong’s wealth is derived from Vingroup, his sprawling conglomerate

The improvement in real estate seen in 2025 on the back of a benign outlook for borrowing costs has been upended by the Iran war.

Billionaire Duke of Westminster to sell £700 million of US real estate assets

Agents are being appointed to market those assets on a case-by-case basis