Billionaires

Hong Kong ‘Value’ billionaire puts quarter of his wealth in gold

Wealthy Asian families are increasingly moving money back to the region to insulate themselves from US sanctions or potential asset seizures

A Swiss court issued the penalty, saying the 95-year-old French billionaire behind the Castel Group global drinks empire had fudged his tax returns.

Billionaire founder of wine giant appeals US$411m Swiss tax bill

PIERRE Castel, co-founder of one of the world’s largest wine traders, is appealing against an order to pay hundreds of millions in Swiss back-taxes, his lawyer said Thursday (Oct 13).

The frontage of a Nicolas wine store, operated by Castel Group, in Paris, France.Chief executive officer Gregory Clerc held on to his role as a director of a key corporate entity in Singapore after family members on Thursday failed to push through a vote to remove him.

Heirs to billionaire Castel’s empire lose bid to oust CEO

[SINGAPORE] Two heirs to one of Europe’s richest drinks families lost the first round in their battle to oust the top executive of their family’s eponymous firm, Castel Group.

The proposed tax is expected to face heavy opposition, including from California Governor Gavin Newsom, who has publicly denounced the Bill.

Billionaires are ramping up their California exits on threat of wealth tax

The proposed tax could create a new model by going after a large, one-time cut of a billionaire’s net worth

Beyonce reached the landmark after several very lucrative years.

Beyonce declared a billionaire by Forbes magazine

The 44-year-old entertainer joins a select club that includes her husband, rapper Jay-Z

James Dyson is lining up a further diversification of his fortune, which is still mostly tied up in his technology company.

James Dyson reworks family office empire for US$17 billion fortune

Dyson’s Weybourne moves £624m from UK to Singapore, cutting UK unit’s share capital to £1

Li Ka-shing built CK Hutchison into the world’s leading port operator and a major player in European telecommunications.

Li Ka-shing is remaking his empire as a generational shift looms

The bulk of CK Asset’s projects are located in Hong Kong and mainland China

Indonesia is home to some of the wealthiest billionaires in South-east Asia, where 10 of the richest have a combined net worth of more than US$180 billion.

Rich families face tax audits as Indonesia races to plug deficit

The country’s tax ratio is among the lowest in the world, at about 10% of GDP last year

US President Donald Trump's son-in-law Jared Kushner's Affinity Partners is helping finance Paramount Skydance’s hostile bid for Warner Bros.

Jared Kushner is everywhere, from peace deals to big money deals

He is a linchpin of some of the biggest issues confronting the White House