China's richest man declares war on Disney with giant theme park

May 28, 2016

China's richest man declares war on Disney with giant theme park

The Chinese conglomerate Wanda on Saturday opened its first theme park, with its billionaire boss declaring war on Disney weeks before the American entertainment giant launches a similar attraction in Shanghai. “Wanda City,” in southeastern Nanchang, comprises a giant mall set over 2 sq. ...

Russia places top billionaire under house arrest, alleges money-laundering

Sep 17, 2014

Russia places top billionaire under house arrest, alleges money-laundering

Russian authorities said Tuesday they had placed a top billionaire, Vladimir Yevtushenkov, under house arrest, accusing him of money-laundering. With a fortune of $9 billion (€7 billion), Yevtushenkov, the 65-year-old head of Russian holding company AFK Sistema, is Russia’s 15th-richest man, according to Forbes ...