Software engineer Zhang Yiming started out producing apps for sharing jokes before focusing on news aggregation. That pivot proved lucrative. The 35-year-old founder of Bytedance Ltd. is worth about $13 billion, according to the Bloomberg Billionaires Index, making him China's ninth-richest person and one of ...

The world's fastest growing source of megawealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since ...

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture capital money to fund his business idea. If his online consumer electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if ...

Selling everyday items to bargain hunters has made the founder of Japan's biggest discount store a billionaire. Hirotake Yano, founder and president of closely held Daiso Sangyo Corp., the self-described "Japanese shopping wonderland," was one of the country's first vendors to adopt a single-price model ...