SoftBank’s Masayoshi Son defies critics to engineer record fortune
It is the first time the 62-year-old’s fortune has topped $20 billion since January 2013, when the Bloomberg Billionaires Index first started tracking his wealth.
Jack Ma’s rival saw his wealth surge by $25 billion. Then he quit
Colin Huang, who has overseen the firm as its American depositary receipts have more than quadrupled in less than two years, has stepped down as chief executive officer.
Fast Retailing chief to donate ¥10 billion for medical research
Fast Retailing Co. Chairman and CEO Tadashi Yanai said Wednesday he will donate ¥10 billion ($94 million) to Kyoto University to support its medical research under two Nobel Prize winners, Tasuku Honjo and Shinya Yamanaka. The chief of Fast Retailing, the operator of the Uniqlo ...
South Korea's wealthy, passed over by pandemic pain, splurge on Porsches and BMWs
In many ways, experts say, the rising sales of imported cars illustrate the widening wealth gap during the pandemic in South Korea.
Thailand aims to turn away from mass tourism and target wealthy
Thailand’s tourism-revival strategy is to target big spenders seeking privacy and social distancing in the COVID-19 era, rather than try to attract a large number of visitors. The pandemic provides an opportunity to reset the sector, which had become reliant on Chinese groups and backpackers. ...
Founder of software company who turned down SoftBank joins ranks of Japan’s billionaires
Masayoshi Son had offered to buy Shunji Sugaya’s business idea for $2.8 million.
Rich Chinese snapping up luxury homes from Singapore to Sydney
Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus. Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up top-end housing, in many cases to guard their ...
Singapore expats ask for rent cuts as employers tighten belts
Singapore expats are often envied for their generous pay packets but facing the prospect of salary cuts as the coronavirus batters businesses, some are tightening their belts and asking for lower rent. Clarence Foo, a real estate agent at APAC Realty Ltd. unit ERA, has ...
The British expat paying $7,000 a month to swim in Singapore’s lockdown
Not helping any with Singapore’s image as home to a bunch of crazy-rich Asians comes the almost too-ridiculous-to-be-true story of a man who rented a swimming pool for 10,000 Singapore dollars ($7,040) a month. Faced with the prospect of not being able to swim in ...
‘We needed to go’: Rich Americans activate pandemic escape plans
As coronavirus infections tore across the U.S. in early March, a Silicon Valley executive called the survival shelter manufacturer Rising S Co. He wanted to know how to open the secret door to his multimillion-dollar bunker 11 feet underground in New Zealand. The tech chief ...
Mike Bloomberg gave almost $1 billion to his presidential campaign
Mike Bloomberg put a record $935 million into his short-lived Democratic presidential campaign through February, including $474 million last month alone, according to his monthly Federal Election Commission filing on Friday. The former New York City mayor's spending in February was a record monthly total ...
