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  • blockchain’s-biggest-businesses:-forbes-blockchain-50-call-for-2022-nominations

    Blockchain’s Biggest Businesses: Forbes Blockchain 50 Call For 2022 Nominations

    Over the first three years of the Forbes Blockchain 50, our list of billion-dollar companies making meaningful use of the technology popularized by bitcoin, has become a bellwether of institutional adoption. Our list shines light on how large corporations—often household names like Walmart and Novartis— are using blockchain tech to improve business processes and become… More

  • whiskey-market-soars-as-wealthy-asians-take-to-the-bottle

    Whiskey Market Soars As Wealthy Asians Take To The Bottle

    Whiskey drinking takes off in Asia. © 2020 Bloomberg Finance LP As the world was kept at home last year, alcohol markets did furiously well. But now that lockdown measures are mostly over normality should prevail, shouldn’t it? Not, it seems, for the rich. “Spirits are on fire right now. They’re really growing at the… More

  • philippine-real-estate-tycoon-delfin-wenceslao-jr.-dies-at-age-77

    Philippine Real Estate Tycoon Delfin Wenceslao Jr. Dies At Age 77

    Delfin J. Wenceslao Jr. PHOTO BY COURTESY OF DELFIN J. WENCESLAO JR. Delfin J. Wenceslao Jr.—the controlling shareholder of Philippine-listed real estate developer D.M. Wenceslao & Associates—has died at age 77. “It is with great sadness that the board of directors and management of D.M. Wenceslao & Associates announce that it was informed of the… More

  • soaring-demand-from-automakers-makes-thai-electronics-magnate-a-billionaire

    Soaring Demand From Automakers Makes Thai Electronics Magnate A Billionaire

    Bancha Ongkosit KCE Electronics Shares of KCE Electronics, a Thai manufacturer of printed circuit boards, have jumped 534% since March last year boosted by rising demand from the auto industry. This has propelled its founder and chairman, Bancha Ongkosit, into the ranks of the world’s billionaires. Ongkosit, 70, has an estimated net worth of just… More

  • what-will-become-of-cash-strapped-china-evergrande?

    What Will Become Of Cash-Strapped China Evergrande?

    People gather outside the Evergrande headquarters in Shenzhen, southeastern China on September 14, … [+] 2021. NOEL CELIS/AFP via Getty Images Chinese billionaire Hui Ka Yan is probably edging towards a restructuring of Evergrande’s whopping $302 billion in total liabilities, as the property developer makes little progress in averting a mounting debt crisis that has… More

  • singapore-tycoon-john-lim’s-ara-sells-singapore-office-tower-for-$314-million-as-investor-appetite-returns

    Singapore Tycoon John Lim’s ARA Sells Singapore Office Tower For $314 Million As Investor Appetite Returns

    People cross Robinson Road in the financial business district in Singapore on August 16, 2021. ROSLAN RAHMAN/AFP via Getty Images ARA Asset Management—partly owned by tycoon John Lim—has agreed to sell an office tower in the Singapore central business district for S$422 million ($314 million), adding to signs investor appetite is returning despite the lingering… More

  • billionaire-forrest-li’s-sea-to-raise-over-$6-billion-as-singapore-tech-giant-eyes-global-expansion

    Billionaire Forrest Li’s Sea To Raise Over $6 Billion As Singapore Tech Giant Eyes Global Expansion

    Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping platform has surged during the pandemic, and the company is bidding on a Singapore digital-banking license to accelerate its push into financial services. Photographer: Wei Leng… More

  • indian-tech-founder’s-persistence-pays-off-and-makes-him-a-billionaire

    Indian Tech Founder’s Persistence Pays Off And Makes Him A Billionaire

    Persistent Systems’ headquarters in Pune. Courtesy of Persistent Systems At age 28, Anand Deshpande was living a techie’s Silicon Valley dream working as a tech engineer for Hewlett Packard in Palo Alto when he began thinking of his options: “Either you return to India now or you settle down in the United States and a… More

  • india’s-specialty-chemicals-boom-creates-a-new-billionaire

    India’s Specialty Chemicals Boom Creates A New Billionaire

    getty Vasudeo Goenka, patriarch of the family behind Mumbai speciality chemicals maker Laxmi Organic Industries is India’s newest billionaire. His wealth crossed the $1 billion mark this week thanks to a nearly 200% surge in the company’s shares since its March IPO. Goenka, 81, is chairman emeritus of the $242 (revenue) million company, which is… More

  • japanese-software-testing-engineer-becomes-billionaire-after-acquisition-spree

    Japanese Software Testing Engineer Becomes Billionaire After Acquisition Spree

    Shift’s founder Masaru Tange. Shift Masaru Tange, president and CEO of Tokyo-based Shift, has joined the ranks of world’s billionaires after shares of his software testing company surged 88% over the past year. The company’s market value has risen to $3.4 billion as of Friday. Tange, 46, whose stake in Shift is just over a… More

  • how-billionaire-kumar-birla’s-telecom-dream-unraveled

    How Billionaire Kumar Birla’s Telecom Dream Unraveled

    Kumar Mangalam Birla speaks during a news conference in Mumbai on March 20, 2017. AFP via Getty ImagesPUNIT PARANJPE/AFP via Getty Images It was always a question of when, not if. When would India’s telecoms market be reduced to a duopoly? The inevitable happened this week with billionaire Kumar Birla’s decision to resign as non-executive chairman of Vodafone… More

  • billionaire-richard-li’s-pccw-to-sell-data-center-business-to-digital-bridge-for-$750-million

    Billionaire Richard Li’s PCCW To Sell Data Center Business To Digital Bridge For $750 Million

    Billionaire Richard Li attends the annual Milken Institute Global Conference in Beverly Hills, … [+] California, U.S., on April 28, 2015. Patrick T. Fallon/Bloomberg Hong Kong-based telecom operator PCCW—controlled by billionaire Richard Li—has agreed to sell its data centre business to DigitalBridge for $750 million, cashing in on the rising demand for cloud computing as… More

  • china-education-stocks-plunge,-highlighting-policy-risks-facing-investors

    China Education Stocks Plunge, Highlighting Policy Risks Facing Investors

    Signage for New Oriental Education & Technology Group. Photographer: Nelson Ching/Bloomberg 2012 Bloomberg Finance L.P. Shares in Chinese education companies that tutor students on school curriculum plunged today on reports that the government may ask them to convert to non-profits, highlighting anew risks facing investors in the country’s stocks. Rules being mulled would likely no… More

  • star-withdraws-proposal-to-merge-with-billionaire-james-packer’s-crown

    Star Withdraws Proposal To Merge With Billionaire James Packer’s Crown

    A Crown Resorts logo at the entrance to the Crown Melbourne casino and entertainment complex in … [+] Melbourne, Australia, on Wednesday, March 24, 2021. Carla Gottgens/Bloomberg Star Entertainment Group said Friday it pulled its proposed merger with Crown Resorts—controlled by billionaire James Packer—amid allegations of tax evasion and lax money laundering controls at Crown’s… More

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