https://www.scmp.com/rss/501267/feed What's it really like to be a wealthy millionaire or billionaire? Keep up to date with the crazy, rich lives of the world's richest people. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Sumnima Kandangwa Sumnima Kandangwa Gracie Hunt, the daughter of Kansas City Chiefs co-owner, CEO and chairman Clark Hunt, is engaged to Derek Green, the son of former Chiefs quarterback Trent Green. The happy couple shared the news via a joint Instagram post on April 4, featuring a carousel of photos from the proposal, with the caption “It was always you” alongside a ring, heart and infinity symbol emoji. The photos included a close-up of Hunt’s elongated cushion-cut diamond engagement ring, featuring two green emeralds on... https://www.scmp.com/magazines/style/people/celebrities/article/3349639/who-chiefs-heiress-gracie-hunts-fiance-derek-green-son-former-nfl-player?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3349639/who-chiefs-heiress-gracie-hunts-fiance-derek-green-son-former-nfl-player?utm_source=rss_feed Fri, 10 Apr 2026 10:00:12 +0000 Bloomberg Bloomberg Indonesia’s richest man has begun selling small stakes in his listed companies as tighter ownership rules push firms to increase shares available to public investors. Billionaire Prajogo Pangestu sold a 0.56 per cent stake in coal and mining holding Petrindo Jaya Kreasi to boost the company’s free float, according to a stock exchange filing late Thursday. Prajogo-affiliated Green Era Energy this week also sold a fraction of its stake in his Barito Renewables Energy. Regulators are fast-tracking... https://www.scmp.com/news/asia/southeast-asia/article/3349623/indonesias-richest-man-loosens-grip-petrindo-barito-amid-tighter-ownership-rules?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3349623/indonesias-richest-man-loosens-grip-petrindo-barito-amid-tighter-ownership-rules?utm_source=rss_feed Fri, 10 Apr 2026 06:36:48 +0000 Vincenzo La Torre Vincenzo La Torre Skye Hankey, who started out as a successful luxury property agent before marrying Rufus Hankey, the son of car loan mogul Don Hankey, is a regular at the White House and has graced glamorous events such as the Cannes Film Festival and the CFDA (Council of Fashion Designers of America) Awards. She has also had a front-row seat to the inner workings of the fashion industry since she started appearing on red carpets around the world and hobnobbing with industry insiders such as Giambattista Valli... https://www.scmp.com/magazines/style/people/icons-influencers/article/3349604/skye-hankey-philanthropy-and-supporting-emerging-designers-fashion-trust-us?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3349604/skye-hankey-philanthropy-and-supporting-emerging-designers-fashion-trust-us?utm_source=rss_feed Fri, 10 Apr 2026 04:19:21 +0000 Lucy Quaggin Lucy Quaggin US first lady Melania Trump on Thursday rejected what she called “lies” about her relationship with convicted sex offender Jeffrey Epstein, in a rare White House address where she also called on Congress to hold public hearings for his victims. The first lady denied having ties to Epstein or knowledge of his crimes in a brief but strongly worded statement, saying the “lies” linking her to the disgraced financier “need to end today”. “I am not ‌Epstein’s victim,” said Melania Trump, while also... https://www.scmp.com/news/world/united-states-canada/article/3349570/melania-trump-denies-any-ties-epstein-or-knowledge-his-crimes?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3349570/melania-trump-denies-any-ties-epstein-or-knowledge-his-crimes?utm_source=rss_feed Thu, 09 Apr 2026 19:09:47 +0000 Reuters Reuters Former US attorney general Pam Bondi does not plan to appear for a planned interview with a House of Representatives committee on the release of the Jeffrey Epstein files following her firing by US President Donald Trump, the Justice Department told Congress on Wednesday. Bondi was subpoenaed ‌last month to testify in her formal role as attorney general, rendering the demand invalid now that she no longer holds that title, a Justice Department official wrote in a letter to the House Oversight... https://www.scmp.com/news/world/united-states-canada/article/3349438/bondi-wont-appear-us-lawmakers-over-epstein-files-justice-department-says?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3349438/bondi-wont-appear-us-lawmakers-over-epstein-files-justice-department-says?utm_source=rss_feed Wed, 08 Apr 2026 21:39:44 +0000 Peggy Ye Peggy Ye Veteran Hong Kong sports administrator Lawrence Yu Kam-kee is selling his Kowloon Tong home of over 50 years for about HK$190 million (US$24.2 million), after waiting patiently for market conditions to improve. “I had wanted to sell for a long time but waited until the market improved a bit to get a better price,” Yu told the South China Morning Post. He added that he had moved out of the house about a year ago as it was too large for a single occupant. The sale agreement had been signed and a... https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed Thu, 02 Apr 2026 00:30:08 +0000 Agence France-Presse Agence France-Presse Bank of America has agreed to pay US$72.5 million to settle a class-action lawsuit alleging that the bank facilitated a sex-trafficking ring orchestrated by Jeffrey Epstein, court documents showed on Friday. Bank of America said separately that while it continued to deny supporting Epstein’s crimes, “this resolution allows us to put this matter behind us and provides further closure for the plaintiffs”. The suit, filed by an unidentified woman on behalf of herself and other alleged victims,... https://www.scmp.com/news/world/united-states-canada/article/3348228/bank-america-pay-us725-million-settle-epstein-sex-trafficking-lawsuit?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3348228/bank-america-pay-us725-million-settle-epstein-sex-trafficking-lawsuit?utm_source=rss_feed Sat, 28 Mar 2026 03:33:21 +0000 Teresa Mo Teresa Mo Of the world’s nepo babies, few are as proudly glamorous as heiress Lara Cosima (full name: Lara Cosima Henckel von Donnersmarck). The model and socialite’s life is as chic as it is opulent, and she has garnered more than 800,000 followers on Instagram and over 1.2 million on TikTok. Her Parisian apartment is fit for a modern-day royal, and in 2023, she was one of the most highly anticipated attendees at Le Bal des Débutantes, an exclusive debutante ball for the children of the world’s... https://www.scmp.com/magazines/style/people/icons-influencers/article/3347874/meet-lara-cosima-who-just-got-engaged-kering-heir-francois-pinault-jr?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3347874/meet-lara-cosima-who-just-got-engaged-kering-heir-francois-pinault-jr?utm_source=rss_feed Wed, 25 Mar 2026 10:00:21 +0000 Associated Press Associated Press French financial prosecutors said on Tuesday that searches were carried out at several locations, including the Paris arm of Swiss private bank Edmond de Rothschild, as part of an investigation tied to revelations from the files on Jeffrey Epstein. France’s national financial prosecutor’s office said searches were carried out last Friday as part of a preliminary investigation opened last month. Investigators are examining suspicions of bribery involving a foreign public official and complicity... https://www.scmp.com/news/world/europe/article/3347767/french-authorities-search-paris-arm-swiss-bank-epstein-linked-probe?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3347767/french-authorities-search-paris-arm-swiss-bank-epstein-linked-probe?utm_source=rss_feed Tue, 24 Mar 2026 17:37:53 +0000 Peggy Ye Peggy Ye Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the gala dinner of the Wealth for Good in Hong Kong Summit on Tuesday evening. “The rules-based international order is under strain. Some even say it has been ruptured.” Facing such a situation, investors... https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed Tue, 24 Mar 2026 13:52:05 +0000 Agence France-Presse Agence France-Presse Leonid Radvinsky, the reclusive billionaire who acquired adult content platform OnlyFans and transformed it into a multibillion-dollar empire, has died of cancer aged 43, the company announced on Monday. “We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,” an OnlyFans spokesperson said. “His family have requested privacy at this difficult time.” Florida-based Radvinsky, a Ukrainian-American entrepreneur born in Odesa and... https://www.scmp.com/news/world/united-states-canada/article/3347638/reclusive-onlyfans-owner-leonid-radvinsky-dead-43?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3347638/reclusive-onlyfans-owner-leonid-radvinsky-dead-43?utm_source=rss_feed Mon, 23 Mar 2026 18:04:36 +0000 Themis Qi Themis Qi About 130 family office decision-makers and affluent second-generation members from across the world attended a dinner held by the Hong Kong government on Monday evening, including billionaire Pop Mart founder, chairman and CEO Wang Ning. The dinner set the stage for the fourth edition of the Wealth for Good in Hong Kong (WGHK) Summit, themed “Building Lasting Legacies”, which will take place on Tuesday, as the city promotes its capabilities as an international wealth management hub amid global... https://www.scmp.com/business/banking-finance/article/3347628/hong-kongs-family-office-summit-draws-pop-mart-billionaire-among-global-guest-list?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347628/hong-kongs-family-office-summit-draws-pop-mart-billionaire-among-global-guest-list?utm_source=rss_feed Mon, 23 Mar 2026 14:13:17 +0000 Agence France-Presse Agence France-Presse A federal jury in California found on Friday that tech titan Elon Musk misled Twitter shareholders in an effort to drive down the company’s share price as he was poised to buy it in a US$44 billion deal. The verdict in a class action securities lawsuit means the world’s richest person could be ordered to pay out as much as US$2.6 billion, according to damages calculated by jurors. Giuseppe Pampena filed the suit against Musk on behalf of people who sold Twitter shares between mid-May of 2022 and... https://www.scmp.com/news/world/united-states-canada/article/3347400/elon-musk-misled-twitter-shareholders-us-jury-finds?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3347400/elon-musk-misled-twitter-shareholders-us-jury-finds?utm_source=rss_feed Fri, 20 Mar 2026 23:51:38 +0000 Agence France-Presse Agence France-Presse Norway’s Crown Princess Mette-Marit said in an interview broadcast Friday that she was “manipulated” by convicted US sex offender Jeffrey Epstein, whom she accused of extorting others. A commoner who married Crown Prince Haakon in 2001, Mette-Marit’s name appears multiple times in Epstein documents released by the US Department of Justice earlier this year. The files revealed an unexpectedly close friendship between the pair and raised questions in Norway about whether Mette-Marit can become... https://www.scmp.com/news/world/europe/article/3347382/norway-crown-princess-says-she-was-manipulated-epstein?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3347382/norway-crown-princess-says-she-was-manipulated-epstein?utm_source=rss_feed Fri, 20 Mar 2026 14:16:16 +0000 Reuters Reuters A US congressional committee said ⁠on Tuesday it has ⁠issued a subpoena to Attorney General ⁠Pam Bondi to testify behind closed doors in its probe of the late convicted sex criminal Jeffrey Epstein. Bondi faces accusations that the Justice Department has concealed the names of powerful associates of Epstein in its release ‌of millions of documents related to the late financier. Under the subpoena, Bondi would give a sworn deposition to the House of Representatives Oversight Committee on ‌April... https://www.scmp.com/news/world/united-states-canada/article/3346938/us-house-panel-subpoenas-pam-bondi-testify-epstein-investigation?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3346938/us-house-panel-subpoenas-pam-bondi-testify-epstein-investigation?utm_source=rss_feed Tue, 17 Mar 2026 19:29:38 +0000 CNA CNA Singaporean businessman David Yong was given 12 new charges on Monday for conspiring to make false entries in accounts and for his company’s illegal issuing of loans amounting to more than S$1 million (US$780,000). The 38-year-old, whose name in court papers was indicated as Yong Khung Lin, pleaded not guilty in court. The chief executive officer of multinational business and holding company Evergreen Group Holdings, who is on bail of S$1 million, said he would contest all charges. The new... https://www.scmp.com/news/asia/southeast-asia/article/3346793/super-rich-star-david-yong-hit-12-new-fraud-charges-singapore?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3346793/super-rich-star-david-yong-hit-12-new-fraud-charges-singapore?utm_source=rss_feed Mon, 16 Mar 2026 13:52:10 +0000 Peggy Ye Peggy Ye Luxury residential property on Hong Kong’s Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group. Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft. The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph... https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed Mon, 16 Mar 2026 11:53:05 +0000 Agence France-Presse Agence France-Presse A photograph of Britain’s former prince Andrew and veteran politician Peter Mandelson sitting in bathrobes alongside late sex offender Jeffrey Epstein was unearthed on Friday in previously published documents. The image is believed to be the first known photograph of the two men with Epstein. They are both currently engulfed in scandal in the UK over their ties to their mutual friend. The undated photograph, first reported by ITV News, shows King Charles’ disgraced brother and Britain’s former... https://www.scmp.com/news/world/europe/article/3346566/uks-andrew-and-peter-mandelson-pictured-bathrobes-jeffrey-epstein?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3346566/uks-andrew-and-peter-mandelson-pictured-bathrobes-jeffrey-epstein?utm_source=rss_feed Fri, 13 Mar 2026 19:04:36 +0000 Zhu Wenqian Zhu Wenqian Chow Tai Fook Jewellery Group’s recent launch of a series of high-priced gold-inlaid accessories on the mainland has sparked online debate amid China’s slowing consumer market. Last week, the Hong Kong-listed jeweller showcased several items on its official Weibo account, including a diamond-studded gold AirPods case priced at 788,800 yuan (US$115,000) and gold-inlaid hair clips costing 2,080 yuan each, containing 0.42 grams of gold. The earphone case, made with about 350 grams of gold, was... https://www.scmp.com/business/china-business/article/3346436/all-glitters-goes-viral-chow-tai-fook-unveils-us115000-gold-airpods-case?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346436/all-glitters-goes-viral-chow-tai-fook-unveils-us115000-gold-airpods-case?utm_source=rss_feed Fri, 13 Mar 2026 05:00:09 +0000 dpa dpa British Prime Minister Keir Starmer has taken responsibility for his “mistake” in sending Peter Mandelson to Washington as ambassador, as Downing Street denied there was a “cover-up” in the release of files related to the appointment. The prime minister is facing fresh questions about his judgment in giving Mandelson the ambassadorship despite being warned of a “general reputational risk” because of his relationship with paedophile Jeffrey Epstein. In his first public appearance since the... https://www.scmp.com/news/world/europe/article/3346415/uk-pm-starmer-admits-his-mistake-appointing-mandelson-us-ambassador?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3346415/uk-pm-starmer-admits-his-mistake-appointing-mandelson-us-ambassador?utm_source=rss_feed Thu, 12 Mar 2026 16:38:12 +0000 Associated Press Associated Press Documents released on Wednesday by the British government show officials believed there was a “reputational risk” to appointing Peter Mandelson as the US ambassador because of his relationship with convicted sex offender Jeffrey Epstein. The concerns were raised in a document sent to Prime Minister Keir Starmer in December 2024 before he appointed Mandelson to the role, seen as vital to establish a good relationship with the administration of US President Donald Trump. The document also spelled... https://www.scmp.com/news/world/europe/article/3346267/uk-pm-starmer-was-warned-reputational-risk-appointing-mandelson?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3346267/uk-pm-starmer-was-warned-reputational-risk-appointing-mandelson?utm_source=rss_feed Wed, 11 Mar 2026 14:50:35 +0000 Agence France-Presse Agence France-Presse Elon Musk’s estimated US$839 billion net worth has made him the wealthiest individual ever recorded, Forbes said on Tuesday, as billionaires worldwide saw their combined fortunes surge in the past year to an all-time high of US$20.1 trillion. Musk topped the Forbes World’s Billionaires list for the second consecutive year after his fortune swelled by roughly US$500 billion over the past 12 months, driven by rising valuations at Tesla and SpaceX, which is targeting a public offering in 2026. He... https://www.scmp.com/news/world/united-states-canada/article/3346162/elon-musk-course-become-worlds-first-trillionaire-wealth-soars?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3346162/elon-musk-course-become-worlds-first-trillionaire-wealth-soars?utm_source=rss_feed Wed, 11 Mar 2026 02:30:21 +0000 Themis Qi Themis Qi Deutsche Bank is seeking to capitalise on wealthy investors across mainland China, Hong Kong, Taiwan and the Philippines who are looking to diversify away from US assets, as it pushes ahead with ambitious expansion plans in the region. Affluent investors from mainland China, Hong Kong, Taiwan and the Philippines – markets Deutsche Bank groups as “North Asia” – were becoming increasingly uneasy about their heavy exposure to US assets and were looking more closely at opportunities in Europe,... https://www.scmp.com/business/banking-finance/article/3346035/deutsche-bank-bets-hong-kong-wealth-boom-asian-billionaires-look-beyond-us-assets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346035/deutsche-bank-bets-hong-kong-wealth-boom-asian-billionaires-look-beyond-us-assets?utm_source=rss_feed Tue, 10 Mar 2026 23:30:08 +0000 Associated Press Associated Press Three brothers, including two of America’s most successful luxury real estate brokers, were convicted of sex trafficking charges on Monday after a five-week trial over accusations that they used drugs and force to rape scores of women they had dazzled with their wealth and opulent lifestyle. The verdict came after 11 women testified they were sexually assaulted by one or more of the brothers: twins Oren and Alon Alexander, 38, and Tal Alexander, 39. All three of the men shook their heads as the... https://www.scmp.com/news/world/united-states-canada/article/3346030/wealth-drugs-and-rape-us-luxury-real-estate-stars-convicted-sex-trafficking?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3346030/wealth-drugs-and-rape-us-luxury-real-estate-stars-convicted-sex-trafficking?utm_source=rss_feed Tue, 10 Mar 2026 02:23:14 +0000 Peggy Ye Peggy Ye A Singapore-rooted property family has put a rare residential estate in Hong Kong’s Southern district up for tender at about HK$300 million (US$38.4 million), testing demand for trophy homes as the city’s luxury housing market shows early signs of recovery despite soft prices. The tender for Belvedere, a low-density compound in Chung Hom Kok, would close at noon on April 28, according to marketing agent JLL. The property had been held by Remadour Estate since 1993, Land Registry records... https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed Tue, 10 Mar 2026 00:30:08 +0000 Sumnima Kandangwa Sumnima Kandangwa Harry Potter alum Emma Watson has been spotted with a new beau and, according to People, she’s “really into him”. The Little Women actress was first spotted with Mexican entrepreneur Gonzalo Hevia Baillères in late 2025 in Courchevel, France. They were later seen spending time together in Mexico and, most recently, photographed sharing a kiss at an airport last week, seemingly confirming their relationship status. She was previously rumoured to be dating Brandon Green, son of fashion tycoon Sir... https://www.scmp.com/magazines/style/people/celebrities/article/3345968/who-emma-watsons-rumoured-new-boyfriend-gonzalo-hevia-bailleres?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3345968/who-emma-watsons-rumoured-new-boyfriend-gonzalo-hevia-bailleres?utm_source=rss_feed Mon, 09 Mar 2026 10:00:18 +0000 Themis Qi Themis Qi Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), plans to spend more time in mainland China and increase his tech investments this year, with a focus on a range of sectors from artificial intelligence to aerospace, echoing China’s latest five-year plan. “If our country can realise [the 15th five-year plan], we would be stable and secure, and our future will definitely be promising,” Cheng, who is a member of the Chinese People’s Political... https://www.scmp.com/business/money/markets-investing/article/3345918/hong-kong-tycoon-adrian-cheng-doubles-down-tech-step-chinas-5-year-plan?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3345918/hong-kong-tycoon-adrian-cheng-doubles-down-tech-step-chinas-5-year-plan?utm_source=rss_feed Mon, 09 Mar 2026 06:12:38 +0000 Peggy Ye Peggy Ye From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The firm, which handles more than US$300 million in annual sales, has hired six new staff members since... https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed Sat, 07 Mar 2026 03:00:16 +0000 Zhu Wenqian Zhu Wenqian More of the world’s billionaires live in China than anywhere else, after stock market gains and artificial intelligence generated a record number of billionaires globally, according to the latest Hurun Global Rich List. China overtook the United States to recapture bragging rights on the annual report released by Hurun Group on Thursday, with 1,110 billionaires out of 4,020 globally. China added 287 billionaires since the previous edition of the report, more than recouping its losses over the... https://www.scmp.com/business/china-business/article/3345577/china-worlds-billionaire-capital-again-hurun-rich-list-swells-stock-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345577/china-worlds-billionaire-capital-again-hurun-rich-list-swells-stock-surge?utm_source=rss_feed Thu, 05 Mar 2026 10:30:13 +0000 CNA CNA The founder of failed oil trading firm Hin Leong Trading, 84-year-old Lim Oon Kuin, had his jail term cut by four years after a partially successful appeal against his conviction and sentence in a criminal case. Singapore’s High Court on Wednesday rejected his appeal against conviction but allowed his appeal against his sentence of 17½ years. Justice Hoo Sheau Peng said this sentence, when considering his age and the fact he was unlikely to reoffend, was crushing, even with remission. She... https://www.scmp.com/news/asia/southeast-asia/article/3345339/singapore-court-reduces-oil-tycoon-ok-lims-prison-sentence-13-1/2-years-appeal?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3345339/singapore-court-reduces-oil-tycoon-ok-lims-prison-sentence-13-1/2-years-appeal?utm_source=rss_feed Wed, 04 Mar 2026 03:10:08 +0000 Agence France-Presse Agence France-Presse Former US president Bill Clinton said in sworn testimony released on Monday by a US congressional committee that he had no knowledge of the sex crimes of the late financier Jeffrey Epstein. Clinton also said President Donald Trump, a one-time close friend of Epstein, “never said anything to me to make me think he was involved in anything improper with regard to Epstein either”. Bill Clinton and his wife, former secretary of state Hillary Clinton, were deposed last week by the Republican-led... https://www.scmp.com/news/world/united-states-canada/article/3345193/us-house-panel-releases-video-clintons-epstein-depositions?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3345193/us-house-panel-releases-video-clintons-epstein-depositions?utm_source=rss_feed Mon, 02 Mar 2026 22:32:21 +0000 Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Reuters Reuters Bill Clinton told American lawmakers on Friday that he “saw nothing that gave me pause” when he spent time with Jeffrey Epstein, as the former US president gave closed-door testimony about his relationship with the late sex offender. In a prepared statement, Clinton told the House of Representatives Oversight Committee that he would not have flown on the late financier’s plane if ‌he had known about his alleged sex trafficking of underage girls, and would have reported him if he did. “We are... https://www.scmp.com/news/world/united-states-canada/article/3344938/bill-clinton-grilled-over-epstein-ties-us-lawmakers?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3344938/bill-clinton-grilled-over-epstein-ties-us-lawmakers?utm_source=rss_feed Fri, 27 Feb 2026 17:40:35 +0000 Peggy Ye Peggy Ye Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group and long dubbed Hong Kong’s “king of shops”, has sold a flat in the ultra-exclusive Mount Nicholson enclave on The Peak, saying weak rental returns did not make it worthwhile to hold the property any longer. Land Registry records showed Leong sold the 4,566 sq ft four-bedroom flat for HK$323 million (US$41.3 million), or about HK$70,740 per square foot. He bought the property in 2016 for about HK$312 million. While the selling price... https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed Fri, 27 Feb 2026 08:28:24 +0000 Bloomberg Bloomberg Indian investigators have seized a US$410 million luxury condominium building owned by Anil Ambani as part of a widening investigation into alleged bank fraud by the tycoon. The Enforcement Directorate, India’s anti-money-laundering agency, said on Wednesday that it had provisionally taken Ambani’s 17-storey property, known as “Abode,” in the upscale Pali Hill neighbourhood. The agency alleged Ambani had defaulted on over 400 billion rupees (US$4.4 billion) worth of loans from Indian and foreign... https://www.scmp.com/news/asia/south-asia/article/3344800/indian-tycoon-anil-ambanis-us410-million-building-seized-billion-dollar-fraud-probe?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3344800/indian-tycoon-anil-ambanis-us410-million-building-seized-billion-dollar-fraud-probe?utm_source=rss_feed Fri, 27 Feb 2026 02:07:52 +0000 Agence France-Presse Agence France-Presse Paramount Skydance, run by pro-Trump technology heir David Ellison, was poised to take control of Warner Bros. Discovery after Netflix said it would not raise its takeover offer, ending one of the biggest media bidding wars in a generation. The deal puts a constellation of media properties - from CNN to Nickelodeon to HBO - under the control of the family led by Oracle tycoon and White House ally Larry Ellison. Netflix said it was “declining to match” Paramount’s latest offer after the Warner... https://www.scmp.com/news/world/united-states-canada/article/3344795/netflix-abandons-warner-bros-bid-clearing-way-paramount?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3344795/netflix-abandons-warner-bros-bid-clearing-way-paramount?utm_source=rss_feed Fri, 27 Feb 2026 00:35:17 +0000 Peggy Ye Peggy Ye The increase in stamp duty on ultra-luxury homes above HK$100 million (US$12.8 million) is unlikely to change buying behaviour, analysts said, as the structural forces underpinning demand from mainland Chinese buyers could outweigh the impact of the rise in transaction costs. The Hong Kong government, in the annual budget on Wednesday, increased the tax rate on residential transactions above HK$100 million to 6.5 per cent from 4.25 per cent amid a surge in demand for high-end property from... https://www.scmp.com/business/article/3344762/hong-kongs-65-stamp-duty-will-not-stop-luxury-homebuyers-mainland-china-analysts?utm_source=rss_feed https://www.scmp.com/business/article/3344762/hong-kongs-65-stamp-duty-will-not-stop-luxury-homebuyers-mainland-china-analysts?utm_source=rss_feed Thu, 26 Feb 2026 23:30:07 +0000 Agence France-Presse Agence France-Presse Hillary Clinton used her forced appearance Thursday before a Republican-led panel probing Jeffrey Epstein to go on the offensive and demand US President Donald Trump testify about his own links to the sex offender. Clinton said after her deposition when asked if she was confident that her husband did not know of Epstein’s crimes, Clinton said “I am”. “I don’t know how many times I had to say I did not know Jeffrey Epstein,” she added. “I never went to his island, I never went to his homes, I... https://www.scmp.com/news/world/united-states-canada/article/3344784/hillary-clinton-calls-trump-testify-she-faces-us-house-epstein-panel?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3344784/hillary-clinton-calls-trump-testify-she-faces-us-house-epstein-panel?utm_source=rss_feed Thu, 26 Feb 2026 17:39:02 +0000 Gloria Tso Gloria Tso Amanda Cheung – entrepreneur, philanthropist and entertaining conversationalist – is quickly jotting down notes and sketching out mind maps when I catch up with her on an average Wednesday afternoon. The born-and-raised Hongkonger is managing director of the charity First Initiative Foundation (FIF), established in 2010 by her mother, jewellery designer and philanthropist Michelle Ong. Cheung seems to talk – and think – with her hands, as if an endless stream of thoughts and ideas is at her... https://www.scmp.com/magazines/style/people/icons-influencers/article/3344294/amanda-cheung-reimagining-philanthropy-nightlife-and-heritage?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3344294/amanda-cheung-reimagining-philanthropy-nightlife-and-heritage?utm_source=rss_feed Mon, 23 Feb 2026 07:15:08 +0000 Reuters Reuters London police officers assigned to King ⁠Charles’ younger brother ⁠Andrew Mountbatten-Windsor were instructed to provide ⁠security for a dinner party at Jeffrey Epstein’s residence in New York in 2010, British media reported on Sunday. The Sunday Times, which first reported the story, cited emails from the Epstein files that ‌appear to detail arrangements for Mountbatten-Windsor to stay with the late convicted sex offender in December 2010, along with his two protection officers from London’s... https://www.scmp.com/news/world/europe/article/3344277/uk-protection-officers-instructed-guard-2010-epstein-dinner-party-reports-say?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3344277/uk-protection-officers-instructed-guard-2010-epstein-dinner-party-reports-say?utm_source=rss_feed Sun, 22 Feb 2026 17:12:16 +0000 Peggy Ye Peggy Ye The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million (US$31.5 million), with the buyer intending to use it as a “retirement residence”. Land Registry records showed Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on January 29 to acquire House 5 in One Stanley at 128 Wong Ma Kok Road. Nyamtaishir is the president and CEO of Mongolyn Alt (MAK), a... https://www.scmp.com/business/article/3343749/mongolian-mining-family-snaps-us315-million-hong-kong-home-retirement-view?utm_source=rss_feed https://www.scmp.com/business/article/3343749/mongolian-mining-family-snaps-us315-million-hong-kong-home-retirement-view?utm_source=rss_feed Thu, 19 Feb 2026 02:00:13 +0000 Agence France-Presse Agence France-Presse Retail tycoon Les Wexner told US lawmakers on Wednesday that he was “conned” by Jeffrey Epstein and denied any knowledge of his crimes, as Democrats pressed him over his decades-long relationship with the notorious sex offender. The 88-year-old founder of L Brands – the former parent of Victoria’s Secret – gave closed-door testimony from his home in New Albany, Ohio, after being subpoenaed by the House Oversight Committee as part of its investigation into Epstein and his associates. “I was... https://www.scmp.com/news/world/united-states-canada/article/3343948/ex-victorias-secret-ceo-les-wexner-says-he-was-conned-epstein?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3343948/ex-victorias-secret-ceo-les-wexner-says-he-was-conned-epstein?utm_source=rss_feed Wed, 18 Feb 2026 23:37:43 +0000 Ishani Sarkar Ishani Sarkar Google co-founder Sergey Brin – who is estimated to have a net worth of US$245 billion at the time of writing, making him one of the richest people in the world, per Forbes – has a “really wonderful Maga girlfriend”. That’s the title Donald Trump gave to wellness influencer Gerelyn Gilbert-Soto, 32, at a White House dinner last year, which she was attending with her 52-year-old boyfriend, Brin, according to The New York Times. Gilbert-Soto is a vocal supporter of the US president and frequently... https://www.scmp.com/magazines/style/people/icons-influencers/article/3343710/meet-google-co-founder-sergey-brins-maga-girlfriend-influencer-gerelyn-gilbert-soto?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3343710/meet-google-co-founder-sergey-brins-maga-girlfriend-influencer-gerelyn-gilbert-soto?utm_source=rss_feed Tue, 17 Feb 2026 22:00:14 +0000 Agence France-Presse Agence France-Presse An extremely rare Pokemon card owned by American YouTuber Logan Paul has sold for US$16,492,000, smashing the record for the most expensive trading card sold at an auction. The supposedly unique PSA 10-graded Pikachu Illustrator was originally bought by Paul in another record-breaking sale in 2021 for US$5.28 million. This time it was bought by AJ Scaramucci, son of former White House communications director Anthony Scaramucci, according to Guinness World Records, whose representatives verified... https://www.scmp.com/news/world/united-states-canada/article/3343795/unique-pokemon-card-sells-us165-million-smashing-world-record?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3343795/unique-pokemon-card-sells-us165-million-smashing-world-record?utm_source=rss_feed Tue, 17 Feb 2026 04:40:55 +0000 Bloomberg Bloomberg Long after Jeffrey Epstein was known as a convicted sex offender, he was also a top contributor to an elite cluster of groups founded by Harvard University students. For years, he was able to fill a table with “girls” at an annual gala that featured celebrities, billionaires and cultural luminaries. Annual donations of at least US$50,000 to the Hasty Pudding Institute of 1770 – a non-profit umbrella for a social club, theatre troupe and a cappella singers – qualified him as a “Guardian of the... https://www.scmp.com/news/world/united-states-canada/article/3343658/hello-girls-epstein-was-hasty-pudding-donor-years-after-sex-conviction?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3343658/hello-girls-epstein-was-hasty-pudding-donor-years-after-sex-conviction?utm_source=rss_feed Sun, 15 Feb 2026 23:39:15 +0000 Reuters Reuters Goldman Sachs’ chief legal ⁠officer Kathy Ruemmler has resigned, CEO David Solomon said on Thursday, after recent documents by the US Justice Department showed she accepted gifts from late sex offender Jeffrey Epstein and advised him on how to address media inquiries regarding his crimes. The departure of Ruemmler, who was among the top executive officers of the Wall Street firm, was the most high-profile banking exit after the release of the latest Epstein documents by the US Justice Department... https://www.scmp.com/news/world/united-states-canada/article/3343405/top-goldman-sachs-lawyer-resigns-after-epstein-disclosures?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3343405/top-goldman-sachs-lawyer-resigns-after-epstein-disclosures?utm_source=rss_feed Fri, 13 Feb 2026 03:55:23 +0000 Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Bloomberg Bloomberg US Commerce Secretary Howard Lutnick minimised his relationship with Jeffrey Epstein Tuesday even as he acknowledged visiting the disgraced financier at his private island in 2012 after Epstein was a convicted sex offender - and years later than he previously said their relationship ended. Lutnick, speaking to a Senate panel, described going to Epstein’s island after being asked in Tuesday’s hearing about US Justice Department documents showing he had planned a visit. “I did have lunch with him,... https://www.scmp.com/news/world/united-states-canada/article/3343111/trump-commerce-chief-admits-travelling-epstein-island-faces-calls-resign?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3343111/trump-commerce-chief-admits-travelling-epstein-island-faces-calls-resign?utm_source=rss_feed Tue, 10 Feb 2026 17:34:50 +0000 Agence France-Presse Agence France-Presse A defiant British Prime Minister Keir Starmer sought to move on Tuesday from fevered speculation about his future after fighting off strident calls to resign over the Jeffrey Epstein scandal. Following a day of drama on Monday, the Labour leader told a meeting of government ministers that they were “strong and united” after he vowed not to depart office just 19 months into a five-year term. Starmer’s position had looked precarious on Monday when Scottish Labour leader Anas Sarwar demanded his... https://www.scmp.com/news/world/europe/article/3343103/starmer-claims-uk-government-united-amid-calls-quit-over-epstein-fallout?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3343103/starmer-claims-uk-government-united-amid-calls-quit-over-epstein-fallout?utm_source=rss_feed Tue, 10 Feb 2026 14:48:51 +0000 Themis Qi Themis Qi Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years – contributing HK$12.6 billion (US$1.6 billion) annually to the economy – as the affluent refocused on the city amid US trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday. The global auditing firm made the estimates after surveying 136 market participants across Hong Kong’s family office sector, including 85 single-family offices, whose wealth... https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed Tue, 10 Feb 2026 07:20:05 +0000