https://www.scmp.com/rss/517917/feed The latest news on entrepreneur Ken Griffin, founder and CEO of Citadel LLC, including American business news and updates. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agence France-Presse Agence France-Presse It looked like a rock concert: hundreds of the world’s rich and powerful stood in a massive line for a precious seat to hear US President Donald Trump deliver his speech in the Swiss ski resort of Davos. After a two-hour wait, the doors to the World Economic Forum’s congress hall closed to the disappointment of many who had to scramble for spots in four overflow rooms to watch him on television screens. The exclusive crowd included executives of top companies, academics and politicians – even... https://www.scmp.com/news/world/united-states-canada/article/3340738/huge-lines-laughs-and-gasps-trump-addresses-davos?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3340738/huge-lines-laughs-and-gasps-trump-addresses-davos?utm_source=rss_feed Wed, 21 Jan 2026 16:00:12 +0000 Paul Buck Paul Buck The United States and China are racing to put humans on the moon for the first time since 1972 in a competition that goes far beyond technological bragging rights. Both countries are seeking to set up lunar bases that could be used to explore the moon and other points in the solar system. The moon also contains potentially valuable raw materials, including rare earth minerals and helium-3, a possible super-fuel, adding an economic and geopolitical edge to the lunar race. “If we fall behind, if... https://www.scmp.com/plus/article/3336898/lunar-race-pits-china-against-us-humans-seek-return-moon?utm_source=rss_feed https://www.scmp.com/plus/article/3336898/lunar-race-pits-china-against-us-humans-seek-return-moon?utm_source=rss_feed Thu, 18 Dec 2025 08:07:11 +0000 Ling Xin Ling Xin A former Nasa administrator has warned that America’s plan to return astronauts to the moon is technically unworkable, urging a much simpler approach – similar to China’s – as the only realistic way to stay ahead. Mike Griffin, a 76-year-old aerospace engineer who led Nasa during the George W. Bush administration, told Congress that the Artemis programme “cannot work” because it relies on an overly complex design and many unproven technologies. Under the current plan, the Artemis III mission... https://www.scmp.com/news/china/science/article/3335865/former-nasa-chief-calls-new-us-approach-moon-landing-much-chinas?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3335865/former-nasa-chief-calls-new-us-approach-moon-landing-much-chinas?utm_source=rss_feed Wed, 10 Dec 2025 13:00:10 +0000 Kamala Thiagarajan Kamala Thiagarajan Few people know that the great auction houses of the United States and Europe are not only some of the world’s largest brokers of fine and decorative art, jewellery and collectibles, they are also catering to the booming demand for prehistoric fossils. Auction houses are involved in selling these specimens to rich private collectors. Last week, a juvenile specimen of Ceratosaurus nasicornis, one of four skeletons of the ancient species known to exist, was auctioned off by Sotheby’s for US$30.5... https://www.scmp.com/opinion/world-opinion/article/3319007/blockbuster-auctions-dinosaur-skeletons-dont-do-science-any-favours?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3319007/blockbuster-auctions-dinosaur-skeletons-dont-do-science-any-favours?utm_source=rss_feed Tue, 22 Jul 2025 08:30:09 +0000 He may have reportedly given over US$500 million to Harvard and US$2 billion in charitable donations overall, but billionaire Kenneth Cordele Griffin recently made headlines for halting his funding to the prestigious university over its handling of alleged antisemitism on campus. The move has brought his wealth sharply into focus. Griffin made his US$37 billion fortune through business and spends much of it on philanthropy, educational donations, record-breaking properties, super expensive art... https://www.scmp.com/magazines/style/entertainment/article/3252045/how-billionaire-investor-ken-griffin-makes-and-spends-his-money-he-stopped-donating-harvard-hes?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3252045/how-billionaire-investor-ken-griffin-makes-and-spends-his-money-he-stopped-donating-harvard-hes?utm_source=rss_feed Thu, 15 Feb 2024 11:00:10 +0000 Florida Governor Ron DeSantis entered the 2024 presidential race last May with swagger, high expectations and US$130 million in the bank under the direction of a top Republican strategist. His was a campaign with so much promise. It began to fall apart weeks after it launched. He exited the race on Sunday less than a year later with cratering poll numbers, a team fractured by infighting and a laundry list of regrets. The political world will study his campaign as an example of what not to do:... https://www.scmp.com/news/world/united-states-canada/article/3249311/how-ron-desantis-2024-presidential-campaign-unravelled-hubris-infighting-and-awkward-moments?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3249311/how-ron-desantis-2024-presidential-campaign-unravelled-hubris-infighting-and-awkward-moments?utm_source=rss_feed Mon, 22 Jan 2024 05:58:41 +0000 Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth US$218 billion after fees, according to estimates by LCH Investments, a fund of hedge funds. Hohn’s TCI Fund Management made US$12.9 billion to top LCH’s rankings, followed by Citadel, which made US$8.1 billion. The annual survey focuses on money managers with the most overall profits in absolute dollar terms since inception, and... https://www.scmp.com/business/money/article/3249281/hedge-funds-led-chris-hohns-tci-and-ken-griffins-citadel-cap-bumper-year-profits-2023-lch-survey?utm_source=rss_feed https://www.scmp.com/business/money/article/3249281/hedge-funds-led-chris-hohns-tci-and-ken-griffins-citadel-cap-bumper-year-profits-2023-lch-survey?utm_source=rss_feed Mon, 22 Jan 2024 02:10:31 +0000 Hong Kong-based hedge fund Torq Capital Management is closing up shop after more than seven years of operation, with its founder and chief investment officer, Avinash Abraham, moving to Citadel, the companies said. The market-neutral fund focusing on Asian equities was founded in 2016 by Abraham, former head of Asia for Balyasny Asset Management and a former portfolio manager at Citadel, which is among the world’s biggest and most profitable hedge funds. Torq, seeded by Alibaba Group Holding... https://www.scmp.com/business/banking-finance/article/3248439/hong-kong-hedge-fund-torq-capital-winds-down-founder-heads-citadel?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3248439/hong-kong-hedge-fund-torq-capital-winds-down-founder-heads-citadel?utm_source=rss_feed Mon, 15 Jan 2024 04:44:04 +0000 Finneas and his long-time girlfriend Claudia Sulewski seem to be going strong, as the couple celebrated their milestone five-year anniversary in September this year. “Half a decade with the love of my life. Lucky us,” Sulewski wrote at the time, adding a heart emoji. Earlier this month, Finneas celebrated his partner’s launch of her new beauty brand Cyklar in Los Angeles, with A-list guests like Kaia Gerber, Julia Garner, Mark Foster of Foster the People and, of course, Finneas’ sister Billie... https://www.scmp.com/magazines/style/entertainment/article/3245433/who-finneas-beauty-youtuber-girlfriend-claudia-sulewski-billie-eilishs-brother-has-been-dating?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3245433/who-finneas-beauty-youtuber-girlfriend-claudia-sulewski-billie-eilishs-brother-has-been-dating?utm_source=rss_feed Mon, 18 Dec 2023 10:00:26 +0000 Evan Spiegel is no stranger to the ups and downs of helming a major tech company. In 2015, Spiegel became one of the youngest billionaires in the world – just four years after launching Snapchat. Between 2021 and 2022 though, Spiegel saw his net worth tank by almost 83 per cent as Snap Inc. contended with year-over-year losses and problems with its advertising business. Now, at 33, he’s worth around US$2.6 billion, according to the latest estimates from Forbes. Snapchat still ranks among the... https://www.scmp.com/magazines/style/entertainment/article/3244951/rise-and-plateau-snapchat-billionaire-evan-spiegel-his-privileged-upbringing-la-dropping-out?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3244951/rise-and-plateau-snapchat-billionaire-evan-spiegel-his-privileged-upbringing-la-dropping-out?utm_source=rss_feed Wed, 13 Dec 2023 22:00:21 +0000 Lynn Farah Lynn Farah From art collections and private jets to massive stakes in companies, hip-hop artists have set the tone for savvy business-minded musicians. They have showed how diversifying beyond the recording studio can add longevity to their careers as well as dollars to their bank accounts. Here’s a run-down of some of the world’s wealthiest hip-hop artists according to Celebrity Net Worth and Forbes – so who takes the throne? 10. Snoop Dogg: US$160 million Snoop D-O-double G, as his legions know him,... https://www.scmp.com/magazines/style/entertainment/article/3244948/10-richest-hip-hop-artists-2023-net-worths-ranked-pharrell-williams-diddy-jay-z-drake-kanye-west-and?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3244948/10-richest-hip-hop-artists-2023-net-worths-ranked-pharrell-williams-diddy-jay-z-drake-kanye-west-and?utm_source=rss_feed Wed, 13 Dec 2023 20:00:16 +0000 Giannis Antetokounmpo is one of the best basketball players on the planet – and he’s quickly becoming one of the richest. The 28-year-old Milwaukee Bucks forward – known to many as “The Greek Freak” – has racked up an impressive array of accolades before reaching his 30th birthday. He won back-to-back NBA MVP awards in 2019 and 2020, collected his first championship ring along with Finals MVP honours in 2021 – and earned seven All-Star nods over his 10 seasons in the league. Here’s how... https://www.scmp.com/magazines/style/entertainment/article/3244795/how-giannis-antetokounmpo-makes-and-spends-his-millions-nbas-greek-freak-and-milwaukee-bucks-forward?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3244795/how-giannis-antetokounmpo-makes-and-spends-his-millions-nbas-greek-freak-and-milwaukee-bucks-forward?utm_source=rss_feed Tue, 12 Dec 2023 10:00:23 +0000 Podcaster, comedian, commentator and TV host Joe Rogan has evolved his career to become one of the most talked-about podcasters in the world, amassing an estimated wealth of US$120 million, according to Celebrity Net Worth. But just how did an Ultimate Fighting Championship (UFC) commentator become one of the richest and most prominent and controversial voices of the moment? Here’s a look at Joe Rogan and his money journey. Joe Rogan’s MMA path to wealth Growing up in New Jersey in the US, a... https://www.scmp.com/magazines/style/people/article/3244645/how-joe-rogan-makes-his-money-us200-million-spotify-deals-comedy-specials-ufc-commentator-ex-fear?utm_source=rss_feed https://www.scmp.com/magazines/style/people/article/3244645/how-joe-rogan-makes-his-money-us200-million-spotify-deals-comedy-specials-ufc-commentator-ex-fear?utm_source=rss_feed Mon, 11 Dec 2023 11:00:11 +0000 Sumnima Kandangwa Sumnima Kandangwa Just this weekend, Creed actor Michael B. Jordan was involved in a dangerous collision when he slammed his Ferrari into a parked car in Los Angeles. Luckily the actor walked away unharmed. Over the years, there have been numerous other celebrity car accidents. From minor fender benders to potentially fatal incidents, here are five stars who had luck on their side and emerged unscathed from a car crash. 1. Michael B. Jordan Michael B Jordan's $430,000 Ferrari is DESTROYED in horror crash outside... https://www.scmp.com/magazines/style/entertainment/article/3244383/5-celebrities-who-walked-away-car-crashes-2023-and-earlier-cristiano-ronaldo-and-michael-b-jordan?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3244383/5-celebrities-who-walked-away-car-crashes-2023-and-earlier-cristiano-ronaldo-and-michael-b-jordan?utm_source=rss_feed Sun, 10 Dec 2023 21:00:09 +0000 They call themselves the Daddy Gang – the millions of fans who follow her every move, listen religiously to her podcast, and try and track her down based on clues from her Instagram Stories, that is. Alex Cooper is a podcast phenomenon. Arguably the most successful female podcaster ever, Cooper, 29, signed a US$60 million three-year deal with Spotify in 2021 for her podcast Call Her Daddy. The deal saw her join the ranks of Joe Rogan, the Obamas and Prince Harry and Meghan Markle – and made her... https://www.scmp.com/magazines/style/people/celebrities/article/3244078/meet-alex-cooper-bold-female-voice-behind-call-her-daddy-shes-evolving-just-her-multimillion-dollar?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3244078/meet-alex-cooper-bold-female-voice-behind-call-her-daddy-shes-evolving-just-her-multimillion-dollar?utm_source=rss_feed Thu, 07 Dec 2023 10:00:13 +0000 Deion Sanders and Tracey Edmonds have officially called it quits, after being engaged for four years, the couple announced on December 3. “We have mutually decided that it is best for us to move forward in life as friends and have made this decision with love in our hearts, respect for each other and appreciation for the time we’ve shared together,” Edmonds wrote on Instagram. The news comes just days after Sanders was named Sports Illustrated’s Sportsperson of the Year. Sanders and Edmonds,... https://www.scmp.com/magazines/style/entertainment/article/3244002/who-tracey-edmonds-and-why-did-she-split-deion-sanders-coach-and-super-bowl-champs-ex-who-was?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3244002/who-tracey-edmonds-and-why-did-she-split-deion-sanders-coach-and-super-bowl-champs-ex-who-was?utm_source=rss_feed Wed, 06 Dec 2023 10:00:21 +0000 Congratulations are in order as Vanessa Hudgens, Disney’s 2000s sweetheart, is officially married! According to People, the High School Musical star, 34, tied the knot with her fiancé Cole Tucker, 27, in Tulum, Mexico, over the weekend. The lovebirds first confirmed their engagement in a photo shared by Hudgens in February, in which the actress showed off her new ring in front of the Eiffel Tower in Paris. Vanessa Hudgens tied the knot 💍 pic.twitter.com/Mv1HZDOilj — Sandra (@SandraaAyman)... https://www.scmp.com/magazines/style/entertainment/article/3243999/who-vanessa-hudgens-new-husband-cole-tucker-disney-star-and-coachella-queen-first-met-her-baseball?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3243999/who-vanessa-hudgens-new-husband-cole-tucker-disney-star-and-coachella-queen-first-met-her-baseball?utm_source=rss_feed Wed, 06 Dec 2023 10:00:19 +0000 In late November, TMZ Sports broke the news that the NBA is currently looking into allegations around Oklahoma City Thunder player Josh Giddey – based on claims that he allegedly had an “inappropriate relationship with a minor”. This week, it was confirmed that Gloria Allred, a famous American lawyer, would be representing the family of the girl with whom Giddey is accused of having an improper relationship, per AP. The news comes after the Newport Beach, California, police department also... https://www.scmp.com/magazines/style/entertainment/article/3243895/who-josh-giddey-and-why-he-embroiled-controversy-australian-nba-oklahoma-city-thunder-basketball?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3243895/who-josh-giddey-and-why-he-embroiled-controversy-australian-nba-oklahoma-city-thunder-basketball?utm_source=rss_feed Tue, 05 Dec 2023 13:00:13 +0000 Ahoy, Swifties! If you’ve ever imagined yourself in a picturesque moment, staring out at sea in a nice dress during sunset as the chorus of “Wildest Dreams (Taylor’s Version)” plays in the background, now’s your chance. A Taylor Swift-themed cruise is setting sail in 2024. The fan-sponsored event organised by Marvelous Mouse Travels will take Swifties on a Royal Caribbean cruise sailing from the port of Miami to Nassau, Bahamas. According to a post by event organisers in the Facebook group for... https://www.scmp.com/magazines/style/lifestyle/travel-hotels/article/3242917/will-taylor-swift-attend-cruise-themed-after-her-2024-how-book-royal-caribbean-holiday-swifties?utm_source=rss_feed https://www.scmp.com/magazines/style/lifestyle/travel-hotels/article/3242917/will-taylor-swift-attend-cruise-themed-after-her-2024-how-book-royal-caribbean-holiday-swifties?utm_source=rss_feed Mon, 04 Dec 2023 11:00:20 +0000 Britney Spears recently celebrated her 42nd birthday on Saturday, with a guest who usually stays out of the spotlight: her brother Bryan Spears. His attendance to her party was confirmed by People magazine. The pop icon’s party turned into a mini family reunion as Spears’ mother Lynne Spears was in also attendance. Britney only reconciled with her mother in May, as per People. Two days before her birthday, Britney shared a picture of her brother captioned, “My big brother who’s like a dad and my... https://www.scmp.com/magazines/style/entertainment/article/3243747/meet-bryan-spears-britneys-older-brother-and-best-friend-pop-star-celebrated-her-42nd-birthday-her?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3243747/meet-bryan-spears-britneys-older-brother-and-best-friend-pop-star-celebrated-her-42nd-birthday-her?utm_source=rss_feed Mon, 04 Dec 2023 10:00:33 +0000 Necker Island, better known as Richard Branson’s private paradise in the British Virgin Islands, is an unspoilt and carefully protected area in the Caribbean. It sits on 30 hectares (74 acres) of turquoise waters, and Branson has said the island is not only his favourite hideaway, but also his home, per Virgin’s website. Branson recently announced that, for the first time, Necker Island would be open to the public for the next two months, per People. The island has previously only been available... https://www.scmp.com/magazines/style/lifestyle/travel-hotels/article/3243495/inside-richard-bransons-private-island-paradise-now-open-public-virgin-billionaires-necker-island?utm_source=rss_feed https://www.scmp.com/magazines/style/lifestyle/travel-hotels/article/3243495/inside-richard-bransons-private-island-paradise-now-open-public-virgin-billionaires-necker-island?utm_source=rss_feed Sat, 02 Dec 2023 22:00:11 +0000 Known as America’s “most avid trophy-home buyer”, Oracle’s billionaire co-founder Larry Ellison is certainly no stranger to the property market and has consistently invested in it over the years. Snapping up everything from mega mansions and hotels to temples and whole islands, Ellison now owns a property portfolio worth well over US$1 billion. The 79-year-old Ellison, currently the fourth richest person in the world (up from 10 in 2020), has seen his net worth drastically increase to over... https://www.scmp.com/magazines/style/entertainment/article/3243504/oracle-co-founder-larry-ellisons-billion-dollar-property-portfolio-villa-kyoto-and-japanese-inspired?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3243504/oracle-co-founder-larry-ellisons-billion-dollar-property-portfolio-villa-kyoto-and-japanese-inspired?utm_source=rss_feed Sat, 02 Dec 2023 21:00:09 +0000 Age has never been a concern for the Queen of Pop when it comes to love. Madonna’s relationship with her boxer boyfriend Josh Popper is still going strong almost a year down the line, despite the three-decade age gap between the two. The pop superstar was 64 and her beau a mere 29 when they started dating. Madge had previously been linked to Andrew Darnell, a 23-year-old model. Since Popper and Madonna’s romance blossomed earlier this year, the “Like a Virgin” singer has revealed that he has... https://www.scmp.com/magazines/style/people/article/3243069/who-josh-popper-madonnas-29-year-old-boxer-boyfriend-model-met-all-6-her-kids-and-perhaps-even-her?utm_source=rss_feed https://www.scmp.com/magazines/style/people/article/3243069/who-josh-popper-madonnas-29-year-old-boxer-boyfriend-model-met-all-6-her-kids-and-perhaps-even-her?utm_source=rss_feed Tue, 28 Nov 2023 11:00:17 +0000 While uber-wealthy types like Elon Musk, Jeff Bezos and Richard Branson are trying to make their mark in space, another billionaire is focusing on Earth instead – more specifically, the most expensive and outrageous properties on the planet. Meet Ken Griffin, the businessman who founded and runs Citadel, a Miami-based hedge fund firm. Griffin manages over US$60 billion in assets through Citadel and Citadel Securities, which trades more stocks than any other company in the world. According to... https://www.scmp.com/magazines/style/people/entrepreneurs/article/3242573/outdoing-trumps-mar-lago-ken-griffins-real-estate-portfolio-billion-dollar-palm-beach-home-nycs?utm_source=rss_feed https://www.scmp.com/magazines/style/people/entrepreneurs/article/3242573/outdoing-trumps-mar-lago-ken-griffins-real-estate-portfolio-billion-dollar-palm-beach-home-nycs?utm_source=rss_feed Sat, 25 Nov 2023 20:00:16 +0000 Private equity firms that amassed more than US$1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales. But mounting concerns about the risks of investing in mainland China have left so-called secondary buyers demanding discounts of 30 per cent to more than 60 per cent, according to people... https://www.scmp.com/business/banking-finance/article/3241422/private-equity-firms-seek-way-out-china-after-us15-trillion-betting-spree?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3241422/private-equity-firms-seek-way-out-china-after-us15-trillion-betting-spree?utm_source=rss_feed Tue, 14 Nov 2023 01:59:17 +0000 Former US secretary of state Hillary Clinton is hoping that Chinese President Xi Jinping will see it is in China’s interest to “dig in” with US President Joe Biden at their meeting in California next week to find ways to cooperate on issues such as climate change. Speaking via video link during the Bloomberg New Economy Forum in Singapore, Clinton said Xi would find in Biden “a receptive partner” and the meeting would be a chance for the two superpowers to “reset the table”. Describing Xi as... https://www.scmp.com/week-asia/politics/article/3240931/us-china-meeting-chance-reset-ties-even-xis-third-term-poses-challenges-ahead-hillary-clinton?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3240931/us-china-meeting-chance-reset-ties-even-xis-third-term-poses-challenges-ahead-hillary-clinton?utm_source=rss_feed Thu, 09 Nov 2023 10:30:18 +0000 Heavyweights from Goldman Sachs and Morgan Stanley will be among about 300 global bankers who will descend on Hong Kong next month, as the city’s monetary authority taps the world’s top financial minds for opportunities amid economic and political complexities in a post-Covid-19 world. The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is organising the second edition of its Global Financial Leaders’ Investment Summit from November 6 to 8, with a welcome dinner at the... https://www.scmp.com/business/banking-finance/article/3236955/hong-kongs-2023-global-bankers-summit-draws-goldman-ubs-and-about-90-ceos-citys-vibrancy-showcase?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3236955/hong-kongs-2023-global-bankers-summit-draws-goldman-ubs-and-about-90-ceos-citys-vibrancy-showcase?utm_source=rss_feed Thu, 05 Oct 2023 16:01:11 +0000 Citadel Securities, Ken Griffin’s market-making business, hired BlackRock Inc’s former China head to spearhead its business just as the US$10.3 trillion Chinese stock market is regaining its composure and favour among foreign investors after years of market crackdown. Tang Xiaodong will join the company in September, and lead its China team to work closely with local clients, business partners and regulators, the company said. He quit BlackRock, the world’s biggest money manager, in early June,... https://www.scmp.com/business/markets/article/3229465/citadel-securities-hires-former-blackrock-china-head-ex-regulator-lead-expansion-us10-trillion?utm_source=rss_feed https://www.scmp.com/business/markets/article/3229465/citadel-securities-hires-former-blackrock-china-head-ex-regulator-lead-expansion-us10-trillion?utm_source=rss_feed Mon, 31 Jul 2023 06:16:45 +0000 The oldest Hebrew Bible in the world has sold at Sotheby’s auction house in New York for US$38 million. The ancient leather-bound, handwritten parchment volume, which dates from around 900 AD, “contains almost the entirety of the Hebrew Bible,” making it the most complete early copy to exist, according to Sotheby’s. It is known as the Codex Sassoon – named after its former owner, David Solomon Sassoon, a collector who amassed a significant collection of Judaica and Hebraica manuscripts in the... https://www.scmp.com/news/world/united-states-canada/article/3221337/oldest-hebrew-bible-world-missing-600-years-sells-auction-us38-million?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3221337/oldest-hebrew-bible-world-missing-600-years-sells-auction-us38-million?utm_source=rss_feed Sun, 21 May 2023 18:26:14 +0000 This is the second part of a two-part series looking at upcoming changes at Hong Kong Exchanges and Clearing Limited, which operates the Hong Kong bourse and owns the London Metal Exchange. The fallout from the chaos in nickel trading last March has hurt volumes at the 146-year-old commodities bourse, spawned lawsuits and emboldened potential competitors. Part one is here. The London Metal Exchange (LME) is still struggling to regain its reputation and standing as the predominant market for... https://www.scmp.com/business/banking-finance/article/3213837/london-metal-exchange-owned-hkex-seeks-rebuild-reputation-dominance-year-after-nickel-chaos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3213837/london-metal-exchange-owned-hkex-seeks-rebuild-reputation-dominance-year-after-nickel-chaos?utm_source=rss_feed Sat, 18 Mar 2023 02:00:18 +0000 A new hotel is getting ready to shake up London’s already competitive luxury lodging scene. When the Peninsula London opens later this year, it will be stocked with extravagant amenities. Every room will have a Dyson hair dryer, state-of-the art phone chargers, a walk-in wardrobe with a vanity and a separate “valet box” – a way to leave items for staff to pick up from the room without opening the door, ensuring guest privacy. For a luxurious soak in the tub, the bathrooms lined with honey onyx... https://www.scmp.com/magazines/style/news-trends/article/3208549/inside-luxury-hotel-opening-next-buckingham-palace-peninsula-london-boasts-views-royal-gardens-rolls?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3208549/inside-luxury-hotel-opening-next-buckingham-palace-peninsula-london-boasts-views-royal-gardens-rolls?utm_source=rss_feed Tue, 31 Jan 2023 03:43:37 +0000 Ken Griffin’s Citadel churned out a record US$16 billion in profit for clients last year, outperforming the rest of the industry and one of history’s most successful financial plays. The top 20 hedge fund firms collectively generated US$22.4 billion in profit after fees, according to estimates by LCH Investments, a fund of hedge funds. Citadel’s gain was the largest annual return for a hedge fund manager, surpassing the US$15 billion that John Paulson generated in 2007 on his bet against... https://www.scmp.com/business/banking-finance/article/3207746/ken-griffins-citadel-makes-us16-billion-profit-2022-top-john-paulsons-greatest-trade-ever?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3207746/ken-griffins-citadel-makes-us16-billion-profit-2022-top-john-paulsons-greatest-trade-ever?utm_source=rss_feed Mon, 23 Jan 2023 03:26:20 +0000 Citadel’s billionaire founder, Ken Griffin, called Donald Trump a “three-time loser” and said he hoped the former president would “see the writing on the wall” and not run for the White House again, making way for Florida Governor Ron DeSantis. “I’d like to think that the Republican Party is ready to move on from somebody who has been for this party a three-time loser,” Griffin said, citing Trump’s 2020 defeat, the loss of Georgia Senate seats in 2021 and this year’s midterms. DeSantis, who... https://www.scmp.com/news/world/united-states-canada/article/3199721/billionaire-ken-griffin-tells-donald-trump-drop-white-house-bid-and-make-way-ron-desantis?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3199721/billionaire-ken-griffin-tells-donald-trump-drop-white-house-bid-and-make-way-ron-desantis?utm_source=rss_feed Tue, 15 Nov 2022 12:30:16 +0000 Ron DeSantis won a second term as Florida governor, a victory that could bolster a potential challenge of former president Donald Trump for a White House run in 2024. The Republican governor beat Democratic challenger Charlie Crist by a tally of 59 per cent to 40 per cent in the third most populous state in the US, according to Associated Press. DeSantis, 44, hasn’t said he plans to run in 2024 and squarely avoided questions about the presidential race during his debate with Crist. Still, he has... https://www.scmp.com/news/world/united-states-canada/article/3199003/ron-desantis-re-election-florida-puts-2024-and-donald-trump-sight?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3199003/ron-desantis-re-election-florida-puts-2024-and-donald-trump-sight?utm_source=rss_feed Wed, 09 Nov 2022 08:29:40 +0000 The owners of US baseball team the Chicago Cubs have teamed up with Citadel founder Ken Griffin to work on a bid to buy English Premier League club Chelsea, a spokesman for Griffin said. The Cubs’ owners, the Ricketts family and Griffin have formed an investment group which is set to make a formal offer for the London club on Friday. Reuters has been told the bid does not involve Citadel, the hedge fund business, only Griffin. The Ricketts family said they would be leading the investment group... https://www.scmp.com/sport/football/article/3170771/chicago-cubs-owners-former-chelsea-hero-gianluca-vialli-rival-bids?utm_source=rss_feed https://www.scmp.com/sport/football/article/3170771/chicago-cubs-owners-former-chelsea-hero-gianluca-vialli-rival-bids?utm_source=rss_feed Thu, 17 Mar 2022 04:22:47 +0000 Ken Griffin’s Citadel is offering its Hong Kong employees up to HK$40,000 (US$5,100) for hotel quarantine stays, the latest financial firm to try to help its staff navigate the city’s controversial zero-Covid policy. The American asset manager and securities firm will provide reimbursement to its more than 200 employees in the city for the personal costs of hotel quarantine following a single trip to see friends or family or simply to just get away between now and September 30, 2022, according... https://www.scmp.com/business/banking-finance/article/3157975/citadel-joins-jpmorgan-morgan-stanley-and-goldman?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3157975/citadel-joins-jpmorgan-morgan-stanley-and-goldman?utm_source=rss_feed Wed, 01 Dec 2021 05:00:18 +0000 Robinhood Markets and Citadel Securities had starring roles in the GameStop trading frenzy that rocked financial markets this year. Now, they have among the most to lose as US regulators threaten a clean up. In his most revealing comments so far about how Washington might respond to the meme-stock mania, Securities and Exchange Commission (SEC) Chairman Gary Gensler shined a spotlight on online brokerages and market makers that dominate the business of executing retail investors’ equity... https://www.scmp.com/business/companies/article/3132417/us-regulators-mull-new-rules-could-threaten-robinhood-citadel?utm_source=rss_feed https://www.scmp.com/business/companies/article/3132417/us-regulators-mull-new-rules-could-threaten-robinhood-citadel?utm_source=rss_feed Thu, 06 May 2021 02:16:11 +0000 Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivalling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters say the barriers to entry are mounting. The city state’s is facing the worst recession in its history, forcing a rethink for some firms on expansion... https://www.scmp.com/news/asia/southeast-asia/article/3099053/singapore-job-markets-tightens-expats-are-feeling-squeeze?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3099053/singapore-job-markets-tightens-expats-are-feeling-squeeze?utm_source=rss_feed Thu, 27 Aug 2020 05:29:21 +0000 Mukesh Ambani, one of the richest men in Asia, has been in the news a lot as Covid-19 cases in the region and his own home country continue to grow. While some have criticised what he and his family have and haven’t done in the wake of the global pandemic, there are also reasons to praise his actions and the potential they have to save lives. Jack Ma vs Mukesh Ambani – who’s the richest man in Asia now? The Ambani tradition of helping Ambani’s firm, Reliance Industries, is the largest firm in... https://www.scmp.com/magazines/style/news-trends/article/3077577/will-mukesh-ambani-donate-fight-coronavirus-indias?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3077577/will-mukesh-ambani-donate-fight-coronavirus-indias?utm_source=rss_feed Mon, 30 Mar 2020 10:00:22 +0000 A £75 million (US$97 million) mansion has hit the market in London, becoming the most expensive residence for sale in the UK capital. The gated, 10-bedroom home comes with an in-house spa with a hot tub, sauna and hammam, as well as a 12-seat cinema, two wine cellars and a pool. The home is located in the affluent residential neighbourhood of St. John's Wood and includes a secure underground garage. Sotheby's did not disclose the current owner of the home. Even if it sells at the asking price,... https://www.scmp.com/magazines/style/luxury/article/3074261/inside-londons-most-expensive-home-us97-million-10-bed?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3074261/inside-londons-most-expensive-home-us97-million-10-bed?utm_source=rss_feed Mon, 09 Mar 2020 12:00:17 +0000 Jeff Bezos is on a shopping spree befitting the world’s richest man. The Amazon founder agreed to pay US$165 million for a Beverly Hills mansion on nine acres, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home. The property designed for Hollywood film titan Jack Warner in the 1930s was described by Architectural Digest in 1992 as the “archetypal studio mogul’s estate”, built in Georgian style with expansive terraces and its own nine-hole golf... https://www.scmp.com/magazines/style/news-trends/article/3050970/jeff-bezos-drops-us165-million-beverly-hills-mansion-so?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3050970/jeff-bezos-drops-us165-million-beverly-hills-mansion-so?utm_source=rss_feed Mon, 17 Feb 2020 18:00:11 +0000 Jeff Bezos is on a shopping spree befitting the world’s richest man. The Amazon.com founder agreed to pay US$165 million for a Beverly Hills mansion on nine acres, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home. The property designed for Hollywood film titan Jack Warner in the 1930s was described by Architectural Digest in 1992 as the “archetypal studio mogul’s estate”, built in Georgian style with expansive terraces and its own nine-hole golf... https://www.scmp.com/news/world/united-states-canada/article/3050364/jeff-bezos-buys-beverly-hills-mansion-record-us165?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3050364/jeff-bezos-buys-beverly-hills-mansion-record-us165?utm_source=rss_feed Thu, 13 Feb 2020 02:41:25 +0000 America’s priciest home is finally getting its finishing touches. Seven years after he started working on “The One”, a 100,000 sq ft mansion in Bel-Air, movie producer turned developer Nile Niami says he’s just about ready to test the market with his ballyhooed US$500 million asking price. Replete with a nightclub, four swimming pools, bowling alley and 360-degree vistas of sun-dappled Southern California, the symbol of America’s latest gilded age has generated a flood of media coverage since... https://www.scmp.com/news/world/united-states-canada/article/3048184/one-us500-million-could-be-americas-most-expensive?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3048184/one-us500-million-could-be-americas-most-expensive?utm_source=rss_feed Thu, 30 Jan 2020 04:45:35 +0000 A Chinese property magnate is close to breaking London’s house-price record with the purchase of a 45-room mansion in Knightsbridge for more than £200 million pounds (US$262 million). The private family office of Cheung Chung Kiu has agreed to buy the palatial home at 2-8a Rutland Gate, overlooking Hyde Park, a spokesman said in an emailed statement. The deal would be a bright spot for the UK capital’s moribund luxury property market, and a sign that the world’s wealthiest are being lured by the... https://www.scmp.com/business/money/wealth/article/3045665/cc-lands-chairman-cheung-splashes-ps210-million-45-room?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3045665/cc-lands-chairman-cheung-splashes-ps210-million-45-room?utm_source=rss_feed Sat, 11 Jan 2020 08:29:36 +0000 A bevy of super-tall, glossy skyscrapers is rising along New York City’s Billionaires’ Row, an area south of Central Park that’s home to some of the most expensive real estate in the city. There’s Central Park Tower, which recently became the tallest residential building in the world. Then there's 220 Central Park South, which broke real estate records when billionaire hedge fund manager Ken Griffin paid US$238 million for a spread of condos. Both towers are expected to be finished some time in... https://www.scmp.com/magazines/style/luxury/article/3036345/uniquely-new-york-inside-steinway-tower-us30-million?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3036345/uniquely-new-york-inside-steinway-tower-us30-million?utm_source=rss_feed Tue, 05 Nov 2019 06:00:05 +0000 I recently toured two of the most expensive areas for real estate in New York City: Billionaires’ Row, a set of super-tall luxury skyscrapers along the southern edge of Central Park, where condos start at more than US$3 million and can cost upwards of US$60 million; and Tribeca, a trendy downtown neighbourhood where the median sale price is a cool US$3.8 million. Tribeca, the city’s richest zip code, has an average income of US$879,000, and has been known to attract celebrities and young people.... https://www.scmp.com/magazines/style/luxury/article/3035135/how-new-york-citys-richest-neighbourhoods-billionaires-row?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3035135/how-new-york-citys-richest-neighbourhoods-billionaires-row?utm_source=rss_feed Mon, 28 Oct 2019 06:00:05 +0000 On paper, it’s the most expensive condo tower in the US. And at 1,550 feet above Manhattan, it’s also the Western Hemisphere’s tallest. Extell Development is building Central Park Tower, the firm’s ultra-luxury follow-up to One57, the Billionaires’ Row skyscraper that touched off the city’s high-end construction boom – and set the stage for the market’s current slowdown. Costly condos aren’t “flying off the shelves like One57 did when we started six or seven years ago, when we were the only game... https://www.scmp.com/property/international/article/3026361/manhattans-tallest-condo-building-central-park-tower-joins?utm_source=rss_feed https://www.scmp.com/property/international/article/3026361/manhattans-tallest-condo-building-central-park-tower-joins?utm_source=rss_feed Mon, 09 Sep 2019 11:15:06 +0000 It is open season for trophy hunters seeking the priciest digs on earth. In a new report on super-penthouses – the ultimate real estate asset for the ultra-high net worth – luxury brokerage List Sotheby's International Realty (List SIR), Singapore, rounds up what is on the market. Whether your home-buying budget is US$20.5 million, or US$335 million, they have a deal for you. Leong Boon Hoe, chief operating officer, List Sotheby’s International Realty, says the growing trend of super-penthouses... https://www.scmp.com/magazines/style/news-trends/article/3017372/super-penthouses-why-rich-buyers-are-willing-pay-top?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3017372/super-penthouses-why-rich-buyers-are-willing-pay-top?utm_source=rss_feed Sun, 07 Jul 2019 02:00:12 +0000 A waterfront estate an hour north of Miami in the US state of Florida has now broken a real-estate record twice. The sale was closed by Tal Alexander and Oren Alexander of The Alexander Team at Douglas Elliman for US$50 million on February 5. It had previously sold for US$47 million in 2012, at that time the most expensive single-family home ever sold in the Miami area. The 10-bedroom home at 3 Indian Creek Island Road sits on two acres of land. Ralph Arias with ONE Sotheby’s International... https://www.scmp.com/magazines/style/news-trends/article/2186583/what-record-breaking-us50-million-glass-mansion-miami?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/2186583/what-record-breaking-us50-million-glass-mansion-miami?utm_source=rss_feed Tue, 19 Feb 2019 02:00:44 +0000 Ken Griffin is showing how a billionaire goes on a shopping spree. Just days after buying one of the most expensive residential properties in London, the Citadel founder set a US record with the US$238 million penthouse at 220 Central Park South. The 24,000 square feet flat will give him a place to stay when he is working in New York, a Citadel spokeswoman said. The price makes it America’s most expensive home. “He’s definitely a global trophy hunter and he bought what would arguably be now the... https://www.scmp.com/business/article/2183413/billionaire-ken-griffin-sets-us-record-most-expensive-property-us238?utm_source=rss_feed https://www.scmp.com/business/article/2183413/billionaire-ken-griffin-sets-us-record-most-expensive-property-us238?utm_source=rss_feed Thu, 24 Jan 2019 02:25:32 +0000