https://www.scmp.com/rss/517920/feed The latest news on Sergey Brin, co-founder of Google and former president of Alphabet, including American business news and updates. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters US President Donald Trump appointed Meta Platforms CEO Mark Zuckerberg, Oracle Executive Chairman Larry Ellison and Nvidia CEO Jensen Huang to a council that will weigh ‌in on AI policy and other issues, the White House said on Wednesday. Google co-founder Sergey Brin and AMD CEO Lisa Su are also part of the initial batch of 13 members from the industry named to the President’s Council of Advisors on Science and Technology (PCAST). Trump ⁠has made securing US leadership in artificial... https://www.scmp.com/news/world/united-states-canada/article/3347903/trump-names-ceos-meta-nvidia-13-member-science-and-tech-council?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3347903/trump-names-ceos-meta-nvidia-13-member-science-and-tech-council?utm_source=rss_feed Wed, 25 Mar 2026 14:22:02 +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 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 Bloomberg Bloomberg A person from billionaire Ong Beng Seng’s inner circle was behind the purchase of a superyacht previously owned by Google co-founder Sergey Brin, according to people familiar with the matter. The 73-metre (240 foot) Capricorn was transferred to a new holding company in late October, according to filings reviewed by Bloomberg, which did not disclose the ultimate beneficial owner. The people did not identify or give further details about the buyer. Earlier that month, the real estate tycoon had... https://www.scmp.com/news/asia/southeast-asia/article/3326755/singapore-tycoon-ong-beng-sengs-aide-linked-luxury-superyacht-deal?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3326755/singapore-tycoon-ong-beng-sengs-aide-linked-luxury-superyacht-deal?utm_source=rss_feed Thu, 25 Sep 2025 02:22:39 +0000 In 2018, she married one of the richest men in the world – Google co-founder Sergey Brin. A year after they split, a damning report claimed that the divorce occurred because Nicole Shanahan had an affair with another billionaire – and one of her husband’s best friends – Elon Musk. She denied the claims, but despite that, her name has been linked to Musk since. Now, Shanahan is making headlines again – this time because she dropped millions on a controversial advert for US presidential hopeful... https://www.scmp.com/magazines/style/entertainment/article/3252149/who-nicole-shanahan-who-funded-rfk-jrs-super-bowl-ad-google-co-founder-sergey-brins-ex-allegedly-had?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3252149/who-nicole-shanahan-who-funded-rfk-jrs-super-bowl-ad-google-co-founder-sergey-brins-ex-allegedly-had?utm_source=rss_feed Fri, 16 Feb 2024 10:00:22 +0000 He’s uber-rich, is friends with Silicon Valley tech gods, and gets Kim Kardashian, Leonardo DiCaprio and Serena Williams to attend his private parties. Just who is Wayne Boich? The businessman has a background in mining, energy and property, and is known for his love of padel, the racquet sport described as a cross between tennis and squash. Here’s how the athlete turned into a mining magnate – and then a celebrity darling. Wayne Boich is an astute businessman According to his company profile,... https://www.scmp.com/magazines/style/entertainment/article/3247673/who-wayne-boich-billionaire-hosts-kim-kardashian-leonardo-dicaprio-kylie-jenner-and-snoop-dogg-his?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3247673/who-wayne-boich-billionaire-hosts-kim-kardashian-leonardo-dicaprio-kylie-jenner-and-snoop-dogg-his?utm_source=rss_feed Mon, 08 Jan 2024 21:00:16 +0000 There are exactly 2,640 billionaires in the world, according to Forbes. That’s about 0.00003 per cent of the global population. Despite their scarcity, these billionaires are surprisingly easy to find. After all, birds of a feather – especially those of a small brood – flock their private jets together. At the start of the year, they descend en masse on Davos. In July, they fly to Sun Valley. In December, their yachts stop by St Barts. Here’s where billionaires mingle, wheel and deal, and relax,... https://www.scmp.com/magazines/style/people/icons-influencers/article/3242666/where-richest-people-world-hang-out-through-year-us-event-where-billionaire-jeff-bezos-and-disney?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3242666/where-richest-people-world-hang-out-through-year-us-event-where-billionaire-jeff-bezos-and-disney?utm_source=rss_feed Sun, 26 Nov 2023 20:00:11 +0000 As the final quarter of 2023 draws near, Elon Musk, Mark Zuckerberg and Jeff Bezos are leading a list of 10 mega-billionaires who have seen the biggest wealth surges this year, supercharged by a stock-market rally that steamrolled recession calls. The top 10 wealth gainers of 2023 added a stunning US$397 billion to their combined fortunes year-to-date, according to calculations based on the Bloomberg Billionaires Index. Musk, whose life was chronicled in a biography published recently, saw the... https://www.scmp.com/magazines/style/people/celebrities/article/3235829/these-3-tech-billionaires-saw-biggest-wealth-jump-2023-elon-musk-mark-zuckerberg-and-jeff-bezos-have?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3235829/these-3-tech-billionaires-saw-biggest-wealth-jump-2023-elon-musk-mark-zuckerberg-and-jeff-bezos-have?utm_source=rss_feed Tue, 26 Sep 2023 20:00:10 +0000 Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence (AI) stokes investor excitement and breathes a new life into the sector. The release of ChatGPT last year landed as technology giants were embarking on major lay-offs and cost-cutting plans, with share prices hammered after flying high during the coronavirus pandemic. For the second consecutive quarter, Microsoft has more than reversed the trend, seeing profits and sales... https://www.scmp.com/tech/big-tech/article/3228930/microsoft-google-beat-earnings-expectations-amid-ai-frenzy?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3228930/microsoft-google-beat-earnings-expectations-amid-ai-frenzy?utm_source=rss_feed Wed, 26 Jul 2023 02:52:23 +0000 Reese Witherspoon and Jim Toth have called it quits after more than 11 years of marriage. The two announced the news with a statement posted on Friday to Witherspoon’s Instagram, just days before they were to celebrate their 12th anniversary on Sunday. “It is with a great deal of care and consideration that we have made the difficult decision to divorce,” the statement said. “We have enjoyed so many wonderful years together and are moving forward with deep love, kindness, and mutual respect for... https://www.scmp.com/news/world/united-states-canada/article/3214833/reese-witherspoon-husband-jim-toth-divorce-after-almost-12-years-marriage?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3214833/reese-witherspoon-husband-jim-toth-divorce-after-almost-12-years-marriage?utm_source=rss_feed Sat, 25 Mar 2023 06:45:12 +0000 Paul Graham, founder of technology start-up accelerator Y-Combinator, once said that what it would take to build another Silicon Valley is “the right people”. I truly believe Hong Kong can be the next Silicon Valley – if, and only if, we get the right type of people on board. Essentially, there are only two types: the start-up investor and the geek. Hong Kong has plenty of rich people and “wantrepreneur” investors, but most made their fortune in real estate, finance or manufacturing. They have... https://www.scmp.com/comment/opinion/article/3212655/be-next-silicon-valley-hong-kong-must-focus-people-not-real-estate?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3212655/be-next-silicon-valley-hong-kong-must-focus-people-not-real-estate?utm_source=rss_feed Wed, 08 Mar 2023 22:30:10 +0000 Singapore-based multifamily office Farro Capital says it has amassed more than US$1 billion in assets under management just four months after it launched, highlighting the city state’s rise as a hub for wealthy clans. The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, Maitri Asset Management’s ex-Chief Executive Officer Manish Tibrewal and three others. Much of the current client base is of Indian origin, and the rest... https://www.scmp.com/news/asia/southeast-asia/article/3212016/singapores-status-hub-wealthy-lures-indias-super-rich-asias-richest-man-mukesh-ambani?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3212016/singapores-status-hub-wealthy-lures-indias-super-rich-asias-richest-man-mukesh-ambani?utm_source=rss_feed Thu, 02 Mar 2023 02:45:10 +0000 George and Amal Clooney are practically the celeb king and queen of Lake Como … at the very least they always seem to live like royals in this dreamy destination. Both stylish, sophisticated and immensely talented, it’s no wonder the couple chose to invest in property in the gorgeous region. And boy was it a good investment – George bought their 18th century Villa Oleandra back in 2002 for US$7 million, and today it’s worth a whopping US$100 million. Step anywhere near it though and you’ll be... https://www.scmp.com/magazines/style/celebrity/article/3208221/how-dine-amal-and-george-clooney-lake-como-harrys-bar-and-their-date-night-favourite-il-gatto-nero?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3208221/how-dine-amal-and-george-clooney-lake-como-harrys-bar-and-their-date-night-favourite-il-gatto-nero?utm_source=rss_feed Sat, 28 Jan 2023 17:00:25 +0000 In their bombshell Netflix documentary, Prince Harry and Meghan Markle revealed that back in 2018 they had planned to move to South Africa to continue their charity work and avoid the British media. A country close to both of their hearts, it seemed the perfect place to escape to. However, after the story was leaked to the press, the couple were forced to scrap the idea. Prince Harry’s long-standing love affair with Africa – and in particular with South Africa – is well known. Even his uncle,... https://www.scmp.com/magazines/style/celebrity/article/3208223/escape-african-bush-prince-harry-5-luxury-getaways-try-duke-sussexs-beloved-kruger-national-park?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3208223/escape-african-bush-prince-harry-5-luxury-getaways-try-duke-sussexs-beloved-kruger-national-park?utm_source=rss_feed Fri, 27 Jan 2023 10:00:14 +0000 Over the years, Meghan Markle has always appeared elegant, with well-put-together looks that are both appropriate and stylish. But there are also hidden special meanings in her sartorial choices. Here’s how the Duchess of Sussex incorporates sentimental touches to her outfits … 1. Good Morning America interview, 2019 The Duchess of Sussex kept her husband and son close to her heart in a Good Morning America interview taped in 2019. Markle wore a set of zodiac sign necklaces by Canadian... https://www.scmp.com/magazines/style/celebrity/article/3207400/9-times-meghan-markles-style-choices-had-secret-messages-paying-tribute-queen-elizabeth-and-princess?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3207400/9-times-meghan-markles-style-choices-had-secret-messages-paying-tribute-queen-elizabeth-and-princess?utm_source=rss_feed Thu, 19 Jan 2023 16:10:13 +0000 Since stepping down from Alphabet in 2019, Google founder Sergey Brin has truly been living the high life. Or should that be the “fly life”? When he hasn’t been dodging rumours about his wife and Elon Musk, Brin has spent the past few years building up a collection of yachts better known by insiders as the “Fly Fleet” – and giving a whole new meaning to the phrase “splashing your cash”. In a quiet harbour in California’s Redwood City, around 50km south of San Francisco, there often sits a... https://www.scmp.com/magazines/style/celebrity/article/3206281/inside-google-founder-sergey-brins-multimillion-dollar-fly-fleet-worlds-14th-richest-person-owns?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3206281/inside-google-founder-sergey-brins-multimillion-dollar-fly-fleet-worlds-14th-richest-person-owns?utm_source=rss_feed Tue, 10 Jan 2023 19:00:16 +0000 Singapore ranks among the top five countries for wealthy investors, according to a report published by Henley & Partners, a UK investment migration consultancy. Mainland China and Hong Kong top the net outflows. The research underscores the widening gap between Hong Kong and Singapore in their role as Asia’s hub of choice for family offices – investment vehicles for the ultra-rich to invest and transfer their wealth through generations. The Southeast Asian nation has showcased its success in... https://www.scmp.com/business/banking-finance/article/3204576/cash-residency-scheme-time-hong-kong-catch-singapore-family-office-programme-consultants-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3204576/cash-residency-scheme-time-hong-kong-catch-singapore-family-office-programme-consultants-say?utm_source=rss_feed Wed, 28 Dec 2022 00:30:08 +0000 One of the highest-paid actors in the world in the 1970s, Steve McQueen was the epitome of cool – both in real life and his films. Some of the American star’s classic hits included The Thomas Crown Affair (1968), The Great Escape (1963), Bullitt (1968), The Cincinnati Kid (1965) and Le Mans (1971). But where did the Hollywood icon go to escape from the media frenzy? His luxurious Malibu beach house, of course. And we’ve got some good news about this lavish abode. In case anyone’s looking to... https://www.scmp.com/magazines/style/celebrity/article/3199833/inside-steve-mcqueens-ultra-cool-us17-million-malibu-home-sale-late-hollywood-icons-idyllic-4?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3199833/inside-steve-mcqueens-ultra-cool-us17-million-malibu-home-sale-late-hollywood-icons-idyllic-4?utm_source=rss_feed Wed, 16 Nov 2022 16:10:10 +0000 US$1.4 trillion: that’s how much the 500 wealthiest people in the world cumulatively lost in 2022 alone, Bloomberg has reported. To put that into perspective, that’s about as much as Spain’s GDP last year, which was US$1.43 trillion in 2021, according to The World Bank. With the global economy in a downturn – the United Nations Department of Economic and Social Affairs called the economic outlook “bleak”– not even the world’s wealthiest have been spared from financial woes. So who are the... https://www.scmp.com/magazines/style/celebrity/article/3198737/10-billionaires-who-lost-most-money-2022-ranked-elon-musks-twitter-buyout-and-bill-gates?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3198737/10-billionaires-who-lost-most-money-2022-ranked-elon-musks-twitter-buyout-and-bill-gates?utm_source=rss_feed Mon, 07 Nov 2022 09:48:10 +0000 Asia’s second-wealthiest man, Reliance Industries Ltd. chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. The Mumbai-based billionaire has picked a manager to hire staff for the new entity and get it running, the people said, asking not to be identified because the matter is private. The Ambanis have also chosen real estate, one of the people said. A spokesman for Reliance, who also represents Ambani, wasn’t available for... https://www.scmp.com/news/asia/southeast-asia/article/3195132/indias-reliance-boss-mukesh-ambani-set-family-office?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3195132/indias-reliance-boss-mukesh-ambani-set-family-office?utm_source=rss_feed Fri, 07 Oct 2022 05:01:59 +0000 Google Translate, one of the few remaining consumer services that the US tech giant made available in mainland China, is no longer accessible in the country, marking the company’s latest retreat from the world’s largest internet market. The app has been inaccessible to mainland Chinese users since Saturday. They have been redirected to a generic search bar, with a notice asking users to bookmark the service’s Hong Kong webpage, which is also inaccessible on the mainland. The built-in translation... https://www.scmp.com/tech/big-tech/article/3194599/google-translate-app-no-longer-available-china-marking-us-tech-giants?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3194599/google-translate-app-no-longer-available-china-marking-us-tech-giants?utm_source=rss_feed Sun, 02 Oct 2022 22:00:23 +0000 Elon Musk, the world’s richest man, is also the most famous of his family members. But his mum, dad, siblings and ex-wife, who all share the Musk name, also quietly enjoy enormous self-made fortunes. Elon, 51, grew up in Pretoria, South Africa, with parents Errol and Maye. He’s the eldest of three children, followed by his brother Kimbal and sister Tosca. According to reports, the Musk family lived a very comfortable lifestyle, with the kids going on holidays and attending private schools... https://www.scmp.com/magazines/style/celebrity/article/3191115/who-richest-musk-family-member-after-elon-net-worths?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3191115/who-richest-musk-family-member-after-elon-net-worths?utm_source=rss_feed Fri, 02 Sep 2022 16:05:17 +0000 Australian-born US billionaire Rupert Murdoch, 91, recently finalised his divorce from model and actress Jerry Hall. They announced in a joint statement that legal proceedings had been aborted and instead, “financial arrangements settled out of court”. The two also reportedly remain friends. The news has come as a surprise to many, not least because the media mogul’s seemingly amicable separation sits in contrast to his rather more messy divorce from third wife Wendi Deng, who tabloids described... https://www.scmp.com/magazines/style/celebrity/article/3190331/where-rupert-murdochs-ex-wendi-deng-2022-gutsy-chinese?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3190331/where-rupert-murdochs-ex-wendi-deng-2022-gutsy-chinese?utm_source=rss_feed Sat, 27 Aug 2022 11:00:20 +0000 Jeff Bezos is one of the world’s most talked-about and instantly recognisable figures today, alongside Elon Musk, Bernard Arnault, Gautam Adani and Google’s Sergey Brin. Not only is he the founder and former CEO of tech giant Amazon, he also holds the distinction of being the world’s first centibillionaire, or individual holding a net worth of US$100 billion. In 2018, Bezos registered a net worth of US$167 billion, unseating the then richest person in the world Bill Gates, reported Forbes. But... https://www.scmp.com/magazines/style/celebrity/article/3188951/meet-jeff-bezos-billionaire-parents-jacklyn-and-miguel?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3188951/meet-jeff-bezos-billionaire-parents-jacklyn-and-miguel?utm_source=rss_feed Mon, 15 Aug 2022 17:00:18 +0000 Elon Musk’s empire, which includes SpaceX, Tesla, The Boring Company and Neuralink, is worth around US$270 billion, so it’s no surprise that he has surrounded himself with key figures who protect his personal and business interests. The No 1 person by his side, Jared Birchall, has received plenty of attention in financial circles for his stealthy business mind and ability to solve any problem for his boss. And Musk is a lot to handle. From getting high in public to raising the ire of many for... https://www.scmp.com/magazines/style/celebrity/article/3187716/meet-elon-musks-fixer-jared-birchall-spacex-founder-and?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3187716/meet-elon-musks-fixer-jared-birchall-spacex-founder-and?utm_source=rss_feed Thu, 04 Aug 2022 16:05:08 +0000 Tesla commands high brand awareness, consideration and loyalty, and customers are mostly delighted by its cars. Musk’s antics, on the other hand? They could do without. Before it was reported Musk had an affair with Sergey Brin’s wife, which he’s denied; before his slipshod deal, then no-deal, to acquire Twitter Inc.; before the revelation he fathered twins with an executive at his brain-interface start-up Neuralink; before SpaceX fired employees who called him “a frequent source of distraction... https://www.scmp.com/news/world/united-states-canada/article/3187172/elon-musks-gross-antics-turn-owners-and-would-be?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3187172/elon-musks-gross-antics-turn-owners-and-would-be?utm_source=rss_feed Sat, 30 Jul 2022 14:52:23 +0000 It seems that Elon Musk is the man of 2022 – but not exactly all for good reasons. Recently, it’s been reported that the Tesla founder might have an extramarital affair with Google co-founder Sergey Brin’s wife, Nicole Shanahan. The news broke after The Wall Street Journal reported that his friendship with Brin had ended over the alleged affair. Musk has denied the allegations and wrote a reply on Twitter saying it was “total BS”, adding that he’s still very much friends with the Google... https://www.scmp.com/magazines/style/celebrity/article/3186626/who-nicole-shanahan-elon-musks-alleged-hook-and-sergey?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3186626/who-nicole-shanahan-elon-musks-alleged-hook-and-sergey?utm_source=rss_feed Tue, 26 Jul 2022 10:00:21 +0000 Silicon Valley entrepreneur and philanthropist Nicole Shanahan emerged this weekend at the centre of a rift between two of the world’s richest men, Sergey Brin and Elon Musk. Shanahan and Google co-founder Brin have been married for over three years but announced in June they plan to divorce, citing “irreconcilable differences.” The Wall Street Journal reported this weekend that Tesla CEO Musk and Shanahan had an extramarital affair, an allegation that Musk has since denied. A spokeswoman for... https://www.scmp.com/news/world/united-states-canada/article/3186542/who-nicole-shanahan-woman-centre-rift-between-elon?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3186542/who-nicole-shanahan-woman-centre-rift-between-elon?utm_source=rss_feed Mon, 25 Jul 2022 11:46:59 +0000 Elon Musk has fiercely denied having an affair with the wife of his long-time friend, Google co-founder Sergey Brin, refuting a Wall Street Journal report alleging a liaison that had ripped asunder not only Brin’s marriage but also the friendship between the two men. “This is total BS,” the Tesla boss tweeted Sunday night of the alleged affair, which is said to have occurred while Brin and now-estranged wife Nicole Shanahan were separated but still living together. “Sergey and I are friends and... https://www.scmp.com/news/world/united-states-canada/article/3186442/elon-musk-and-sergey-brins-friendship-ruptures?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3186442/elon-musk-and-sergey-brins-friendship-ruptures?utm_source=rss_feed Mon, 25 Jul 2022 02:57:57 +0000 Billionaires are no strangers to the high life – especially in the case of private jets. Although owning at least one is a staple asset for many of the world’s wealthiest, not all jets are created equal, and some are inevitably more impressive than others – and of course come with different price tags. So, which billionaires own the most extravagant rides? 12. Jay-Z, 52: Bombardier Challenger 850 – US$40 million Net worth: US$1.3 billion Queen Bey and her billionaire hubby Jay-Z treat... https://www.scmp.com/magazines/style/celebrity/article/3184630/14-most-extravagant-celebrity-private-jets-kim?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3184630/14-most-extravagant-celebrity-private-jets-kim?utm_source=rss_feed Sat, 09 Jul 2022 17:00:28 +0000 Los Angeles is home to much of Hollywood’s rich and famous, often in neighbourhoods like Beverly Hills, Bel-Air and Calabasas. But lately, it seems that Malibu has been all the rage and has apparently caught a particular new wave of tech billionaires’ attention, with many looking to expand their property portfolio in the region. Like, who doesn’t love an oceanfront home, right? From WhatsApp’s former CEO Jan Koum to Google co-founder Sergey Brin, we take a look at which billionaires have... https://www.scmp.com/magazines/style/celebrity/article/3183363/inside-4-tech-billionaires-new-malibu-mansions-googles?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3183363/inside-4-tech-billionaires-new-malibu-mansions-googles?utm_source=rss_feed Tue, 28 Jun 2022 16:10:17 +0000 Media mogul Rupert Murdoch and actress Jerry Hall are getting a divorce, The New York Times reported on Wednesday, citing two people familiar with the matter. Murdoch got married to Hall in a low-key ceremony in central London in March 2016. The Fox Corp chairman and his former supermodel wife were frequent fodder for the tabloids, which chronicled their marriage at Spencer House and the festivities surrounding the elder Murdoch’s 90th birthday celebration last year at Tavern on the Green in New... https://www.scmp.com/news/world/united-states-canada/article/3182720/rupert-murdoch-and-jerry-hall-are-getting-divorce?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3182720/rupert-murdoch-and-jerry-hall-are-getting-divorce?utm_source=rss_feed Wed, 22 Jun 2022 19:18:21 +0000 We all know that the richest people on this planet love to spend millions of dollars buying collectible cars, luxurious properties, private aircraft, and other trappings of wealth. But nothing really comes close to a multimillion-dollar superyacht when it comes to establishing your place in the pecking order among the super-rich, as it’s often more about displaying the owner’s wealth and status than a means of relaxation afloat the ocean. From Amazon founder Jeff Bezos to Google co-founders... https://www.scmp.com/magazines/style/celebrity/article/3182380/inside-tech-billionaire-larry-ellisons-us160-million?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3182380/inside-tech-billionaire-larry-ellisons-us160-million?utm_source=rss_feed Mon, 20 Jun 2022 21:00:11 +0000 Sergey Brin, the Google co-founder and world’s sixth-richest person, filed for a divorce from his wife of three years, making him the third mega-billionaire to do so in as many years. Brin filed a petition for dissolution of his marriage to Nicole Shanahan this month, citing “irreconcilable differences,” according to court documents. The couple, who have a three-year-old son, took steps to keep the details of the split private, requesting that documents be sealed by the court. “Because of the... https://www.scmp.com/news/world/united-states-canada/article/3182188/google-co-founder-sergey-brin-seeks-divorce-second?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3182188/google-co-founder-sergey-brin-seeks-divorce-second?utm_source=rss_feed Sat, 18 Jun 2022 00:52:59 +0000 Starting in the early 2010s, getting an invitation to Yuri Milner’s chateau in Los Altos, California, meant you’d made it into Silicon Valley’s most exclusive of exclusive circles. Milner is known for placing what proved to be extremely lucrative bets on Airbnb, Alibaba, Twitter, Facebook and other start-ups – and for being a prolific patron of the sciences. He was friendly with the late Stephen Hawking and is known to socialise with Mark Zuckerberg and actor Edward Norton. When Milner hosted a... https://www.scmp.com/magazines/post-magazine/long-reads/article/3173616/russian-billionaire-facebook-twitter-and-spacex?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/long-reads/article/3173616/russian-billionaire-facebook-twitter-and-spacex?utm_source=rss_feed Fri, 08 Apr 2022 11:18:13 +0000 Not long after the novel coronavirus arrived in Singapore and forced the hyperconnected city state to shut its borders for the first time, a rumour circulated that a little-known investment manager was apparently delivering an astonishing 15 per cent quarterly profit to anyone who invested with him, by trading nickel. As word spread, more Singaporeans clamoured to give their money to the investment manager, a 34-year-old ex-accountant named Ng Yu Zhi. Funds within Ng’s Envy Group soon raised... https://www.scmp.com/magazines/post-magazine/long-reads/article/3170091/u1-billion-ponzi-scheme-scandal-shocked?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/long-reads/article/3170091/u1-billion-ponzi-scheme-scandal-shocked?utm_source=rss_feed Sun, 13 Mar 2022 00:15:19 +0000 The world’s 10 wealthiest people more than doubled their fortunes from US$700 billion to US$1.5 trillion during the coronavirus pandemic as poverty rates soared, according to a study released by charity Oxfam ahead of a high-profile World Economic Forum (WEF) event this week. Heads of state will join chief executives and other prominent figures this week to discuss the planet’s most pressing issues – from climate change to Covid-19 vaccine inequity – at the Davos Agenda 2022 conference. The... https://www.scmp.com/economy/global-economy/article/3163793/worlds-rich-thrived-doubled-fortunes-us15-trillion?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3163793/worlds-rich-thrived-doubled-fortunes-us15-trillion?utm_source=rss_feed Tue, 18 Jan 2022 07:23:27 +0000 It’s never a bad time to be a billionaire, but this is an especially good time to have a 10-figure bank statement. The 10 richest people in the world added US$402 billion to their already enormous fortunes in 2021. The biggest gainer was Elon Musk, who started the year with a net worth of US$156 billion and ended it with around US$277 billion, according to the Bloomberg Billionaires Index. The Tesla founder said he’s planning to pay more than US$11 billion in taxes. Musk’s US$121 billion gain... https://www.scmp.com/news/world/united-states-canada/article/3161831/wealth-worlds-10-richest-ballooned-us402-billion?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3161831/wealth-worlds-10-richest-ballooned-us402-billion?utm_source=rss_feed Sun, 02 Jan 2022 02:03:34 +0000 Silicon Valley executives sometimes seem to believe they are proprietors of a post-racial paradise. The industry’s corporate campuses abound with immigrants, its investors say they like to bet on underdogs and its biggest companies preach the gospel of workplace inclusivity. “Diversity is a foundational value for us,” Sundar Pichai, CEO of Google’s parent company Alphabet, said last year. “We probably have more resources invested in diversity now than at any point in our history as a... https://www.scmp.com/magazines/post-magazine/long-reads/article/3148117/how-racism-silicon-valley-stops-many-asian?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/long-reads/article/3148117/how-racism-silicon-valley-stops-many-asian?utm_source=rss_feed Fri, 10 Sep 2021 21:15:10 +0000 In just a few short weeks, Jeff Bezos will take the riskiest flight of his life, one that takes him 100km (62 miles) above Earth, right to the edge of space. The soon-to-be-ex-Amazon CEO is something of an adventurer, what with his trips out to sea or to the bottom of caves. But that doesn’t exactly make him unique among his peers – in fact, a passion for extreme experiences seems to be a common trait among the world’s billionaires. And Bezos isn’t even the only executive with a passion for... https://www.scmp.com/magazines/style/news-trends/article/3139615/7-billionaires-super-expensive-hobbies-jeff-bezos-has?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3139615/7-billionaires-super-expensive-hobbies-jeff-bezos-has?utm_source=rss_feed Fri, 02 Jul 2021 23:00:18 +0000 Three months ago, Ng Yu Zhi’s name was largely unknown to regular Singaporeans. Then the 34-year-old businessman was accused of fraud amounting to S$1 billion (US$744.5 million), in which he allegedly swindled the money selling nickel deals that never took place. Prosecutors alleged the money probably fuelled a lavish lifestyle. Ng lived in a three-story home with a fancy address and owned the city state’s only Pagani Huayra supercar costing more than S$7 million. Even Ng’s bail is an outsized... https://www.scmp.com/week-asia/economics/article/3139185/singapore-alleged-nickel-fraud-ensnares-members-its-growing?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3139185/singapore-alleged-nickel-fraud-ensnares-members-its-growing?utm_source=rss_feed Tue, 29 Jun 2021 09:46:43 +0000 The world is naturally fascinated by billionaires, and their gilded world of luxurious lifestyles, multimillion-dollar car collections and cutting-edge gadgets. Some billionaires, like the notoriously eccentric Elon Musk and soon-to-be-single Bill Gates, buy private planes to take control of the open skies – others purchase humongous superyachts to traverse the open seas. From Amazon founder Jeff Bezos to Oracle co-founder Larry Ellison, and Google co-founders Sergey Brin and Larry Page, many... https://www.scmp.com/magazines/style/luxury/article/3133804/which-billionaire-has-biggest-superyacht-amazons-jeff-bezos?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3133804/which-billionaire-has-biggest-superyacht-amazons-jeff-bezos?utm_source=rss_feed Mon, 17 May 2021 22:00:13 +0000 To “get rich is glorious”, former Chinese leader Deng Xiaoping is often quoted as saying, although what he actually said was far more nuanced. Certain prominent Chinese entrepreneurs who appear to have taken Deng literally are paying the price for it now. There is little chance of US President Joe Biden cracking down on the super wealthy and powerful to the extent that President Xi Jinping is doing, at least beyond taxing the rich to pay for infrastructure and social care. Maybe he should... https://www.scmp.com/comment/opinion/article/3131814/billionaire-ceos-glamour-stocks-diverting-money-essential-public?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3131814/billionaire-ceos-glamour-stocks-diverting-money-essential-public?utm_source=rss_feed Sun, 02 May 2021 10:30:12 +0000 In the first two and half months of 2021, Realstar Premier Group brokered the sale of five detached houses – including three Good Class Bungalows (GCBs) – and a corner semi-detached house at One Tree Hill estate. The six deals fetched a sales value of S$137.63 million (US$102.7 million). Last year, the firm brokered about S$1 billion landed property transactions – from town houses to GCBs. It was a record year for the firm in its 21-year history. While it is good for business, William Wong,... https://www.scmp.com/business/companies/article/3126526/singapores-good-class-bungalow-prices-soar-celebrity-owners?utm_source=rss_feed https://www.scmp.com/business/companies/article/3126526/singapores-good-class-bungalow-prices-soar-celebrity-owners?utm_source=rss_feed Tue, 23 Mar 2021 04:00:18 +0000 Investment firm Cambridge Associates is opening a Hong Kong office, ramping up its focus on Asia amid a surge in wealth in the region. The Boston-based company that serves clients such as endowments, family offices and pension funds already has offices in Singapore and Beijing. It hired Edwina Ho in February as senior director of business development for Asia and relocated its head of the global private client practice, Mary Pang, to Singapore from San Francisco, according to a statement... https://www.scmp.com/business/banking-finance/article/3124521/investment-firm-cambridge-associates-ultra-rich-clients?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3124521/investment-firm-cambridge-associates-ultra-rich-clients?utm_source=rss_feed Mon, 08 Mar 2021 06:06:24 +0000 As a new or young entrepreneur with big ideas and perhaps little money to spend, a proper office space is often out of the question in the early stages of building a business.  Knowing that, it’s no surprise that childhood bedrooms, home garages, dark basements, and college dorm rooms are where some of today’s most successful companies were born. Here’s where 14 big-name businesses got their start in life. Who is China’s vape and e-cigarette billionaire Kate Wang? Amazon began as an online book... https://www.scmp.com/magazines/style/celebrity/article/3121855/facebook-amazon-and-12-more-companies-born-garage?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3121855/facebook-amazon-and-12-more-companies-born-garage?utm_source=rss_feed Tue, 16 Feb 2021 04:20:30 +0000 The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans towards the Southeast Asian financial hub. Bayshore Global Management, the California-based firm that services Brin, established an office in Singapore late last year, according to documents filed with the corporate regulator. Deputy Chief Investment Officer Marie Young was appointed as a director of the unit. Brin is the world’s ninth richest person, with a net worth of... https://www.scmp.com/news/asia/southeast-asia/article/3120326/google-co-founder-sergei-brin-open-family-office-singapore?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3120326/google-co-founder-sergei-brin-open-family-office-singapore?utm_source=rss_feed Wed, 03 Feb 2021 05:00:28 +0000 [Sponsored article] The world we live in is ever-changing and full of uncertainties, making it more important than ever to plan for the future. As the coronavirus disease, Covid-19, continues to spread, the global economy is expected to plunge into the worst recession since the second world war, according to a June report by the World Bank. Hong Kong is already feeling the pinch. The city’s gross domestic product – a common indicator of the health of an economy – fell by 9 per cent in the second... https://www.scmp.com/presented/news/hong-kong/topics/investing-next-generation/article/3104352/all-family-3?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/topics/investing-next-generation/article/3104352/all-family-3?utm_source=rss_feed Tue, 27 Oct 2020 03:22:41 +0000 What would you do with a million dollars? When it comes to the world’s richest in tech, the question requires slapping on a few more zeros, as the 12 richest tech billionaires have a collective net worth of over US$990 billion. At the top of the list sits Jeff Bezos, of course – Amazon CEO, owner of The Washington Post, and now officially richest man in the world, ever – but who are the other 12? What ultra rich tech entrepreneurs do with their money Meet the tech tycoons as ranked by their net... https://www.scmp.com/magazines/style/celebrity/article/3103093/bill-gates-elon-musk-mark-zuckerberg-and-jeff-bezos-top?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3103093/bill-gates-elon-musk-mark-zuckerberg-and-jeff-bezos-top?utm_source=rss_feed Sat, 26 Sep 2020 22:00:06 +0000 If you’re among the richest people in the world, chances are you’ve found some unusual ways to spend your money. That’s what tech executives like Larry Ellison, Jeff Bezos and Elon Musk have done, anyway – they’ve spent money on everything from a massive chunk of the state of Hawaii to the submarine car from the James Bond film The Spy Who Loved Me. Some tech billionaires are famously frugal, while others spend money on more conventional expenditures like mansions or fabulous holidays. And while... https://www.scmp.com/magazines/style/tech-design/article/3100722/why-do-elon-musk-jeff-bezos-and-larry-ellison-buy?utm_source=rss_feed https://www.scmp.com/magazines/style/tech-design/article/3100722/why-do-elon-musk-jeff-bezos-and-larry-ellison-buy?utm_source=rss_feed Tue, 08 Sep 2020 22:00:16 +0000