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Millionaires and billionaires

Millionaires and billionaires
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.
The Bank of America building in New York. Photo: TNS
United States

Bank of America to pay US$72.5 million to settle Epstein victim lawsuit

The suit claims the bank’s executives ‘ignored red flags’ about Epstein’s sex-trafficking venture to provide him with financial services.

Celebrity Families

Meet Lara Cosima, who just got engaged to Kering heir François Pinault Jr

France

France raids bank in probe of diplomat over Epstein links

Wealth management

Hong Kong a ‘safe harbour’ for family wealth as global tensions rise: officials

City provides a stable platform for growth and deployment of capital amid ‘uncertainty and conflicts’, Financial Secretary Paul Chan says.

Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
United States

OnlyFans owner Leonid Radvinsky dead at 43 after cancer battle

Radvinsky built a multibillion-dollar fortune as his adult content platform surged in popularity.

Wealth management

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

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United States

Elon Musk misled Twitter shareholders, US jury finds

The world’s richest person could be ordered to pay out as much as US$2.6 billion in damages.

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Elon Musk is seen at the White House in March 2025. Photo: Reuters
Jeffrey Epstein

Norway crown princess says she was ‘manipulated’ by Epstein

Recent polls show most Norwegians oppose the idea of Mette-Marit ever becoming queen.

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Crime

US House panel subpoenas Pam Bondi in Epstein probe

US attorney general faces accusations that the Justice Department has concealed the names of Epstein associates in its release of documents.

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Singapore

‘Super Rich’ star David Yong hit with 12 new charges in Singapore

The Evergreen Group CEO, who has been in and out of court since August 2024, now faces a total of 17 charges.

David Yong speaks at an event promoting “Super Rich in Korea”. Photo: Instagram/dynimm
Hong Kong property

Hong Kong businessman expected to take loss on Peak sites he bought for US$255m

Tender for three Peak Road lots follows sale by Chan King-wai’s family of another Peak property last year at estimated 56 per cent loss.

The sites at 86, 88 and 90 Peak Road sold in 2017 for about US$255 million. Photo: Google Map
Britain

UK’s ex-prince Andrew and Peter Mandelson pictured in bathrobes with Epstein

This is thought to be the first photo unearthed of the two men with the late US sex trafficker.

Chow Tai Fook

Bling it on: Chow Tai Fook’s US$115,000 gold AirPods case sparks online buzz

Gold gadgets and hair clips ignite discussion online as the jeweller looks to the ultra-rich to set the gold standard for luxury spending.

Britain

UK PM Starmer admits his ‘mistake’ in appointing Mandelson as US ambassador

Starmer faces fresh questions about his judgment over the appointment despite being warned of Mandelson’s relationship with Jeffrey Epstein.

British Prime Minister Keir Starmer, right, with Britain’s former US ambassador Peter Mandelson in 2025. Photo: Pool Photo via AP
Britain

UK PM Starmer was warned of ‘reputational risk’ in appointing Mandelson

The concerns were raised in a document sent to Starmer in December 2024 before he appointed Mandelson as US ambassdor.

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Peter Mandelson leaves his home in north London on Wednesday. Photo: via AP
Tesla

Elon Musk on course to become world’s first trillionaire as wealth soars

The Tesla and SpaceX boss cements his status as the world’s wealthiest person after his fortune swelled by roughly US$500 billion over the past 12 months.

Banking & finance

Deutsche Bank bets on Hong Kong boom as Asian billionaires look beyond US assets

Hong Kong is becoming a focal point for Asian billionaires seeking to pivot away from US exposure, Deutsche Bank’s private bank says.

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United States

Wealth, drugs and rape: US luxury real estate stars convicted of sex trafficking

Once the kings of high-stakes property, Alexander twins Oren and Alon and brother Tal face life in prison after a trial exposed a pattern of drugged assaults.

Brothers Alon Alexander, Oren Alexander and Tal Alexander in court. Image: Jane Rosenberg via Reuters
Hong Kong property

Singapore property clan puts rare Hong Kong estate up for US$38.4 million tender

Sale of compound in Southern district by family linked to Wah Ha Realty comes as Hong Kong’s luxury home market shows signs of recovery.

Emma Watson

Who is Emma Watson’s rumoured new boyfriend, Gonzalo Hevia Baillères?

Baillères comes from a billionaire family and previously dated Mexican pop star Belinda, who wrote a song that appeared to diss him.

Hong Kong

Adrian Cheng maps out investment plan in line with China’s 5-year plan

The former CEO of NWD plans to spend more time in mainland China this year to scope out tech investment targets.

Adrian Cheng says he has invested in a Chinese robotics firm. Photo: Handout
Hong Kong property

Hong Kong, Sydney or Dubai? Prime real estate investors take their pick

Rich buyers are reshaping ultra-luxury property markets from Sydney and Hong Kong to Dubai, drawn by each city’s unique selling proposition.

Illustration: Henry Wong
India

China reclaims title as world’s billionaire capital: Hurun Rich List

Global billionaire population hits record, led by Elon Musk, as China adds 287 names and AI emerges as a top wealth generator.

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Singapore

Hin Leong founder OK Lim has Singapore jail term cut to 13½ years on appeal

Once considered a ‘legend in Singapore’s oil industry’, Lim was convicted of cheating HSBC and abetting forgery in 2024.

United States

Bill Clinton says had no knowledge of Epstein sex crimes as videos released

US House releases videos of Clinton depositions in the Jeffrey Epstein probe, featuring hours-long sworn testimony.

Former US president Bill Clinton testifies to a congressional panel about his ties to Jeffrey Epstein. Photo: House Oversight Committee via Reuters
Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

More than 1,700 investors have completed their commitments and received formal approval from the Immigration Department. Photo: Jelly Tse
United States

Bill Clinton grilled over Epstein ties by US lawmakers

His testimony follows that of his wife, Hillary Clinton, who says the panel asked her about UFOs and a 2016-era conspiracy theory.

Hong Kong property

Hong Kong’s ‘king of shops’ sells home on The Peak for US$41.3 million

Veteran retail property investor says there is no point in holding on to the flat amid low rental yield and sluggish leasing market.

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