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

Norway crown princess says she was ‘manipulated’ by Epstein

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Crime

US House panel subpoenas Pam Bondi in Epstein probe

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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.

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.

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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.

Chow Tai Fook’s diamond-studded gold AirPods case is priced at 788,800 yuan. Photo: Handout
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.

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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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.

Elon Musk is the richest person ever recorded, worth an estimated US$839 billion. Photo: AFP
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.

Claudio de Sanctis, head of Private Banking at Deutsche Bank. Photo: Sun Yeung
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.

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.

Who is Emma Watson’s new beau, Gonzalo Hevia Baillères? Photos: YouTube, TNS
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.

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.

Hin Leong founder Lim Oon Kuin arrives for sentencing at the Singapore State Courts on November 18, 2024. Photo: Reuters
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.

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.

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.

Former US president Bill Clinton speaks during the Democratic National Convention in Chicago in August 2024. Photo: AP
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.

General view of Mount Nicholson on The Peak. Photo: Martin Chan
India

Indian tycoon Anil Ambani’s US$410 million building seized in fraud probe

India’s anti-fraud agency said that the Reliance Communications owner had defaulted on over US$4.4 billion worth of bank loans.

Paramount

Paramount poised to acquire Warner Bros after Netflix drops bid

A Paramount merger with Warner Bros would unite two major Hollywood studios, two streaming platforms and two news operations.

Hong Kong property

Hong Kong’s higher stamp duty will not stop luxury homebuyers from China

Mainland buyers accounted for about 80 per cent of the HK$100 million-plus deals in the city so far this year, according to Centaline.

A total of 48 HK$100 million-plus property deals worth HK$10.4 billion have been completed so far this year. Photo: Roy Issa
United States

Hillary Clinton grilled on Epstein, demands Trump testify

Former secretary of state denies Epstein ties in an hours-long deposition, as her husband Bill Clinton is set to face questioning.

Hillary Clinton after testifying before US House lawmakers. Photo: AP
Icons and Influencers

How Amanda Cheung is mixing charity, cocktails and Hong Kong heritage

The community-minded creative on championing Hong Kong culture through F&B and family legacy – particularly her charity work with the First Initiative Foundation (FIF).

Crime

UK protection officers instructed to guard 2010 Epstein party: reports

Emails from the recently unsealed ‘Epstein files’ suggest UK officers were utilised at the sex offender’s New York residence.

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