Wealth
China billionaire’s 6-billion yuan supermarket deal with Giant owner, JD.com sees swift wealth wipeout
UNTIL recently, China’s budget retail billionaire Ye Guofu had been on a roll, building his fortune as his stores proved a hit in the nation’s slowing economy. Then his...
World’s biggest millionaire boom draws wealth managers to Taiwan
TAIWAN’S position at the heart of the artificial intelligence (AI) boom is generating a dramatic increase in wealth, manufacturing about 90 per cent of the advanced semiconductors crucial to...
DBS sees wealth fees doubling by 2027 as the rich head to Asia
DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world’s affluent investors shift their assets to Asia.DBS’ income from servicing rich clients...
Two Walmart heirs top US$100 billion wealth for the first time
ABUNDANT wealth is nothing new for the Walton family, whose fortune is tied to the world’s largest retailer. But for the first time ever, two Walton heirs have topped...
Citigroup is looking to hire talent in Hong Kong in wealth push
CITIGROUP plans to add talent in Hong Kong as it’s bullish on the city and its links with the surrounding Greater Bay Area in mainland China, according to its...
Digital wealth platform Arta Finance snags strategic investment from EDBI
Arta Finance provides a gateway to private market investments, enabling access to investment tools and financial solutions THE investment arm of the Singapore Economic Development Board, EDBI, has made...
Nvidia’s Jensen Huang loses US$10 billion in his biggest wealth wipeout
NVIDIA chief executive officer Jensen Huang’s wealth tumbled the most ever after a rout in chip stocks and a report that the US Justice Department (DOJ) sent the tech...
Global family office wealth to nearly double to US$9.5 trillion by 2030: Deloitte
GLOBAL family offices are booming, with significant growth in North America and the Asia-Pacific region expected in the next six years.Total estimated family wealth stands at US$5.5 trillion currently,...
