Haidilao restaurant co-founder Shi bought a good class bungalow in September. The company’s co-founders and their family members now own at least three of the mansions.
Pei Yi Mak
China’s Leapmotor is raising $772 million in a Hong Kong IPO, pushing the fortunes of its founders to $2.8 billion and $1 billion.
Some of Gautam Adani’s companies trade at more than 750 times profit, far higher than Elon Musk’s Tesla or Jeff Bezos’s Amazon.
The Japanese giant’s private investments have increasingly come under scrutiny, and some analysts expect they’ll lead to billions of dollars in losses.
Convoluted ownership structure behind AMTD Digital points to Calvin Choi, an ex-UBS banker who’s fighting an industry ban in Hong Kong.
Xia Haijun was highly valued at the developer before everything unraveled with his involvement in arranging undisclosed loan guarantees.
Batteries, solar panels, and electric cars are spawning more giant fortunes.