Billionaires/Millionaires

The new (young) billionaires of the AI boom

Alexandr Wang and Lucy Guo founded Scale AI, a data-labelling start-up that received a US$14.3 billion (S$18.4 billion) investment from Meta in June.

A wealth tax floated in California has billionaires thinking of leaving

Governor Gavin Newsom of California speaks during a conversation with Andrew Ross Sorkin at the DealBook Summit in New York, on Wednesday, Dec. 3, 2025. Newsom of California has spoken out against a proposed wealth tax, and is raising money for a committee to oppose it. (Karsten Moran/The New York Times)

Larry Ellison, not Elon Musk, was the tech titan who defined 2025

Oracle co-founder Larry Ellison has been omnipresent, playing a role in just about every major business story of the year.

James Dyson reworks $21 billion family office empire with fund transfers to Singapore firm

Mr Dyson's family investment firm Weybourne has posted job openings in recent weeks for a “new team” in Singapore to support a multi-asset investment portfolio.

Li Ka-shing is remaking his empire as generational shift looms

Hong Kong billionaire Li Ka-shing is shedding or spinning off core businesses to hand his elder son a fresh war chest to reshape the company.

Rich families face tax audits as Indonesia races to plug deficit

Indonesia’s tax ratio is among the lowest in the world, at about 10 per cent of GDP in 2024.

While You Were Sleeping: 5 stories you might have missed, Dec 21, 2025

Newly-released documents from convicted sex offender Jeffrey Epstein, including a number of pictures of former US president Bill Clinton are seen in images released on Dec 19 by the US Justice Department.

Elon Musk becomes first person to cross $900 billion in net worth following pay package ruling

Elon Musk attends the US-Saudi Investment Forum in Washington DC, on Nov 19.

Property tycoon Gordon Tang to acquire Suntec Reit manager

In February, property tycoon Gordon Tang and his wife Celine Tang failed to take over Suntec Reit as their shareholding fell short of the 50 per cent threshold as at the offer closing date.

Tan Su Shan, Ho Ching and Jenny Lee on Forbes’ 2025 list of the world’s most powerful women

(From left) DBS chief executive Tan Su Shan, Temasek Trust chairman Ho Ching and senior managing partner of venture capital firm Granite Asia Jenny Lee are in Forbes’ latest ranking of the world’s most powerful women.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.