Billionaires/Millionaires

Singapore’s Downtown is slowly becoming a place to work, live and play in

The downtown skyline will be further enhanced by the construction of more iconic buildings and luxury towers in the coming years.

Rich Americans had a good 2025. Everyone else fell behind

A protester wears a mask with the image of billionaire Elon Musk, whose wealth grew five times more in 2025 than at the end of 2022.

Surging billionaire wealth a political threat, Oxfam warns as Davos forum opens

Protesters wearing a mask of Tesla CEO Elon Musk, Germany's Chancellor Friedrich Merz and US Vice-President J.D. Vance hold cardboard cut-out euro banknotes while taking part in a demonstration against the World Economic Forum.

Buyout billionaire Kim wins court fight over arrest bid

Prosecutors sought to take Michael Kim ByungJu into custody as part of a probe into his firm’s management of beleaguered supermarket chain Homeplus.

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.

E-paper

Newsletters

Podcasts

RSS Feed

About Us

Terms & Conditions

Privacy Policy

Need help? Reach us here.

Advertise with us

MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.