Billionaires/Millionaires

Our obsession with rich lists is a problem

Elon Musk’s fortune is estimated by Bloomberg to be worth US$876billion on the occasion of SpaceX’s initial public offering on June 12.

DeepSeek founder Liang Wenfeng is world’s richest creator of AI models

DeepSeek founder Liang Wenfeng’s net worth more than doubled to US$36 billion after his firm’s most recent fundraising round.

US judge rejects Elon Musk’s bid to set aside Twitter fraud verdict

A US district judge found “substantial evidence of falsity” in billionaire Elon Musk's tweet in 2022 that caused Twitter’s stock price to fall significantly.

The supertanker tycoon making millions on Hormuz shuttle runs

After an unprecedented buying spree, Chung Ga-Hyun’s Sinokor Group emerged as a major owner of supertankers moving crude out of the Persian Gulf.

Billionaire Bernard Arnault lauds mathematics in $74 million gift to alma mater

Bernard Arnault’s move is the biggest donation ever to Polytechnique since its creation in 1794.

US Justice Department defends move to drop Indian billionaire Adani criminal charges

Gautam Adani had publicly said he planned to invest US$10 billion in the US just after Americans elected Donald Trump as president in late 2024.

Bangladesh sentences Singaporean tycoon for financial crime; his lawyers say he was not charged

S Alam Group founder and chairman Saiful Alam Masud and 10 associates were sentenced in Chattogram, Bangladesh, in May.

US judge won’t immediately dismiss criminal charges against India’s Adani

FILE PHOTO: Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024. REUTERS/Stringer/File Photo

Billionaire French pharma heir leaves riches to mystery charity

The succession plan of Henri Beaufour, a billionaire heir behind French drugmaker Ipsen SA, began taking effect earlier in June, according to corporate filings.

Taiwanese brothers amass $1.3 billion from boom in display chips

The brothers own 24 per cent of Himax, whose US-listed shares have more than doubled in value in 2026.

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