Chinese billionaires/millionaires

Billionaire Cheng’s units agree to pay Giordano shareholders $242m

The payout from companies owned by billionaire Henry Cheng to Giordano shareholders could total HK$1.5 billion.

Wahaha heiress’ fight over inheritance with half-siblings sends succession warning

Kelly Zong’s delay in setting up trusts worth US$2.1 billion for her half-siblings has prompted them to file a lawsuit.

Mystery $42 billion Chinese medical fortune collapses in days

Nasdaq-listed shares of money-losing Regencell Bioscience Holdings exploded 82,000 per cent higher before they plunged.

Evergrande chairman’s ex-wife bought London luxury homes after property giant defaulted on loans

Ms Ding Yumei was no longer listed as a spouse of Mr Hui Ka Yan in Evergrande’s filing in August 2023.

US added over 1,000 new millionaires a day in 2024 on upbeat markets, stable dollar

Americans’ net worth rose on the back of a stable US dollar and upbeat financial markets.

Billionaire art collectors fight over Giacometti sculpture The Nose

Chinese crypto entrepreneur Justin Sun and American entertainment executive David Geffen are each claiming to be the rightful owner of Alberto Giacometti’s “Le Nez” (The Nose, above).

Bubble tea billionaire ranks swell after latest Hong Kong IPO

The husband-and-wife founders of Auntea Jenny join a wave of Chinese founders who have made fortunes as fresh bubble tea chains exploded in popularity.

Trading firm tied to China’s fallen copper king sells Singapore office at 20 Collyer Quay

Awin Resources International sold the office at 20 Collyer Quay to a subsidiary of developer GuocoLand earlier this month.

Hong Kong property magnate Lee Shau Kee dies at 97

Mr Lee Shau Kee, founder of property company Henderson Land, was one of Hong Kong's richest men.

Chinese beverage heiress sued in Hong Kong over assets dispute

Kelly Zong, president of the Hangzhou Wahaha Group, took over the beverage giant after her father died in 2024.

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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.