Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
World Billionaires
News about billionaires and other highlights of net-worth individuals from other parts of the world.
Elon Musk renews Starlink push for India, targeting 440 million rural users locked out of 4G coverage
Elon Musk has renewed his pitch for Starlink in India, targeting the country's 440 million rural internet users as SpaceX reapplies for regulatory approval to deploy its next-generation satellite constellation.
A Tesla worker would need 2.5 million years to match Elon Musk's 2025 pay of $158 billion, AFL-CIO data shows
AFL-CIO data shows Tesla's CEO-to-worker pay ratio hit 2,522,203-to-1 in 2025, with Elon Musk credited with $158.3 billion in compensation against a median employee salary of $57,243.
Billionaire Ray Dalio says put 10% to 15% of your portfolio into gold
Ray Dalio has told investors to underweight bonds and hold 10% to 15% in gold, warning a US debt crisis could arrive within five years.
Billionaire Dr. Dre says the only people who fear AI are those who struggle to create
Billionaire Dr. Dre says he uses AI in the studio and that only people who struggle to create see it as a threat.
Elon Musk's Tesla and SpaceX are building a 100 million square foot chip plant in Texas
Tesla, SpaceX and Intel are building Terafab, a 100 million square foot chip plant in Texas, with a first phase costing $16.8 billion.
Billionaire Bill Ackman pledges $400 million to brain research after his daughter's stroke
Bill Ackman and Neri Oxman have founded the Ackman Oxman Institute with $400 million in Pershing Square shares, after his daughter's stroke.
Billionaire Robert F. Smith's Vista is exploring a $3 billion sale of Allvue Systems
Vista Equity Partners, founded by Robert F. Smith, has hired Evercore and Barclays to explore a sale of Allvue Systems at up to $3 billion.
Billionaire Woody Johnson buys into Lawrence Stroll's Aston Martin F1 team as US market appetite grows
Billionaire Woody Johnson, owner of the New York Jets and a 43% stakeholder in Crystal Palace, has acquired a minority stake in Lawrence Stroll's Aston Martin Formula 1 team and joined its board as vice chairman.
Billionaire Harold Hamm launches a multibillion-dollar plan to drill Argentine shale
The US oil billionaire's Continental Resources is buying half of Phoenix Global Resources and plans to invest $4 billion drilling Argentina's Vaca Muerta shale formation.
Robinhood's billionaire CEO Vlad Tenev says a 'tokenization supercycle' is just beginning
Robinhood chief Vlad Tenev says global markets are in an early 'tokenization supercycle,' as on-chain equity trading reportedly hit a record $9 billion this year.
Elon Musk says SpaceX will hit $1 trillion in revenue by 2030 but Amazon may beat him to it first
Elon Musk says SpaceX will reach $1 trillion in revenue by 2030, but with analysts forecasting just $44.6 billion this year, Amazon may claim the milestone first.
Billionaire Mark Zuckerberg and Priscilla Chan reportedly buy an Irish castle
Mark Zuckerberg and his wife Priscilla Chan have reportedly bought Strancally Castle in County Waterford, a Gothic-revival mansion set on a 440-acre riverside estate.
Billionaire Warren Buffett's Berkshire Hathaway adds $17 billion to Alphabet stake, making Google its third-largest holding
Warren Buffett's Berkshire Hathaway added roughly $17 billion to its Alphabet stake in the second quarter, making Google's parent company the third-largest position in its equity portfolio at $36.6 billion.
Japanese billionaire Yusaku Maezawa's new $350 million superyacht has a two-storey art gallery
Yusaku Maezawa's new $350 million superyacht Nausicaä holds nine cabins, a helipad, an Olympic pool and a two-storey art gallery.
Zara billionaire Amancio Ortega pays $202 million for a Baker Street rental block
Amancio Ortega's Pontegadea paid £150 million for a Baker Street rental building, Bloomberg reported, its first UK build-to-rent deal.