THe Yageo Group company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Taiwan-headquartered Yageo, one of the world’s largest makers of electronics components, remains on the hunt for investments and acquisitions of other manufacturers following two purchases welcomed by stock investors […]
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Edwin Soeryadjaya (left) and Garibaldi Thohir. Soeryadjaya: Antara Foto/Asprilla Dwi Adha; Thohir: Ully Zoelkarnain This story is part of Forbes’ coverage of Indonesia’s Richest 2025. See the full list here. The rocketing price of gold, which peaked at nearly $4,400 per ounce in October, has benefited several fortunes tied to the metal. Garibaldi Thohir and […]
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Otto Toto Sugiri. Ahmad Zamroni for Forbes Asia This story is part of Forbes’ coverage of Indonesia’s Richest 2025. See the full list here. In what was a volatile year, Indonesia’s benchmark stock index shot up 17%, helping lift collective wealth to a record $306 billion from $263 billion last year. To attract investors, The […]
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Medline’s founding family (from left to right): Jim Abrams, Charlie Mills and Andy Mills. Jeff Sciortino for Forbes The Mills family cashed out a majority stake in the family’s medical supplies firm to private equity in 2021. But the coming $50 billion IPO shows that even what they continue to hold is worth a fortune. […]
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Bosideng’s logo at a Shanghai store. (Photo by Costfoto/NurPhoto via Getty Images) NurPhoto via Getty Images Shares in Bosideng International Holdings, China’s biggest home-grown down jacket brand, slid by 1.2% to a more than two-week low at the Hong Kong Stock Exchange today after the company posted relatively small gains in profit and sales during […]
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Esso fuel station in Singapore ExxonMobil Chandra Asri Pacific—controlled by Indonesian tycoon Prajogo Pangestu—said it has obtained $750 million in financing from New York-based private equity firm KKR to support the acquisition of Esso petrol stations in Singapore. Last month, Chandra Asri agreed to buy the 60 Esso petrol stations in the Lion City from […]
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NEW YORK, NEW YORK – NOVEMBER 04: New York City Democratic mayoral candidate Zohran Mamdani celebrates as he takes the stage at his election night watch party at the Brooklyn Paramount on November 4, 2025 in the Brooklyn borough of New York City. (Photo by Michael M. Santiago/Getty Images) Getty Images What would be the […]
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Lawrence Golub (left) speaks on stage at the Forbes/Shook Top Advisor Summit in Las Vegas. Santa Barbara Photography Lawrence Golub, billionaire founder and CEO of private credit firm Golub Capital, emphatically dismissed fears that the rapid growth of private credit, specifically direct lending, is leading to a bubble. Speaking at the ninth annual Forbes/SHOOK Top […]
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A circuit board. Sergio Flores/Bloomberg Surging demand for computer chips and related components amid the AI boom has boosted shares of ISU Petasys, a little-known manufacturer of printed circuit boards in South Korea, by 215% so far this year. The stock rise has made the company’s chairman, Kim Sang-beom, South Korea’s newest billionaire. Kim, 64, […]
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Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent and graduate student loans. Philanthropists could help fill the gap. Antonio Sweeney relied on a mix of private and school scholarships, plus a federal Pell Grant for low income students, to pay for his first […]
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Computer servers in a data center. getty Adani Enterprises—controlled by port-to-power billionaire Gautam Adani—said it and Alphabet’s Google will invest $15 billion over the next five years to develop a gigawatt-scale data center hub in the southeastern Indian state of Andhra Pradesh. AdaniConneX, a joint venture between the Adani Group and data center operator EdgeConneX, […]
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Zong Fuli LONG WEI / Feature China/Future Publishing via Getty Images Zong Fuli, daughter of the late Hangzhou Wahaha Group founder Zong Qinghou, has stepped down as the privately held beverage giant’s chairman and CEO only a year after taking over. The 43-year-old, who is also known by her English name Kelly, resigned on September […]
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An artist impression of the balcony view from Skye at Holland. Courtesy of UOL Group and CapitaLand Development UOL Group—controlled by the family of late banking tycoon Wee Cho Yaw—and partner CapitaLand Development have sold nearly all the units at their residential project during the weekend launch, adding to signs of resilient demand in Singapore […]
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Hong Ju Jeon, Managing Director of LG Electronics India Limited, speaks at a press conference announcing the company’s Initial Public Offering (IPO) in Mumbai, India, on October 1, 2025. (Photo by Indranil Aditya/NurPhoto via Getty Images) NurPhoto via Getty Images LG Electronics India—part of South Korea’s LG Electronics—is raising as much as 116 billion rupees […]
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SpaceX’s Starship sits unstacked from its booster on the launchpad at Starbase in Boca Chica, Texas, in 2023. AFP via Getty Images With two-thirds of the satellites currently in low-Earth orbit, SpaceX has become the king of the heavens, overseeing a growing broadband internet empire on the ground. But when it comes to the nascent […]
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The top 20 owners on The Forbes 400 are worth $607 billion, up 20% from 2024. And with the cutoff rising to $10.1 billion, the club is more exclusive than ever. Over the past three years, Henry Samueli has seen his fortune more than quadruple, from an estimated $6.7 billion in 2022 to $27.7 billion […]
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Jim Irsay’s daughters have inherited an NFL team that has been in their family for 53 years and is now worth $5.9 billion—making them among the richest female owners in sports. On a somber day in June, a month after Indianapolis Colts owner Jim Irsay’s unexpected death, his three daughters sat before a room of […]
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Kiat Lim. Valencia Club de Fútbol This story is part of Forbes’ coverage of Singapore’s Richest 2025. See the full list here. Speculation that healthcare billionaire Peter Lim was looking to sell his majority-owned Valencia CF was put to rest in March, when his 32-year-old son, Kiat, was named president of the Spanish football club. […]
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Goh Cheng Liang. Goh family This story is part of Forbes’ coverage of Singapore’s Richest 2025. See the full list here. Paints tycoon Goh Cheng Liang, whose life epitomized the classic tale of a self-made billionaire, passed away in August at age 98. The one-time fishnet seller and rubber tapper went on to become one […]
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From left: Sherman Kwek and Kwek Leng Beng. City Developments This story is part of Forbes’ coverage of Singapore’s Richest 2025. See the full list here. Earlier this year, property magnate Kwek Leng Beng, 84, took his son Sherman, 49, to court over what appeared to be a battle for control of their family’s crown […]
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Razer, founded and run by Min-Liang Tan for two decades, is prepping to release cutting-edge AI tools to help game developers produce games faster and cheaper and to coach players to sharpen their skills. This story is part of Forbes’ coverage of Singapore’s Richest 2025. See the full list here. Across four floors of office […]
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Forrest Li. Ore Huiying/Bloomberg This story is part of Forbes’ coverage of Singapore’s Richest 2025. See the full list here. On the 60th anniversary of its independence, Singapore posted better-than-expected economic growth of 4.3% in the first half of 2025, thanks to an export overdrive amid tariff-related uncertainties. The city-state’s wealthiest have another reason to […]
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RSP Chairman Kiat Lim (left) and Ismail Ibrahim, the Regent of Johor. Courtesy of RSP Singapore-based RSP Architects, Planners and Engineers, a design firm owned by Singaporean billionaire Peter Lim, said it has been tapped by Ismail, the Regent of Johor (ROJ), to develop a sprawling waterfront estate, which will be the royal family’s private […]
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A VinFast Auto Ltd. electric vehicle VF 5 model to be inspected in the assembly shop at the company’s manufacturing plant in Haiphong, Vietnam on Monday, June 10, 2024. Photographer: Linh Pham/Bloomberg © 2024 Bloomberg Finance LP VinFast Auto is spinning off its research and development assets and then selling it to founder Pham Nhat […]
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Water rushing out of open gates of a hydro electric power station getty A wholly-owned unit of Gulf Development—an energy-to-telecommunications conglomerate controlled by billionaire Sarath Ratanavadi—has agreed to buy out its partner’s stake in a hydro power project in Laos as the Bangkok-listed company steps up investments in clean energy facilities. Gulf Hydropower Holdings is […]
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Barasentosa Lestari coal concession in South Sumatra. Golden Energy And Resources Petrosea—a provider of mining engineering services backed by Indonesian billionaire Prajogo Pangestu—said it won a 3.5 trillion rupiah ($214 million) contract from a coal company controlled by the Widjaja family’s Sinar Mas Group. Under the five year contract, Petrosea will become the mining services […]
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3D rendering illustration of a server room. getty Zhou Chaonan, the billionaire chairman of Chinese data center company Range Intelligent Computing Technology Group, saw her company’s shares rally as much as 9.8% on Tuesday on the back of Nvidia’s announcement that it plans to resume sales of its H20 artificial intelligence chip to China—a surprise […]
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