AvatarForbesAvatarAvatarNowChinese Tech Billionaire Lei Jun Launches Electric Vehicles At Cheaper Prices Amid Heavy CompetitionForbes - Yue WangLei Jun, the cofounder of Chinese smartphone giant Xiaomi, said the company’s first electric vehicle, the SU7, will be sold at a starting price of 215,900 yuan ($30,000) during a launch ceremony on Thursday evening that marks the mogul’s official entry into China’s hotly contested market. The tech …
AvatarForbesAvatarAvatar5 hours agoMike Johnson Is The Least Wealthy House Speaker This CenturyForbes - Kyle MullinsInhis first address as Speaker of the House, Mike Johnson invoked his father, a former firefighter in Shreveport, Louisiana. “All I ever wanted to be when I grew up was the chief of the fire department in Shreveport,” he said. Today, he is second in line for the presidency and battling a far-right …
AvatarForbesAvatarAvatar9 hours agoFounder Of AI-Driven Japanese Discount Supermarket Chain Becomes A BillionaireForbes - Catherine WangLast week’s listing of discount supermarket chain Trial Holdings, which raised $258 million, was Japan’s largest IPO so far this year. Shares of the retailer have jumped 41% since their debut on Tokyo’s Growth bourse, making founder Hisao Nagata, 67, a billionaire. Nagata’s estimated net worth of …
AvatarForbesAvatarAvatar10 hours agoMiner Backed By Indonesian Billionaires To Lift Capex To $2 Billion This YearForbes - Yessar RosendarAmman Mineral Internasional, an Indonesian listed mining company backed by billionaires Anthoni Salim and Agus Projosasmito, says it plans to increase its capital expenditure this year by 31.5% to $2 billion to boost copper and gold output amid recent gains in the price of the metals. The figure was …
AvatarForbesAvatarAvatar12 hours agoBillionaire Lei Zhang’s Hillhouse, Others Buy Stake In GDS Data Centers Outside China For $587 MillionForbes - Jonathan BurgosBillionaire Lei Zhang’s Hillhouse Investment, Boyu Capital and other investors have agreed to buy a 44% stake in GDS Holdings’ data center assets outside mainland China for $587 million. Shanghai-based GDS Holdings will retain a 56% stake in Singapore-based GDS International after the transaction is …
AvatarForbesAvatarAvatar22 hours agoHow Nicole Shanahan, Robert F. Kennedy Jr.’s VP Pick, Got So RichForbes - Kyle MullinsIndependent presidential candidate Robert F. Kennedy Jr. announced Nicole Shanahan, a Silicon Valley lawyer, as his running mate at a rally on Tuesday. Shanahan, who has no prior background in politics, told the Oakland, California crowd that her goals as vice president are “to serve peace and to …
AvatarForbesAvatarAvatarHere’s How Much Donald Trump Is WorthForbes - Dan AlexanderWhat’s Donald Trump really worth? People have been asking the question for decades, though never with as much urgency as they are today. The answer: $6.4 billion, according to our most recent tally, conducted March 26, 2024. Below, Forbes offers an asset-by-asset breakdown of the Trump fortune. By Dan …
AvatarForbesAvatarAvatar1 day agoThe Rise Of Crypto’s Billion Dollar ZombiesForbes - Steven EhrlichWith bitcoin soaring once again, blockchains are suddenly much more valuable. More than 50 of them are now worth over $1 billion—despite many having few users. In2012 when Blockchain pioneers Jed McCaleb, Arthur Britto and David Schwartz created Ripple Labs and its new cryptocurrency, known as XRP, …
AvatarForbesAvatarAvatar1 day agoDevelopers Backed By Asian Billionaires Bid For $6 Billion Singapore ProjectForbes - Jonathan BurgosThai billionaire Charoen Sirivadhanabhakdi’s Frasers Property and City Developments—controlled by Singaporean real estate tycoon Kwek Leng Beng—have forged an alliance with three other Asian developers to bid for the development of a central business district in the western Singapore suburb of …
AvatarForbesAvatarAvatar1 day agoBillionaire Bachtiar Karim’s Invictus Expands Australia Hotel FootprintForbes - Gloria HaraitoInvictus Developments, the Singapore-based property arm owned by Indonesian billionaire Bachtiar Karim’s family, is expanding its hotel footprint Down Under with a A$29.8 million ($26.2 million) project to convert an office building in Sydney into a 152-room hotel. The 15-story office building on …
AvatarForbesAvatarAvatar1 day agoBillionaire Salim-Backed Firm To Build $2.5 Billion Tourism Estate North Of JakartaForbes - Yessar RosendarPantai Indah Kapuk Dua (PIK 2)—a listed Indonesian property developer backed by billionaire Anthoni Salim and entrepreneur Sugianto Kusuma—plans to invest 40 trillion rupiah ($2.5 billion) to develop a 1,755- hectare tourism estate in Banten, a coastal town north of Jakarta, the company announced …
AvatarForbesAvatarAvatar1 day agoE-Commerce Giant Alibaba Halts Logistics Unit IPO As Valuation SlidesForbes - Yue WangAlibaba Group is further retreating from a corporate overhaul announced a year ago by calling off an initial public offering for logistics unit Cainiao, as investors seem unlikely to cough up as much as the company expected. The e-commerce behemoth announced in a late Tuesday filing its decision to …