Two of China’s best-known entrepreneurs, Pan Shiyi and Zhang Xin, stepped down from their top jobs at the real estate development company they built.
Tag: High Net Worth Individuals
Prince Charles to Stop Accepting Large Cash Donations for Charities
Charles, the heir to the British throne, runs two charities that are under scrutiny for how they have handled donations from the wealthy, including $3.1 million from a former Qatari prime minister.
Leonardo Del Vecchio Dies at 87; Transformed Eyeglass Industry
He merged eyewear with fashion, turning a quotidian necessity into high style. He rose from poverty to become one of the world’s wealthiest men.
The Middlemen Helping Russian Oligarchs Get Superyachts and Villas
They oversee the flow of billions of dollars from Putin-connected Russians to companies involved in superyachts and villas. They’ve drawn the attention of a U.S. task force.
At Davos, a Referendum on the World Economic Forum
Many values espoused by the World Economic Forum — globalization, liberalism, free market capitalism, representative democracy — are under attack.
For Elite? Yes. Ostentatious? Yes. But Also Effective.
For all the criticism of the World Economic Forum’s display of wealth, productive partnerships are indeed formed at Davos, participants say.
At a German Hideaway, Oligarch Villas Challenge a ‘Silent Contract’
Tegernsee, a luxury getaway in Bavaria, is known for quietly hosting the superrich. But war in Ukraine has divided locals about whether the authorities should go after the assets of their wealthy Russian neighbors.
Why Tracking Putin’s Wealth Is So Difficult
Amid speculation that oligarchs are holding cash and luxury assets for the Russian president, many of his extravagances can be traced elsewhere: the Russian state.
U.K. vs. Oligarchs: ‘The Gloves Are Now Off’
Russia’s war in Ukraine has finally led the British government to go after ultrawealthy Russians in London. But curbing the flood of corrupt money will require going after more than the big names.
Billionaires Battle Over a Hotel and Quality of Life on St. Barts
A legal feud over a hotel in St. Barts pits development against fragile nature on this tropical Arcadia for the ultrarich. It might also signal a turning point in the hyper-development of the island.