Wealths

Spicy hotpot in China makes couple more than RM21b richer this year

Haidilao is pushing to make its restaurants more efficient by creating automated kitchens
HONG KONG • China’s insatiable demand for spicy hotpot is ...

Luxury magnates pledge RM1.4b to restore Notre Dame

PARIS • France’s luxury-goods tycoons pledged €300 million (RM1.4 billion) to help in the reconstruction of Notre-Dame cathedral after the Paris landmark ...

Ex-KKR China heads said to raise RM8.3b for new fund

HONG KONG • KKR & Co Inc’s former China heads have raised US$2 billion (RM8.28 billion) for their debut private-equity (PE) fund, according to people ...

Singapore, Paris and Hong Kong 
tie for world’s most expensive city

HONG KONG • Move over Singapore — the world’s most expensive city has two new rivals.
After topping the Economist Intelligence Unit’s (EIU) Worldwide ...

This Chinese developer reckons it can take on Tesla

Besides Tesla, Evergrande will come up against all the world’s major carmakers
By BLOOMBERG SHANGHAI • A Chinese developer known for its ...

Hollywood finds a new golden age of cinema in Indonesia

The resurgence is driven by the opening to foreign investment, rising wealth and a push by major film studios and distributors
JAKARTA • Hollywood ...

Face mask craze creates Korean billionaire

SINGAPORE • Face masks can moisturise, exfoliate, or soothe and cool the skin in minutes. They can also build billion-dollar fortunes, but that takes a tad ...

Manhattan luxury meets Vietnam’s property market

While demand from overseas investors remains strong, the latest wave of buyers are Vietnam’s newly prosperous
HO CHI MINH CITY • The Grand Manhattan ...

Warren to propose universal childcare plan funded by US wealth tax

WASHINGTON • Democratic presidential candidate Elizabeth Warren (picture) is proposing a universal childcare plan that would limit American families’ ...

Dyson becomes richest Brit

LONDON • James Dyson, the inventor of the bagless vacuum cleaner, is now the wealthiest person in Britain after his company posted a record profit for ...

Billionaire Stronach’s family feud heats up

Belinda’s statement of defence and counter-suit intensifies a feud that has torn apart one of Canada’s richest families
MONTREAL • Former Magna ...

Billionaire Quandt’s legacy lures rich investors to spa town

FRANKFURT • Hidden on the edge of a spa town, less than half an hour’s drive from Frankfurt, is a company that lets you invest alongside one of Germany’s ...