January 19, 2021
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Samsung Billionaire Heir Jay Y. Lee Sentenced To 2.5 Years In Prison For Bribery
/worlds-billionaires Asia Billionaires Business Editors' Pick Innovation Leadership robertolsenblog

Samsung Billionaire Heir Jay Y. Lee Sentenced To 2.5 Years

admin January 18, 2021

Share to Facebook Share to Twitter Share to Linkedin Jay Y. Lee, vice chairman of Samsung Electronics, arrives at the Seoul Central District Court on ... [+] January 18, 2021 in Seoul, South Korea. Chung Sung-Jun/Getty Images Jay Y. Lee, the heir to South Korea’s largest conglomerate, was sentenced on Monday to two-and-a-half years in prison. The vice chairman of Samsung Electronics had been convicted of bribery and was first jailed in 2017, but the terms of the sentence were reduced and suspended on appeal. Lee, 52, was convicted in 2017 for bribing the confidante of former president Park Geun-hye in a corruption scandal that Read More

Jeff Bezos Once Again The World’s Richest Person After Rollercoaster Week
/worlds-billionaires Asia Billionaires Breaking breaking-news Business Editors' Pick Healthcare Innovation Markets Money Retail

Jeff Bezos Once Again The World’s Richest Person After Rollercoaster

admin January 16, 2021

THE CHANGING FORTUNES OF THE WORLD’S RICHEST A mazon chief Jeff Bezos ended a bumper car week against Tesla founder Elon Musk by once again becoming the world’s richest person, with an estimated net worth of $181.5 billion (despite his fortune falling $1.4 billion on Friday). The two men traded places nearly every day this past week for the top spot on our Real-Time Billionaires list.  Markets opened lower Friday after President-elect Joe Biden released the details of his proposed $1.9 trillion coronavirus relief package in a speech the previous night, with investors likely reacting to the potential of a second Read More

Billionaire Richard Branson Hoping To Impress NASA With Sunday Rocket Launch
/worlds-billionaires Aerospace & Defense Billionaires Business Editors' Pick Innovation

Billionaire Richard Branson Hoping To Impress NASA With Sunday Rocket

admin January 15, 2021

Share to Facebook Share to Twitter Share to Linkedin Sir Richard Branson attends a private view of the 'Virgin Records: 40 Years Of Disruptions' ... [+] exhibition getty Virgin Orbit, Sir Richard Branson’s small satellite launch start-up, is planning to make its second launch attempt this Sunday, carrying a payload for its “first customer” NASA in what Orbit hopes will be a long-lasting (and profitable) relationship in the years ahead. Launching its LauncherOne rocket off the back of an 747 aircraft over the California desert, Orbit will carry 10 of NASA’s CubeSat missions on board, including those needed for planetary exploration, earth science Read More

Yidu CEO Joins Ranks Of China Healthcare Billionaires And World's Richest Women
/worlds-billionaires Asia Billionaires Business russellflanneryblog

Yidu CEO Joins Ranks Of China Healthcare Billionaires And World's

admin January 15, 2021

Share to Facebook Share to Twitter Share to Linkedin A sanitation worker cleans the logo of Hong Kong Exchanges and Clearing (HKEX) last year. (Photo by ... [+] Zhang Wei/China News Service via Getty Images) China News Service via Getty Images Gong Yingying, CEO of China healthcare information provider Yidu Tech, joined the ranks of the country’s billionaires today after the company’s shares more than doubled on their debut at the Hong Kong Stock Exchange.   Yidu shares were trading at more than HK$60 at about 10:15 a.m. in Hong Kong this morning. That compares with their IPO price of Read More

Malaysia’s Newest Billionaire Automates Factories Around The Globe
/worlds-billionaires Asia Billionaires Business Editors' Pick Investing Manufacturing Markets Money

Malaysia’s Newest Billionaire Automates Factories Around The Globe

admin January 14, 2021

Share to Facebook Share to Twitter Share to Linkedin Tan Eng Kee, cofounder and CEO of Greatech Technology. Courtesy of Greatech Technology. Surging demand for electric vehicles and solar energy is proving to be a double boon for low-profile Malaysian entrepreneur Tan Eng Kee, cofounder and CEO of Penang-based Greatech Technology. The company, which makes industrial automation equipment for a variety of different manufacturers, saw its shares jump 330% in the past year, propelling Tan into the billionaires club with a net worth of just over $1 billion. “Renewable energy and electric vehicles are hot now,” says Tan, 50, who established the business Read More

China Internet Heavyweight Baidu Confirms Plan To Enter EV Market With Geely
/worlds-billionaires Asia Billionaires Business Manufacturing russellflanneryblog

China Internet Heavyweight Baidu Confirms Plan To Enter EV Market

admin January 11, 2021

Share to Facebook Share to Twitter Share to Linkedin Li Shufu, chairman of Zhejiang Geely Holding Group Co., left, and Robin Li, co-founder and chief ... [+] executive officer of Baidu, right, together in 2019. Photographer: Gilles Sabrie/Bloomberg © 2019 Bloomberg Finance LP Baidu, one of China’s largest Internet businesses, on Monday confirmed a report last week that it plans to produce electric vehicles in a partnership with Zhejiang Geely Holding Group. Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely will provide vehicle design and manufacturing. The agreement brings together two of China’s Read More

China EV Frenzy Continues: Baidu Soars On Reported Geely Tie
/worlds-billionaires Asia Billionaires Business russellflanneryblog Transportation

China EV Frenzy Continues: Baidu Soars On Reported Geely Tie

admin January 9, 2021

Share to Facebook Share to Twitter Share to Linkedin Li Shufu, chairman of Zhejiang Geely Holding Group, and Robin Li, co-founder and chief executive ... [+] officer of Baidu, reportedly plan to team up to make electric vehicles. Photographer: Gilles Sabrie/Bloomberg © 2019 Bloomberg Finance LP Nasdaq-traded shares in China Internet heavyweight Baidu soared by 15.6% to a nearly two and a half year high of $240.25 today on a report that the company plans to team up with automaker Geely Automobile Holdings and enter the electric vehicle business. Baidu is best known for its search engine but is also a China leader in autonomous Read More

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