Vimeo
LinkedIn
Instagram
Share |

forbes

January 6, 2012

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Forbes magazine said Li Ka-shing, the 83-year-old chairman of family-controlled conglomerates Hutchison Whampoa and Cheung Kong Holdings, is Hong Kong’s wealthiest individual with approximately $22 billion (€17.2 billion) in assets. This represents an 8% decline from last year’s $24 billion.

November 2, 2011

It wasn’t exactly a case of selling the family silver, but the Forbes family did auction off many of its Victorian treasures, including a pair of Queen Victoria’s bloomers, in the UK this week.

It wasn’t exactly a case of selling the family silver, but the Forbes family did auction off many of its Victorian treasures, including a pair of Queen Victoria’s bloomers, in the UK this week.

March 10, 2011

More than 40% of the names on the annual Forbes’ billionaire list are family business principals, or linked to family business fortunes, and out of the top 10 richest people in the world, seven are linked to family businesses.

More than 40% of the names on the annual Forbes’ billionaire list are family business principals, or linked to family business fortunes, and out of the top 10 richest people in the world, seven are linked to family businesses.
 

February 15, 2011

Billionaire Ernesto Bertarelli’s new asset manager, Northill Capital, is set to complete its first deal from a potential $1 billion war chest, according to a report in Financial News.

Billionaire Ernesto Bertarelli’s new asset manager, Northill Capital, is set to complete its first deal from a potential $1 billion war chest, according to a report in Financial News.  

John Little, who joined Northill last year after being vice-chairman of asset management company BNY Mellon, told Financial News: “Northill has $1bn from the family to deploy, in seed capital or equity capital. That is a target, it could be more, it could be less.”

January 18, 2011

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.

January 13, 2011

Media and data company Bloomberg is to launch a rich list that will pitch it against the well-established Forbes billionaire list.

Media and data company Bloomberg is to launch a rich list that will pitch it against the well-established Forbes billionaire list.

In a statement, the New York-based company said it would hire Matthew Miller, former editor of Forbes' billionaire list, in February. Bloomberg plans to launch the rich list sometime in the next two years, but gave no exact date for the launch.

January 12, 2011

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

He will be replaced by non-family member Pablo Isla, the current chief executive and chairman, but some insiders reckon that his youngest daughter, Marta Ortego Perez, will eventually take control of Inditex.  

Click here >>
Close