Venus Feng

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China Is Biggest Loser Of Millionaires Globally, Report Says

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China will lose 13,500 high-net-worth individuals with investable wealth of more than $1 million, followed by India with 6,500.

Secretive Shein Founders Build $40 Billion Fortune In Rapid Fashion

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Its rise of Shein and its controversies have grabbed the fashion world by the lapels.

World's Billionaire Factory Shudders As China Cracks Down

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The age of unfettered gains for China's ultra-rich now appears to be coming to an abrupt end.

Didi Duo Set For Billion Dollar Fortunes On Ride-Hailing IPO

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The co-founder of ride-hailing giant Didi will rise in the super-wealthy ranks when his firm lists in the U.S.

Former Teacher Turned Tycoon Loses $14 Billion In Just Months

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Larry Chen is close to losing his billionaire status as shares in his online-education business slump.

Archegos Fiasco Is Latest Reminder Super-Rich Love Leverage

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Pledging shares is usually safe in a bull market, but can cause problems when prices fall.

Jack Ma Has Lost $12 Billion In Two Months On China Scrutiny

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Once poised to regain the title of Asia’s wealthiest person, he’s since slipped to 25th on a list of the world’s 500 richest people.

Elon Musk’s $139 Billion Fortune Leads Huge EV Wealth Gains

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Some electric vehicle founders and CEOs are growing in wealth more rapidly than Elon Musk.

Household Wealth ‘Unscathed’ Despite Pandemic, Credit Suisse Says

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Global wealth has rebounded from a first-quarter slump, according to the bank.

How A Bet On China Consumers Is Backfiring For Richest Czech

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Petr Kellner’s push into China was meant to turbo-charge one of eastern Europe’s biggest fortunes.

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