PW Online

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Billionaire Chinese Developer Arrested Over U.S. Bribery Charge

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Zhang Li is wanted in the U.S. over allegations he provided kickbacks to get California contracts.

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.

Bankman-Fried Jolts FTX Hearings With Plan To Skip Senate Panel

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The former FTX chief executive is being more selective when it comes to appearing before Congress.

Young Adults Living With Parents Fuel Luxury Boom, Morgan Stanley Says

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U.S. Census data shows nearly half of all young adults ages 18 to 29 are living with their parents.

Franklin Templeton's Fiduciary Trust International Adds Senior Advisor

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William Y. Yun is a former executive vice president of Fiduciary Trust International.

Smash-And-Grab Watch Thefts Threaten Swiss Brands From Rolex To Patek

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Reports of high-end watch robberies, many of them violent, are soaring in cities around the world.

Peter Thiel's Money Manager Hunts 'Next PayPal' For His Own Firm

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Jack Selby has parlayed his PayPal fortune into making movies as well as early investments in companies.

Saxo's 'Outrageous' Prediction? Gold Will Top $3,000 In 2023

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These are among Saxo Bank's self-described “outrageous” predictions for the year ahead.

Lunch With Billionaire Investor Bill Ackman Will Cost You At Least $25,000

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This is the fifth time that Ackman has auctioned off a lunch for charity.

Citi Sees Family Offices Swarming Bond Market And Fueling Rally

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Bonds "deserve immediate attention" as a "mild" recession is expected next year, Citi Global Wealth said in a new report.

UBS's Billionaire Clients Are Betting On Big Gains From Energy

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Energy bets have been on the rise as Russia's invasion of Ukraine has disrupted supply chains.

John Paulson Seeks To Shut Down Wife's Suit Alleging Hidden Billions

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Paulson filed for divorce from his wife of 21 years over a year ago.

Ex-Harvard Coach, Telecom CEO Go On Trial In Admissions-Bribery Case

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The case has echoes of the “Varsity Blues” bribery scandal.

Why Blackstone's $69B Property Fund Is Signaling Pain Ahead For Real Estate

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The property industry is grappling with a pullback from investors, financing challenges and even more layoffs.

Swiss Say Its $8 Billion Of Frozen Russian Assets Is 'Only A Fraction' Of Total

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A group of about 100 Russians and businesses reported nearly $50 billion in Swiss deposits.

David Bonderman's Family Office Is Opening Up To World's Rich

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The family office of private equity legend David Bonderman is seeking funds from outside investors.

Blackstone To Limit Withdrawals From Giant Real Estate Fund, Stock Tumbles

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Some wealth advisers have been growing cautious about client exposure to illiquid assets in recent months.

Boone Pickens Texas Ranch Sells After Price Cut To $170 Million

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The sprawling Texas ranch of the late oil billionaire has found a buyer.

Art Basel Miami Beach Sales Heat Up Despite Current Crypto Winter

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Now that bitcoin is trading around $17,000, the art show's 2021 excesses are things of the past.

Sam Bankman-Fried's Red Flags Were Seen In All Corners Of His Empire

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He was an icon of effective altruism, but some nonprofits turned his money down.

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