Billionaires
China’s richest man risks losing crown after $20 billion wipeout
Besieged by a price war in China’s bottled water market, Zhong Shanshan’s company has found itself on the wrong side of the country’s increasingly nationalistic consumers.
- by Bloomberg News
Latest
Opinion
Column 8
Cross words for the PM
While we wait on the Speaker of the (smallest room in the) House.
How the ‘godfather of the Olympics’ made his $289 billion fortune
Bernard Arnault’s company has been the face of luxury for the wealthy for decades, and now it is taking centre stage during the Paris Games.
- by David McHugh and Thomas Adamson
Opinion
Column 8
Thoughts and prayers for the ‘merely rich’
Will they at least be spared carrot sticks in first class?
Secret buyer pays $60 million for abandoned superyacht
The 81-metre-long Alfa Nero vessel, complete with a baby grand piano and a swimming pool that turns into a helipad, has been abandoned in the Caribbean for more than two years.
- by Jim Wyss
Opinion
Opinion
$67 million stegosaurus upends the dinosaur hierarchy
A billionaire hedge fund founder has splashed around nine times Sotheby’s presale estimate for a stegosaurus skeleton, making it the most valuable fossil sold at an auction.
- by Chris Bryant
You can’t have too much money, happiness researcher finds
When it comes to money buying happiness, more is better, says a study that has found the correlation between wealth and well-being does not plateau once incomes reach a certain point.
- by Conrad Quilty-Harper
World’s biggest luxury tycoons lose $25 billion as demand slows
As sales of luxury goods and beauty products decline in some regions, so have the fortunes of a clutch of the world’s richest people.
- by Tara Patel
Opinion
Retail
Amazon’s radical plan to fight off Shein and Temu
Amazon looks worried that it can’t beat the two Chinese juggernauts of low-priced online retailing. So it’s decided to join them.
- by Stephen Bartholomeusz
Britain’s richest family spent more on pet dog than they paid their servants, court told
The billionaire Hinduja family is accused of trafficking and exploitation of staff at their Lake Geneva villa.
- by Hugo Miller
The meeting where Wall Street billionaires tripped over themselves to back Trump
Before 12 New Yorkers branded Donald Trump a felon, a very different kind of jury had reached a verdict of its own at a ritzy Manhattan hotel.
- by Amanda L Gordon and Sridhar Natarajan