ASIAS RICHEST MAN
Meet Vladimir Sklarov, who allegedly stole $450 million from a Mexican billionaire using the Astor family name and spent it on luxury villas and a château
Vladimir Sklarov is facing serious allegations after reportedly swindling a Mexican billionaire of $450 million by creating a fraudulent company. He leveraged the name of the Astor family to illicitly seize control of valuable shares. Authorities claim Sklarov and his accomplices discreetly divested these shares. The victim has confirmed the deception, expressing deep dismay over being ensnared in the ruse.
Adani Group plans $2.5 billion refinancing in India’s biggest offshore loan this year
Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October.
₹40 lakh a month from waste plastic bought at ₹13 per kg and sold for ₹90: How a Rolex at a wedding revealed a surprising business
A viral X post by Pratham has revealed the surprising economics behind his cousin’s plastic recycling business after a limited-edition Rolex sparked questions about his work. The business reportedly buys waste plastic for around ₹13 per kg, processes it into recycled plastic granules and sells them for ₹80-90 per kg. At about 50 tonnes of monthly production, the business generates roughly ₹40 lakh in monthly sales.
He built China’s biggest property empire and became Asia’s richest man. Now Evergrande’s Hui Ka Yan is in prison for life, here’s why
Evergrande founder Hui Ka Yan, also known as Xu Jiayin, has been sentenced to life in prison in China for embezzlement, bribery and other financial crimes linked to the property giant's collapse. The verdict, which includes an 8.82 billion yuan personal fine and permanent loss of political rights, marks a dramatic end to the career of the businessman who built China's biggest property empire. The case also underscores the deep damage caused by China's property crisis and the collapse of the debt-fuelled growth model that once powered the sector.
China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga ends
China Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and assets. Evergrande and its subsidiary Hengda Real Estate faced substantial fines. Five other senior executives received prison terms and fines. This sentencing concludes a significant chapter in China's property sector crisis.
Adani flagship eyes India’s Nifty crown after years of turmoil
Adani Enterprises stock has rebounded strongly, becoming the top performer on India's equity benchmark. Investor confidence is growing after the conglomerate faced significant challenges and allegations. Recent legal dismissals and index adjustments have further boosted the company's standing. The group's infrastructure businesses are seen as a proxy for India's economic growth. This resurgence has propelled Gautam Adani back to Asia's richest man list.
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US court scraps fraud case against Gautam Adani and nephew Sagar
A US judge has dismissed securities and wire fraud charges against Gautam Adani and his nephew Sagar, ending the criminal case over alleged bribes tied to Indian solar contracts. The dismissal with prejudice bars the government from reviving the charges, potentially clearing the way for Adani Group to expand in America.
Hurun Global Rich List: Mukesh Ambani drops out of world's top 10 wealthiest list, HCL's Roshni Nadar creates big record
The latest Hurun Global Rich List 2025 revealed a $15 billion loss for a business tycoon, dropping him out of the top 10 wealthiest list. Roshni Nadar surpassed as the fifth richest woman globally, thanks to a significant stake transfer in HCL. Mukesh Ambani remained India's richest despite a wealth decline, while Gautam Adani saw a 13% increase in fortune.
Gautam Adani: Richest man of Asia in the eye of a storm
Adani, whose home state is Gujarat, built his business empire from scratch after starting as a commodities trader. India's Prime Minister Narendra Modi hails from the same state and their relationship has come under intense scrutiny by Modi's opponents for years.
Gautam Adani praises ChatGPT, surprised by IT Industry's recession predictions
Adani expressed astonishment after reading about the huge 'infallible' IT industry and academics' predictions of a worldwide recession in the third quarter of 2023.
Asia’s richest man plans on IPOs for at least five companies
Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
Gautam Adani overtakes Mukesh Ambani as Asia’s richest person
The coal magnate -- whose controversial Australian mine project drew flak from climate activists including Greta Thunberg -- has increasingly looked beyond the fossil fuel for expansion.
The five best books of 2021, according to Mukesh Ambani
Stuff your stockings with these recommendations from Asia’s richest man.
Gautam Adani misses chance to overtake Mukesh Ambani as Asia’s richest man
On Thursday, Gautam Adani was within touching distance from taking over Mukesh Ambani as Asia’s richest man. Adani’s wealth stood at a lifetime high of $89.1 billion, just half a billion dollars shy of Mukesh Ambani’s $89.6 billion in net worth.
China's bottled water king Zhong Shanshan replaces Mukesh Ambani as Asia's richest person
Zhong Shanshan, 66, isn’t involved in politics and his business interests aren’t entwined with other rich families such as the property tycoons, which is why he’s known locally as the “Lone Wolf.”
Asia’s richest man courts Saudis, General Atlantic for Jio
Investors are betting on Jio’s access to India’s huge consumer market.
Mukesh Ambani grooms the heirs to his $50 billion fortune
Ambani is enlisting his children to help drive the modernization of his empire.
How Rcom's bankruptcy may help Asia's richest man - Mukesh Ambani
Mukesh Ambani could now have more leverage in bidding for assets of a co whose demise he helped hasten.
Beyonce meets Bollywood as Asia's Richest Man Mukesh Ambani's daughter weds
Isha Ambani is all set to tie the knot with Piramal scion Anand in Mumbai.
When Mukesh Ambani surpassed Bill Gates to become the world’s richest man
All the times that Bill Gates lost the top spot on world’s richest man list.
Alibaba’s Jack Ma is second richest Asian, overtakes Mukesh Ambani
Ma (50), a former English teacher, has overtaken Mukesh Ambani and Hong Kong's Lee Shau Kee. He now boasts of a personal wealth of $26.5 billion.
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