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More From Billionaires
Insiders Loaded Up On Firm’s Stock—Right Before Don Jr. And Eric Trump’s Involvement Sent Shares Soaring
Experts say the trades likely don’t violate insider trading laws, but the timing raises concerns if the directors acted in the company’s best interests.
Forbes Staff
Hong Kong Tycoons Rescue Embattled Star With Brisbane Casino Deal
Hong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises and tycoon David Chiu’s Far East Consortium had rescued cash-strapped Star Entertainment Group from the brink of collapse after agreeing to buy the Australian casino operator’s stake in a Brisbane property.
Forbes Staff
Seven & i To Sell Supermarket Unit To Bain For $5.4 Billion And IPO U.S. Arm
The moves are part of the 7-Eleven chain operator’s plans to fend off a $47 billion takeover bid from Alimentation Couche-Tard, which runs the rival Circle K chain.
Forbes Staff
Indonesian Billionaire’s Yupi Indo Jelly To Raise $130 Million From IPO At $1.3 Billion Valuation
Yupi Indo Jelly Gum—one of Asia’s largest gummy candy makers backed by Indonesian billionaire Husodo Angkosubroto—is raising as much as $130 million from an IPO on the Indonesia Stock Exchange, valuing the company at $1.3 billion.
Forbes Staff
Billionaire Enrique Razon’s ICTSI Earmarks $580 Million For Global Expansion Amid Record Profit
International Container Terminal Services Inc.—the global port operator controlled by tycoon Enrique Razon Jr.—will spend a record $580 million on its expansion projects this year after booking its highest ever profit in 2024.
Forbes Staff
Trump Sons Joined Dominari Holding’s Advisory Board–But There’s Little Public Record The Board Existed Beforehand
Trump sons’ appointment to Dominari Holdings’ advisory board sent its stock soaring—but records of the board’s existence before their involvement are scarce.
Forbes Staff
A.P. Moller To Buy Stake In Philippine Billionaire Ayala Family’s Logistics Business
Ayala Corp.—the holding company of billionaire Jaime Zobel de Ayala and his family—agreed to sell part of its logistics arm to Denmark’s A.P. Moller Capital as the Philippine conglomerate seeks to turn around the loss-making subsidiary.
Forbes Staff
Japanese Billionaire’s Discount Retailer To Buy Supermarket Chain Seiyu From KKR And Walmart For $2.6 Billion
Billionaire Hisao Nagata’s Trial Holdings said the acquisition of Seiyu Co. would expand his company’s sales to more than ¥1.2 trillion.
Forbes Staff
Trading Volume In This Nasdaq-Listed Firm Soared Before Don Jr. And Eric Trump Were Announced As Advisory Board Members—‘Suspicious,’ Experts Say
Before the company announced the president’s sons as investors and advisory board members, trading volume in the Nasdaq-listed stock jumped.
Forbes Staff
Billionaire Loses Control Of His Nursing Home Empire After Being Deemed Mentally Unfit
A Tennessee court declared billionaire Forrest Preston, the mogul behind America’s largest private nursing home chain, unfit to run the business he’s headed since 1970. His son, who initiated a legal battle over the business’ future, was named his permanent conservator and will take over.
Forbes Staff