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February 17, 2011

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion.

January 18, 2011

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.

January 17, 2011

Privately owned real estate and entertainment company, the Trump Organisation, has announced plans to enter the Indian property market with a luxury residential tower in the city of Mumbai.

Privately owned real estate and entertainment company, the Trump Organisation, has announced plans to enter the Indian property market with a luxury residential tower in the city of Mumbai.

The New-York based company, owned and managed by Donald Trump, is to work with Indian developers Rohan Lifescapes for its first venture in India, said a report in Bloomberg.

Executive vice president, Donald Trump Jr, told Bloomberg: "The market place (in India) is beginning to understand and appreciate luxury, so there is a great opening for us there, as well as in resorts"

January 12, 2011

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

He will be replaced by non-family member Pablo Isla, the current chief executive and chairman, but some insiders reckon that his youngest daughter, Marta Ortego Perez, will eventually take control of Inditex.  

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