At over $1 million each they’re drop-dead gorgeous, can run rings around mere mortal cars, and are so rare that few of us will ever see one on the street, let alone drive one. read »
Jim Gorzelany, ContributorShares in Hangcha Group, a China forklift truck maker, rose by their daily upward limit at the Shanghai Stock Exchange for a second day after they began trading on Tuesday, enriching billionaire shareholder Qiu Jianping.
Qiu, who is also chairman of Shenzhen-listed hand-tool maker Hangzhou Great Star Industrial, owns 30.2% of Hangcha read »
Russell Flannery, Forbes StaffFor a fleeting moment I thought that Trump’s never-ending proclivity to tweet may have breathed new life into Twitter (NYSE: TWTR) and make it great again. Sadly, no. Twitter and its stock have been in a stall all year, for many reasons. Not even Trump can save Twitter from itself. Our POTUS-elect’s tweets have done nothing to help read »
Aaron Kwittken, ContributorAmerican billionaire Robert Smith has offered to sponsor the education of 24 girls from the Chibok community, including the 21 girls who escaped from Boko Haram captivity in October this year. read »
Mfonobong Nsehe, ContributorThe basketball legend cracks Forbes list of the 40 Richest Entrepreneurs Under 40 for the first time thanks to more than $680 million in earnings during his two-decade NBA career. read »
Kurt Badenhausen, Forbes StaffShares of Warren Buffett’s firm Berkshire Hathaway soared 20% in 2016, helping to boost Buffett’s personal fortune by $12.3 billion – more than any other billionaire in the United States. read »
Dan Alexander, Forbes StaffMy annual sojourn to St. Bart’s would not be complete without focusing on the traditional superyacht showdown taking place in and around the harbor of Gustavia, St. Bart’s capital. This ultra-popular island plays host to some of the wealthiest people in the world, and this year toss in supermodels (Izabel Goulart), movie stars (Jake Gyllenhaal), read »
Jim Dobson, ContributorShares in Hangcha Group, a China forklift truck maker, will begin trading at the Shanghai Stock Exchange tomorrow, giving hand-tool billionaire Qiu Jianping a substantial stake in a second listed business.
Qiu, chairman of Shenzhen-listed hand-tool maker Hangzhou Great Star Industrial, owns 30.2% of Hangcha Group. That doesn’t include read »
Russell Flannery, Forbes StaffHunan Sanxiang Bank, backed by China construction equipment billionaire Liang Wengen, opened its doors today in Changsha.
Liang’s main holding company Sany Group and a subsidiary of Shanghai-listed Sany Heavy Industry will own a combined 30% stake in the bank after investing a total of $132 million. Liang Zaizhong, Liang Wengen’s son, is read »
Russell Flannery, Forbes StaffA handful of young guns are on the cusp of making a major splash in the UFC. They could very well be the stars of tomorrow in the promotion. read »
Brian Mazique, Contributor