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Lisa Su has become the first female CEO to lead a company past $1 trillion in market value after the U.S. chipmaker AMD crossed the milestone amid an AI-driven stock rally. Lisa Su, CEO of U.S. chip maker AMD The U.S. chipmaker reached the threshold for the first time on Sept. 21, joining a small group of companies valued above $1 trillion as investors bet on its expanding role in artificial intelligence computing, Reuters reported. The milestone also marked a first for women

Singapore billionaire Forrest Li’s technology giant Sea will become Southeast Asia’s first enterprise to adopt Nvidia’s next-generation Vera Rubin AI computing platform. Singapore billionaire Forrest Li speaks during a fireside chat at Stripe Tour Singapore on August 2026 The investment will give the parent company of Shopee, Garena and digital financial services business Monee more computing power to develop artificial intelligence models and AI agents at scale, Sea announce

Meta's billionaire AI chief Alexandr Wang says the Meta Connect outfit that social media users priced at US$3,500 in luxury labels began with a deer-print shirt he bought at a Santa Cruz thrift store for $30. Alexandr Wang at Meta Connect 2026 on Sept. 23, 2026 Wang wore the 1990s-style camouflage tee, printed with a large deer head above a wooded trail and more deer, with "Lake Tahoe" on the sleeve, during his keynote at the developer conference on Sept. 23. He paired it wit

Volkswagen's sweeping turnaround plan foresees more than 4,000 further job cuts at Porsche, following a profit warning linked to problems at the sports car subsidiary. The logo of Porsche Files documenting a recent agreement by Volkswagen's supervisory board to usher in the German auto group's largest restructuring yet propose a reduction of "about 4,100 employees" at the brand, addressing an overhead shortfall of some EUR700 million (US$803.8 million), according to German bu

Zhang Yiming, founder of TikTok's parent company ByteDance, has become the richest person in Asia as his wealth surged to US$105.5 billion. Zhang Yiming, founder of tech company Bytedance, attends a meeting in Fuzhou, southeast China's Fujian Province, June 18, 2016 The Chinese billionaire's estimated net worth rose more than $12 billion this month after Bloomberg analyzed the latest valuations from investment firms including BlackRock, Fidelity Investments and T. Rowe Price.

Shu Ping, wife of hotpot giant Haidilao's billionaire chairman Zhang Yong, is selling as much as US$353 million worth of company shares, prompting the stock to hit its lowest since March 2022. Zhang Yong (right) and his wife Shu Ping, co-founders of the hotpot chain Haidilao, pose before an investors' luncheon ahead of the company's IPO in Hong Kong, China, on Sept. 10, 2018 She is offloading 259 million shares through a family trust holding vehicle at a discount of around 6%

Pham Thu Huong, the wife of Southeast Asia’s richest man Pham Nhat Vuong, has become the second richest person in Vietnam following strong gains by the stock market. Pham Thu Huong, deputy chairwoman of Vingroup Huong, 57, vice chairwoman of Vingroup, saw her net worth rise by US$162 million to $4 billion Wednesday, according to U.S. magazine Forbes. She now shares the second spot with Nguyen Thi Phuong Thao, chairwoman of low-cost airline Vietjet Air, who also has a net wort

Shein founder and CEO Sky Xu has seen his personal fortune shrink by more than US$15 billion in four years as the fast-fashion giant made its long-awaited stock market debut in Hong Kong. A crew member walks on the flight deck of US nuclear-powered aircraft carrier USS Abraham Lincoln (CVN-72) as it heads towards Laem Chabang Port, near the city of Pattaya on September 2, 2026 Chinese-founded Shein Global Holdings was once valued at nearly $100 billion, more than the parent c

After leaving his teaching post, CJ Wang invented an automatic soy milk maker, setting him on a path in the home appliance sector that eventually led to a US$10.4 billion fortune. CJ Wang, or Wang Xuning, chairman of JS Global Lifestyle and SharkNinja Born in 1969 in Yantai, a city in China’s eastern province of Shandong, soy milk was a familiar part of Wang’s childhood. He would often help with chores after school, including the laborious task of making soymilk by repeatedly

Peyush Bansal, the cofounder of eyewear retailer Lenskart Solutions, is the latest Indian to join the billionaire club thanks to the surge of his eyewear company’s shares, driven by a jump in sales. Peyush Bansal, Chief Executive Officer of Lenskart Solutions Limited, attends the Lenskart IPO listing ceremony in Mumbai, India, on November 10, 2025 Shares of SoftBank-backed Lenskart, which went public nine months ago, hit an all-time high of nearly 627 rupees (US$6.55) on the

Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion ($1.77 billion) in its Hong Kong IPO launched on Monday. Illustration of the Shein section on the 6th floor of the BHV Marais, Bazar de l Hotel de Ville in Paris, France, on Aug. 5, 2026 Shein is selling 280 million shares between HK$47.60 and HK$49.50 per share, the filings showed, valuing it at close

Japan's justice ministry said Friday it will cancel a collaboration with a controversial Netflix dating show featuring ex-juvenile delinquents, following backlash against what some called the glorification of crimes. This picture taken on April 17, 2026 shows "Badly in Love" Season 1 participant Otoha posing at an event that can be translated as the "Great Yankii Exhibition", in Tokyo Earlier this month, the ministry launched an unusual partnership with the streaming giant's

15 Singaporean companies have been named in Forbes Asia’ “100 To Watch”, the second largest representation of small business and startups in the Asia-Pacific. '100 To Watch' companies by the numbers in Asia-Pacific, 2026 In the sixth annual edition of the list, Singapore ranked behind India with 19 companies, while China came third with 10 businesses, followed by Japan and South Korea, each with nine firms. Most Singaporean businesses included on the list adopt technology to

A consortium including Amazon founder Jeff Bezos is close to agreeing a deal to acquire a stake of about one-third in Premier League club Liverpool, multiple media outlets reported on Monday. American businessman Jeff Bezos attends the 10th edition of the VivaTech technology startup and innovation fair at the Porte de Versailles exhibition center in Paris, France, on June 17, 2026 Sky News reported that the consortium is being led by Amit Bhatia, the son-in-law of steel magna

China's burger market, previous a niche segment dominated by Western fast food giants like McDonald's and ⁠KFC, is drawing in everyone from global restaurant chains to hotpot operators and coffee brands. Customers leave a McDonald's fastfood restaurant in Beijing, China, July 27, 2013 Burgers are having a moment in China, with budget-conscious diners and smaller households turning the humble sandwich into one of the country's hottest fast-food battlegrounds. Yum China's Pizza

Billionaire Lucio Tan, chairman of Philippine Airlines, has climbed to sixth place among the Philippines’ richest people this month as the flag carrier makes a major fleet expansion to tap growing travel demand. Lucio Tan, chairman of Philippine Airlines, attends a press conference in Manila on August 28, 2012 Tan’s net worth now stands at $2.9 billion, according to Forbes, moving him up from eighth place in 2025 and seventh in 2024. Philippine Airlines last month agreed to a

Thailand’s five richest billionaires, still led by the family behind Red Bull, have all grown richer over the last year, with their combined fortune rising $13.1 billion to $124.4 billion. Most of their rankings were unchanged, except for beer-to-property tycoon Charoen Sirivadhanabhakdi, who fell to fifth from fourth last year, according to Forbes. Chalerm Yoovidhya & family The Yoovidhya family, co-owners of the Red Bull energy drink empire, is led by Chalerm Yoovidhya. The

President Donald Trump recorded around US$1.2 billion in income from his cryptocurrency activities in 2025, according to documents released Tuesday by the U.S. Office of Government Ethics. U.S. President Donald Trump at the White House on May 15, 2026 A 1978 law requires the president and vice president of the United States to declare their income as well as their assets. According to the documents, which are more than 900 pages long, Trump received nearly $550 million from h

Prajogo Pangestu, once Southeast Asia’s richest man, has seen his net worth decline by $25 billion in the last six months, driven by the stock plunge of his companies amid a sell-off in Indonesia’s broader market. Prajogo Pangestu, chairman of Barito Pacific Group The 82-year-old energy tycoon is now worth $14.3 billion, compared to $39.5 billion at the end of last year, according to Forbes. The chairman of Barito Pacific Group has lost the title of the richest man in Southea

Thailand's top billionaire Sarath Ratanavadi has raised his ownership in Gulf Development after partner Singtel offloaded SGD1 billion (US$771 million) worth of shares in the Bangkok-based energy and telecommunications company. Sarath Ratanavadi, CEO of Gulf Development Singtel announced it divested a 2.8% stake in Gulf Development to institutional investors through a private placement, generating exceptional gains of approximately SGD140 million, as the Singaporean telecom g