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Ray-Ban heir seeks to block $11.8B family share transfer in billionaire Leonardo Del Vecchio's business empire
An heir to the late Ray-Ban billionaire Leonardo Del Vecchio's business empire is contesting a family deal valued at EUR10 billion (US$11.8 billion) that would allow a sibling to triple his stake ownership. Rocco Basilico (L) and Leonardo Maria Del Vecchio attend the Tribeca Festival Awards Night during the 2021 Tribeca Festival at Spring Studios on June 17, 2021 in New York City The legal claim was filed by Rocco Basilico, the son of Del Vecchio's widow, in a Luxembourg cour
May 161 min read
Koon Poh Keong, brothers become Malaysia’s 2nd richest as outlook strengthens on Southeast Asia’s largest aluminum smelter
Koon Poh Keong and his four siblings, who control Southeast Asia’s largest aluminum smelter Press Metal Aluminum Holdings, have risen to the second rank in Malaysia’s wealth this year thanks to a surge in the metal prices. Koon Poh Keong, CEO of Press Metal Aluminum Holdings Shares of Press Metal have surged 73% since the wealth of the brothers was last assessed, giving them a total net worth of US$9.7 billion, ranking only behind the country’s richest man Robert Kuok with a
Apr 201 min read
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