Jeff Bezos becomes richest man in modern history as net worth tops $150b

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His net worth has soared by $52 billion this year, which is more than the entire fortune of Alibaba chairman Jack Ma, Asia’s wealthiest person.

Jeff Bezos

People Digest: NIO Capital hires ex-Geely exec; Acting CIO of NPS Korea steps down

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China’s private equity firm NIO Capital has roped in Yu Ning, former vice-president of Chinese automaker Geely Holding Group, as a managing partner


Indosuez beefs up Asia client relations team with 6 bankers

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The addition of six bankers comes a year after Indosuez acquired the private banking business of CIC in Hong Kong and Singapore.


UAE court dismisses criminal case against Abraaj founder

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The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment management business.


Mukesh Ambani overtakes Jack Ma as Asia’s richest person

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Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd.


China’s electric car spree proves a bonanza for S Korean tycoon

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Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils


SoftBank’s Son says to continue with deals despite trade jitters

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Son is optimistic that U.S. President Donald Trump’s escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm’s prolific deal-making.


Goldman leans on deal-makers for wealth management ambitions

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Banks like Credit Suisse Group AG have sought to integrate wealth-management and investment-bank offerings to win the most lucrative clients.


People Digest: Avendus Wealth appoints new director; Xiaomi names new India COO

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Avendus Wealth has named Amrita Farmahan as Senior Executive Director while Xiaomi has appointed Muralikrishnan B as its COO for India.  


Company law tribunal dismisses Mistry’s plea against Tata Sons

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A Mumbai division bench of NCLT dismissed the petition filed by the Mistry family’s investment firms, saying it found no merit in the case.