empire

In 1985, she started a paper business with with 3,800 US dollars; 21 years later, she became China’s richest person: How Zhang Yin turned America’s waste paper into a paper empire

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In 1985, she started a paper business with with 3,800 US dollars; 21 years later, she became China’s richest person: How Zhang Yin turned America’s waste paper into a paper empire

Zhang’s husband Liu Ming Chung, the CEO of Nine Dragons, is also a billionaire. In 1985, business tycoon Zhang Yin started a paper-trading business in Hong Kong with about 30,000 yuan, or 3,800 US dollars. More than two decades later, she would be named China’s richest person, with an estimated fortune of $3.4 billion on … Read more

Indian-origin father and son’s hotel empire in US accused of $100 million loan fraud and ponzi-like scheme

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Indian-origin father and son's hotel empire in US accused of $100 million loan fraud and ponzi-like scheme

DOJ has filed a civil complaint against father-son duo Pankaj Sheth and Rajan Sheth. An Indian-origin family running a hotel business in the US secured more than $100 million in loans over nearly three decades despite a history of loan defaults, bankruptcies and court judgments, according to a civil complaint filed by the US Department … Read more

Laurene Powell Jobs left Wall Street and moved to Florence for eight months, then built a multibillion-dollar empire funding education, climate and social change

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Laurene Powell Jobs left Wall Street and moved to Florence for eight months, then built a multibillion-dollar empire funding education, climate and social change

Laurene Powell Jobs took an unconventional route from Wall Street to becoming one of the most influential philanthropists and investors in the United States. After graduating from the University of Pennsylvania in 1985, she spent a year at Merrill Lynch and two years at Goldman Sachs before leaving finance and moving to Florence, Italy, where … Read more