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Philippine Billionaire Enrique Razon Consolidates Water Utility Assets In $671 Million Deal
Manila Water is buying WawaJVCo—the developer and operator of the Wawa dam in Rizal province, about 30 kilometers east of Manila—Prime Infra, the key shareholder of both companies, said.
ByIan Sayson,
Forbes Staff
Billionaire Mehta Brothers’ Torrent To Buy Stake In India’s JB Pharma In $1.4 Billion Deal
The deal grants Torrent Pharma access to a thriving pharmaceutical business. JB Pharma makes drugs for gastroenterology, hypertension, dermatology and diabetes.
Forbes Staff
Wedding Protesters Say Bezos Should Pay More Tax. Here’s How Much He Likely Did Pay
Ahead of his Venice wedding, protesters called for the billionaire Amazon founder to pay more taxes. Here’s our estimate of how much tax Bezos has likely been paying—and what he’s done to lower his bill.
ByPhoebe Liu,
Forbes Staff
Chairman Of Chinese Gold Jeweler Zhou Liu Fu Becomes A Billionaire After Stock Surge
Li Weizhu, the 47-year-old chairman of Zhou Liu Fu Jewellery, joins the billionaire ranks following his company’s $165 million IPO in Hong Kong.
ByZinnia Lee,
Forbes Staff
Here’s How Much The Bezos-Sánchez Wedding Extravaganza Really Cost
The lavish, celebrity-packed affair in Venice, replete with private water-taxis, three-Michelin-star catering and Murano glass gifts for guests, is over the top, but far from the most expensive billionaire wedding on record.
Forbes Staff
Will Mamdani’s Proposed Millionaire Tax Save Or Sink New York City?
Zohran Mamdani won over New York City voters by promising to make the city more affordable with a rent freeze and free services funded in part with an added tax on the rich.
Forbes Staff
Philippine Billionaire Andrew Tan’s Megaworld Deepens Tourism Bet With $113 Million Project
Megaworld has been scaling up its hospitality business. It now has 36 townships across the Philippines, many of which are in tourist spots such as Boracay, Cebu, and Ilocos.
ByIan Sayson,
Forbes Staff
Musk Fires Top Tesla Exec Amid Plunging Tesla Sales in Europe & China
Tesla's European new car sales plummeted 27.9% year-on-year in May, partly due to brand damage from CEO Elon Musk's controversial rhetoric. Meanwhile, Chinese manufacturers are rapidly gaining ground, maintaining strong momentum in Europe's evolving EV market.
ByKenny Rivera,
Forbes Staff
Billionaire Charoen’s Frasers Property, Partners Offer Top Bid Of $387 Million For Plot At Former Singapore Turf Club
Frasers Property has been stepping up residential developments to tap into pent-up demand for luxury homes in Singapore. Last November, it partnered with Sekisui House to redevelop a serviced apartment along the Singapore River into a mixed use residential and retail complex.
Forbes Staff
Billionaire Sarath Ratanavadi’s Gulf Development, Partner Greenlight $1.8 Billion LNG Project
The LNG terminal—a joint venture between Gulf Development and a unit of Thailand's state-owned energy company PTT—will have an annual capacity of 8 million tons in the first phase.
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