While the combined wealth of tycoons on the 2021 Forbes Hong Kong Rich List rose 7.5% to US$331 billion, up from $308 billion last year, more than half saw a pandemic-induced drop in their net worth.
They collectively shelled out $2.3 billion, more than twice as much as Joe Biden’s entire campaign.
Some analysts think the risky options market is why GameStop is up nearly 200% since Wednesday; others blame an ice cream tweet.
Foxconn has already agreed to work on electric cars with Fiat Chrysler and Geely, among others.
Q believers are convinced the former president’s Pennsylvania Avenue hotel is sending a signal about the much-anticipated date—when he will be inaugurated again.
Rather than being a means for the not-so-rich to show status, second hand fashion has now become a lucrative investment, outperforming most stock markets.
“The big problem is that we’re not doing enough to end the pandemic globally,” Gates says.