Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
The list was a snapshot of wealth as of August 15, said the publisher.
With a personal fortune of $32.1 billion, Wang runs the Dalian Wanda conglomerate which has interests in real estate and entertainment. The company owns U.S. theater chain AMC and movie maker Legendary Entertainment and is in talks to purchase Dick Clark Productions.
The fastest riser on the list was Yao Zhenhua of Baoneng Group, who finished in the fourth position. He shot up 200 spots on the list following a nine-fold increase in his wealth to $17.2 billion. He made the news this year for his of the shares of leading real estate developer China Vanke.
"Yao represents the new wave of wealth creation by financial investments in China. It started with trading twenty years ago, followed by manufacturing, real estate development, IT and today financial investment," said Hurun's founder, Rupert Hoogewerf.
Alibaba's high-profile Founder and Chairman Ma meanwhile saw his wealth surge 41 percent to $30.6 billion—although that still fell short of Wang's wealth.