Hong Kong's Richest Man May Be Ready For Retirement

One of the most influential entrepreneurs in Asia – and Hong Kong's richest man – might just be stepping down from his position as chairman of the board of CK Hutchison Holdings.

Last week, the Hong Kong-based investment holding company diverted talk of 88-year-old Li Ka-shing's forthcoming retirement, but did not deny a report in the Wall Street Journal that said Li had told associates he planned to step down as chairman by next year.

10 Aliko Dangote Quotes every aspiring entrepreneur should read

Without a doubt, his name is not new to you if you are Nigerian. He’s not only the richest Nigerian, he’s the richest African and also the richest black man in the world with a net worth estimated by Forbes to be $12.8 billion as at October 2016.

The soft-spoken, private billionaire started his journey towards his fortune by trading in commodities. It wasn’t until he started to manufacture those same commodities in Nigeria and other parts of Africa that his wealth went stratospheric. You seldom hear him talk about himself or his wealth in public however,  now that he is increasingly involved in philanthropy and appearing in pictures next to the likes of Bill Gates, he can’t keep a low profile as often as he would like.

Billionaire Mats Qviberg Sells Significant Stake In Swedish Newspaper For Single Krona – About Ten Cents!

Newspapers aren't as lucrative as they used to be, but we're not quite at a point where it's not surprising to see an entire newspaper organization sold for less than a single copy of its product. Swedish news reports that just such a thing happened when billionaire Mats Qviberg sold his significant stake in Custos, an investment firm that counted Swedish newspaper Metro among its holdings after it purchased the paper in February. The sale was to Christen Ager-Hanssen, the paper's chairman of the board and CEO of Custos, for a single Swedish Krona, only a few months after he purchased it's shares in Custos at the end of 2016.

How Carl Icahn Lost Out On Earning $4 BILLION From Netflix

This month marks two years since Carl Icahn sold his stock in Netflix. The billionaire financier, who has a net worth of $18 billion, missed out on $4 billion after closing his investment in 2015. This is how it all happened:

The Inspirational Rags To Riches Story Of Billionaire Donald Friese

Recently, Donald Friese sold his Los Angeles based company C.R. Laurence for $1.3 billion and gave two key employees $1 million bonuses. It turns out that the 76-year-old newly minted billionaire has quite a rags to riches story.

Friese was born in York, Pennsylvania in 1940. He was the third of 13 children. His family was poor. When he was five years old, his parents dropped Donald and one of his brothers off at an orphanage. When he was 12, he went to work on a dairy farm and from there he worked on a pig farm and then a vegetable farm.

5 Business Lessons From the 5 Richest People on Earth

On the 20th of March 2017, Forbes published its latest Billionaires list, featuring the richest people on the plant. Today, I will be focusing on the 5 richest people and highlighting 5 key business lessons that can be learnt from them: