TikTok founder Zhang Yiming has become China’s richest man with a fortune of around $50bn (£38bn). The 41-year-old, dubbed the “King of Short Videos”, topped China’s Hurun Rich List for the first time with $49.3bn (£37.9bn). Mr. Yiming stepped down as CEO of ByteDance, TikTok’s parent company, in 2021. He is the 18th person to … Read more
The founder of BrewDog has claimed that entrepreneurs will abandon Britain if capital gains tax is increased. James Watt, founder of the brewery and pub chain, told Sky News that a significant increase in the tax would “do much more damage to our economy” and deal a devastating blow to every household’s prosperity. Mr. Watt, … Read more
Over the past six decades, Autry Stephens has worn nearly every hat in the oil industry, from trucker to driller to engineer. Now he’s poised to don the crown of America’s richest oil tycoon. On Monday Diamondback Energy Inc. agreed to buy Stephens’s Endeavor Energy Resources LP for $26 billion in cash and stock. The … Read more