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" ... Among the four tycoons who dropped off this year’s list are siblings Kusnan and Rusdi Kirana, whose airline Lion Air suffered as air travel nosedived. Altogether, 28 listees saw their fortunes fall in the past year. ... "
" ... Four tycoons returned to the ranks, largely due to this year’s lower cutoff, which fell 23% from last year’s list to $100 million. They are Michael Romero (No. 46, $135 million) of Globalport 900; Luis Virata (No. 48, $115 million) of Nickel Asia, Mikel Aboitiz (No. 49, $110 million) of Aboitiz Equity Ventures and Lourdes Montinola (No. 50, $100 million) of Far Eastern University. ... "
" ... Other notable newcomers include Larry Xiangdong Chen, who joined the three-comma club after his Beijing based GSX Techedu, which provides online after-school tutoring for K-12 students, went public on the New York Stock Exchange in June 2019. Its stock has almost quadrupled since the IPO, thanks to China’s rising middle class and increased demand for virtual education during the coronavirus crisis. In total, 80 Chinese tycoons — 77 of whom are self-made — debuted on Forbes World’s Billionaires list in 2020, while another 28 who had been on the list prior to 2019 are back on the list this year. ... "
" ... So looking at some of the Italian tycoons, octogenarians facing the same daily issues as forty year-old accomplished managers, makes me sad. They are wasting the best part of their life, a part in which you can reflect on yourself, on your achievements, you can make people grow, giving them your space, letting them make mistakes, like the ones you made and in turn made you who you are today. They are wasting the opportunity to leave a heritage, a seed for eternity. They are repeating daily inconsequential tasks, the same tasks already done for the past several years, instead of devoting themselves to the last most important task of all. It has always surprised me how many people repeat their actions, day after day, without noticing it’s merely a repetition of the same actions or processes, instead of jumping aside to do something new. All of these reflections tormented me yesterday and consequently led to my nightmare. All Italian tycoons have departed for Mars, abandoning the nation’s economic, financial and industrial landscape, finally happy to build something else elsewhere. ... "
" ... While U.S. tycoons grab headlines for their increasing fortunes, Chinese billionaires as a group have actually gotten the richest this year in dollar terms. The country, which imposed heavy lockdown rules after the Covid-19 outbreak began, has bounced back in stunning fashion from its start as the epicenter of the pandemic. The CSI 300 Index, which tracks 300 of China’s leading companies, is up 19% this year—helping Chinese billionaires add a total of $750 billion to their aggregate net worths in 2020. Altogether, the 400 Chinese billionaires are worth $2 trillion. That doesn’t include the 67 Hong Kong billionaires, whose fortunes rose a collective $60 billion, to an aggregate of $380 billion. ... "