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Some of Asia's elite in the spotlight after leak of Pandora Papers

About a dozen Malaysians were among those named in the 12 million files making up the Pandora Papers.. Read more at straitstimes.com. ....

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Who are the Richest Billionaires in Singapore Who Made the 2021 Annual Forbes List?

#140 Eduardo Saverin
Net Worth: US$14.6B
In 2004 Eduardo Saverin, who is currently based in Singapore, co-founded Facebook with Mark Zuckerberg. In 2012, the pair parted ways though Saverin continues to retain a small stake in Facebook which provides him with most of his wealth.
In 2016, Saverin launched a venture fund called B Capital with Raj Ganguly. This fund has since managed to raise SGD$766 million and they invest heavily in tech firms around the world.

Net Worth: US$13.3B
Robert and Phillip Ng, who are brothers, run Far East Organisation which is Singapore s largest private landlord and property developer. The company was founded by their father Ng Teng Fong. ....

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Billionaire Boys Club: Meet Singapore's 31 wealthiest men – and 1 woman

Billionaire Boys Club: Meet Singapore's 31 wealthiest men – and 1 woman
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Japanese Retailer PPIH to Acquire Gelson's Markets

The Gelson s market at Westfield Century City in Los Angeles, California.
Japanese retailer Pan Pacific International Holdings (PPIH) has entered into a definitive agreement to acquire Gelson’s Markets, signaling a possible period of accelerating growth for the upscale California grocery chain.
The deal is expected to close in the second quarter of 2021.
Gelson’s, which operates 27 stores and was founded in Burbank, California, in 1951, was acquired by private equity firm TPG Capital in 2014.
The grocer, which will celebrate its 70th anniversary in July, added 10 locations while owned by TPG, expanding its footprint from Santa Barbara to San Diego. Gelson s Markets are known for offering premium assortments of both fresh and dry grocery, as well as upscale service and e-commerce offerings. ....

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Gelson's to be acquired by Japanese supermarket parent – Produce Blue Book

PRESS RELEASE: Encino, Calif. (February 23, 2021) – Gelson’s Markets BB #:113119, a premier Southern California-based supermarket chain, today announced that Pan Pacific International Holdings (TSE1:7532) (PPIH) and TPG Capital, the private equity platform of global alternative asset firm TPG, have entered into a definitive agreement pursuant to which PPIH will acquire Gelson’s from TPG Capital.
The deal is expected to close in the second quarter of 2021 and is subject to customary closing conditions.
“We have long appreciated TPG’s understanding of the Gelson’s brand and its strong support over the past seven years, from financing newly built and acquired stores to investing in our Santa Fe Springs distribution center,” said Rob McDougall, President and CEO of Gelson’s. “As we look to the future, we are excited about opportunities for new growth and partnerships under PPIH, while remaining focused on our longtime commitment to the highest standards of qu ....

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