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July 30, 2021

Porsche family joins billionaire space race with rocket investment, Amancio Ortega’s Inditex fortunes fall and rise with Covid-19 restrictions, Weston family puts Selfridges on the auction block for $5.5 billion.

Porsche family joins billionaire space race with rocket investment

The Porsche family is backing the European rocket launch startup Isar Aerospace Technologies with an eye on the spin-off innovations from easier access to space.

November 12, 2019

John Gokongwei Jr, a Philippine billionaire who started his $5.7 billion family business empire by cycling around island towns selling snacks, has died aged 93.

John Gokongwei Jr, a Philippine billionaire who started his $5.7 billion family business empire by cycling around island towns selling snacks, has died aged 93.

Affectionately known as “Mr John”, the founder and chairman emeritus of the first Philippine multinational conglomerate was an “inspiration to entrepreneurs and businessmen around the nation, with his pioneering ideas, his strong work ethic, his passion, and perseverance,” JG Summit Holdings said in a statement.

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