Eike Batista, once the richest man in Brazil, has been fined around US$134 million for insider trading, the securities commission said on Monday as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence.
The world's richest man, Jeff Bezos, and his wife MacKenzie have agreed with a record-breaking divorce settlement worth at least US$35bn. Ms. Bezos will retain a 4% stake in online retail giant Amazon which her husband of 25 years found.
Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.