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The private client world this week

Weekly briefs on billionaires, family offices and private capital, drawn from Bloomberg, Forbes, the South China Morning Post and other leading titles, with context for families and their advisers.

Forbes · Americas

California's billionaire tax faces rival ballot measures before November vote

A Forbes column examines Propositions 41 and 42, which could block a one-time 5% levy on billionaire wealth if they pass.

October 13, 2026
Bloomberg · Asia

Low Tuck Kwong's fortune falls by a third after discounted Bayan sale

Indonesia's coal billionaire and his daughter sold 30.25% of Bayan Resources to a vehicle of tycoon Haji Isam at a deep discount to market.

October 13, 2026
Bloomberg · Middle East

Masayoshi Son seeks up to $100bn from Gulf investors for AI fund

The Financial Times reports that SoftBank's founder has held talks in the UAE and elsewhere in the Gulf to back an AI-led acquisition strategy.

October 13, 2026
Bloomberg · Global

Oryx Energies founder Jean-Claude Gandur sells control to management

Bloomberg reports a management buyout valuing the Swiss-based African fuel distributor at about $1bn, ending founder control.

October 13, 2026
Nikkei Asia · Asia

Chinese family offices turn back towards Hong Kong, Nikkei Asia reports

New rules in mainland China and slower approvals in Singapore are prompting wealthy Chinese families to reconsider where they base their offices.

October 13, 2026
Bloomberg · Europe

C&A's founding family names its CFO as next Cofra chair

Florian Brenninkmeyer will succeed Martijn Brenninkmeijer at the family holding company in April 2027, moving control to the sixth generation.

October 13, 2026
Forbes · Americas

Record university gifts show billionaires backing engineering and AI

Forbes reviews a run of very large donations to US universities, led by Ken Griffin's $3bn gift to Carnegie Mellon.

October 13, 2026
Bloomberg · Americas

Tech fortunes add a record $845bn as other billionaires lose ground

The Bloomberg Billionaires Index shows technology founders gaining a record sum in nine months, while fortunes built outside tech fell by $62bn.

October 13, 2026
Bloomberg · Europe

UK billionaire departures leave a $160bn gap, Bloomberg analysis finds

Bloomberg calculates that billionaires who have left Britain or loosened their ties since 2024 hold more wealth than those who remain.

October 13, 2026
Forbes · Asia

Gautam Adani returns to the top of the Forbes India rich list

Forbes says India's 100 richest hold about $1tn combined, with Adani overtaking Mukesh Ambani and Lakshmi Mittal posting the largest percentage gain.

October 13, 2026