BEIJING: Until recently, few people had even heard of the Chinese billionaire with a gruff reputation who built a fortune on China’s seemingly unquenchable demand for his ubiquitous red-capped bottled water. But reclusive Zhong Shanshan has become Asia’s richest man following the stock listings …
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Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses.