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...China's Donald Trump would be an ex-People's Liberation Army soldier who majored in drainage at the Lanzhou Railroad College? But Wang Shi, who made a spectacular decision in 1984 when he moved to a tiny backwater called Shenzhen, is the country's most successful real estate mogul. He heeded Deng Xiaoping's call to explore the virtues of capitalism, starting a trading company that moved everything from copy machines to the odd crate of shellfish. Although private property was still a dirty word in communist China, in 1993 Wang invested in real estate. He had heard...

Author: /time Magazine | Title: Changing the Game in China | 6/20/2005 | See Source »

...years, Carol's Daughter, brews 350 types of skin- and hair-care products with homemade appeal and tropical scents. Founder Price, 34, joined forces eight months ago with ex--record executive Steve Stoute, and the hip-hop and business matchmaker recruited seven investors--including rapper Jay-Z, former Sony mogul Tommy Mottola and Will Smith--to put the bling--$10 million--into the brand. So far, it seems, the money has been well spent. "There's some fairy-tale dust going on," says Stoute--who previously paired music icons with Reebok, Hewlett-Packard and McDonald's to help juice...

Author: /time Magazine | Title: Biz Briefs: Bling for Beauty | 6/6/2005 | See Source »

...Cronenberg's A History of Violence, a quiet Midwestern family man (Viggo Mortsensen) is accused by some visiting gangsters of having been a hit man in Philly. In Jarmusch's Broken Flowers, a retired computer mogul (Bill Murray) learns that 20 years ago he fathered a child who is now trying to find him. In Marsh's The King, a preacher (William Hurt) who a generation earlier fathered and abandoned a child out of wedlock must pay for his age-old sin when the son (Gael Garcia Bernal) shows up. And in Von Trier's Manderlay, set in Alabama...

Author: /time Magazine | Title: Cannes Diary VII: Out of the Past | 5/17/2005 | See Source »

...Wars episodes. But the megamovie template for a coming-of-age fantasy saga is the 2002 Spider-Man, which earned $800 million worldwide and spawned its own robust franchise. If the strategy works, it feeds Hollywood's itch to be endlessly self-derivative. First comes the remake--or, in mogul-speak, the reimagining--then the sequels. If it doesn't work, the result is The Hulk or Catwoman, two pricey flops for which their studios should issue not sequels but apologies. Or the 1994 film of The Fantastic Four, which has never been released in any format...

Author: /time Magazine | Title: Once More, With Feeling | 5/9/2005 | See Source »

Anyone who saw his wife's handbag collection on MTV Cribs knows that hip-hop mogul RUSSELL SIMMONS has some serious coin. Now Simmons is teaming with financial guru SUZE ORMAN to teach cash-strapped young people how to manage their money. Their six-city tour starting this week in Detroit, "Get Your Money Right," will include seminars on credit scores, home ownership and car financing and guest appearances by Eminem and American Idol's Fantasia Barrino. Because nothing says down payment on a first home like a No. 1 album...

Author: /time Magazine | Title: Plan Your Pension With Russell | 5/8/2005 | See Source »

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