Gambling’s Biggest Prize
Donald Frazier
Who will have the better hand in China, Steve Wynn or Sheldon Adelson?

Taking Education Out of India
Saritha Rai
Manipal Group uses its smarts to become India’s first global education brand.

India’s Funky Boutique Hotels
Naazneen Karmali
Priya Paul’s hotel chain dares to be different.

Sections
Companies, People, Ideas
Technology
Japan’s 40 Richest
Sportsmoney: Major League Baseball
Top-Earning Hedge Fund Managers

Front & Back
Sidelines
Readers Say
Fact & Comment
Thoughts

Companies, People, Ideas

Vietnam Loses Its Luster
Ralph Jennings
Soaring labor costs and spreading labor conflicts are turning off foreign investors.

Building Value
Justin Doebele Sonya Agraini
The head of the real estate advisory firm Jones Lang LaSalle sees a bright picture for the global property market.

What Slowdown?
Russell Flannery
Hong Kong’s Fang textile clan moves forward and upmarket in China.


How Shipping King John Fredriksen Found A Port In The Storm
Christopher Helman
Shipping titan John Fredriksen’s $11 billion fortune has soared while the tanker industry has been tanking. His secret offers a lesson for every industry.

Warren Buffett Invested In ISCAR; ISCAR’s Founder Is Investing In Peace
Caleb Melby
Industrial parks are Stef Wertheimer’s weapon of choice in the fight to end conflict in the Middle East.

Boshiwa Shares Suspended
Jane Ho
Children’s apparel maker Boshiwa has its Hong Kong-listed shares suspended.

Silicon Valley’s Hottest VC Is a Rug Dealer
Victoria Barret
How one guy who barely spoke English landed in the Bay area, sold Persian rugs to venture capitalists -- and became one of the most successful angels in tech.

Technology

The Going Rate For An iPhone Hack: $250,000
Andy Greenberg
Hackers now sell their tricks to government spies at six-figure prices.

Japan’s 40 Richest

Asia-Pacific Billionaires: Net-Net Negative
Naazneen Karmali
Asian wealth reflects the region’s mixed fortunes

The List
Forbes Staff
Things got choppy in Asia this year as the number of billionaires fell to 315 from 332.

Sportsmoney: Major League Baseball

Why Matt Kemp Makes A Boatload Of Money From A Bankrupt Baseball Team
Monte Burke
Matt Kemp signed a contract for $160 million--on a baseball team that is bankrupt.

The MLB’s Top Earning Players
By Kurt Badenhausen
What the heavy hitters are making, on and off the field.

Baseball’s Most Valuable Teams
Edited by Kurt Badenhausen, Mike Ozanian And Christina Settimi
The average team is worth 16% more than it was last year.

Top-Earning Hedge Fund Managers

The Rankings
Forbes Staff
The average hedge fund fell by 5% in 2011, but the industry’s top 40 titans pulled in a total $13.2 billion.

Volcker Rule Refugees: Traders Go It Alone
Halah Touryalai
New regulations are driving proprietary traders out of Wall Street banks and into the hedge fund business. Here are ones to watch.