Chinese billionaire Guo Wengui, who was arrested in New York earlier this month on fraud charges, says he’d be worse off if he fled the US than if he stayed and faced trial. Guo, also known as Ho Wan Kwok, asked to be released on a $25 million bond, arguing he’s not a flight risk. He noted that he hadn’t left the US since 2017, when he sought political asylum in the country. In fact, he argued that fleeing would endanger him more as it would expose him to the Chinese Communist Party that has...

As Elon Musk was giving his second day of testimony in San Francisco about his 2018 Tesla Inc. go-private tweet, his wealth was increasing by the most in more than two months. Musk’s fortune has swelled by about $10.6 billion to $145.2 billion since taking the stand on Friday, according to the Bloomberg Billionaires Index, the biggest two-day gain since November. His net worth has rebounded this year along with the majority of the world’s 500 richest people as markets bounce back from a...