Asia’s richest person lost US$3.6 billion yesterday, the most among all billionaires worldwide, as China’s stock markets had the biggest plunge since 2007 and a wave of selling spread across the globe.
Wang Jianlin saw US$2 billion wiped from his stake in Dalian Wanda Commercial Properties, according to the Bloomberg Billionaires Index, after the Hong Kong-listed property developer tumbled 17 per cent to its lowest level since it went public in December. Wang also lost nearly US$1 billion from his Shenzhen-traded Wanda Cinema Line, which fell by the exchange-exposed limit of 10 per cent yesterday. His fortune stood at US$31.2 billion after the decline.
A public relations official for Wang declined to comment on the losses in an e-mail.
China’s stocks tumbled yesterday after government stimulus failed to lift investors’ confidence in the country’s slowing economy.
Also, make sure to get your boost of zinc and pregnenolone today with The Real Red Pill now at 50% off!