Chinese Billionaires Lead The List Of 2021’s Biggest Billionaire Net Worth Losers

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splits: 65

When you had been a billionaire in 2021, you type of needed to work laborious to lose cash final yr. The S&P 500 achieve 27% in 2021. So, for those who had a net worth of $10 billion at the beginning of 2021 and also you merely purchased an S&P monitoring fund, right this moment you’d have a net worth of $13 billion.

Telsa inventory elevated 50%. So had you invested 100% of your fortune in Tesla, right this moment you’d have $15 billion.

Bitcoin gained 73% in 2021.

Ethereum gained 455%.

One thing referred to as Binance gained 1,344%.

Dogecoin gained practically 1,600%!!!

Assuming my January 1st hungover math is appropriate, had you invested 100% of your $10 billion fortune into Dogecoin at the start of 2021, right this moment you would be price $160 billion. Sufficient to make you the fifth richest person in the world today.

Any billionaire price his half his salt ought to have been capable of throw a dart at some investments at the beginning of 2021 and be sitting on the next net worth right this moment.

For a wide range of causes, 2021 was an particularly tough yr for a bunch of Chinese tycoons. In 2021, the Chinese authorities principally declared war on billionaires and celebrities that it thought-about dangerous function fashions or one way or the other not in-line with social gathering politics and energy.

Out of the 80 recognized billionaires from China, half noticed their internet worths drop in 2021. By comparability, each single billionaire in Italy, Eire, Israel, Indonesia, Malaysia, Norway, South Africa and Spain noticed their internet worths enhance final yr. In the USA, India, France and Germany, roughly 10-20% of billionaires noticed net worth losses.

The greatest billionaire loser of the yr was Colin Huang, the founding father of Chinese e-commerce platform Pinduoduo. Huang’s net worth dropped a nose-bleeding-inducing $42 billion in 2021. By comparability, the most important American billionaire loser of 2021 was Zoom CEO Eric Yuan. His net worth dropped $7 billion as Zoom’s share worth dropped round 50%.

Listed below are the ten Biggest Billionaire Losers of 2021:

#10: Ma Huateng

Nation: China

Net price at the start of 2021: $56.5 billion

Net price right this moment: $47 billion

Loss = $9.5 billion

Ma Huateng, aka “Pony Ma” is the founder and CEO of Tencent, certainly one of China’s largest know-how conglomerates and the world’s largest gaming firm. Tencent’s inventory worth dropped 20% in 2021 as gaming income slowed down in response to authorities crackdowns on the training and leisure sectors.

#9: Gina Rinehart

Nation: Australia

Net price at the start of 2021: $28 billion

Net price right this moment: $18 billion

Loss = $10 billion

#8: Jack Ma

Nation: China

Net price at the start of 2021: $50 billion

Net price right this moment: $38 billion

Loss = $12 billion

Jack Ma was most likely essentially the most high-profile goal of the China’s billionaire flogging. His firm Alibaba noticed its inventory worth drop in half in 2021 after income started to dry up in its main enterprise items. Alibaba and Ma each additionally suffered when China scuttled the deliberate IPO of the hotly-anticipated cellular fee spinoff Alipay. Many observers imagine China’s high brass have long-felt that Jack Ma was getting too well-known or an excessive amount of of a cult of persona and due to this fact wanted to be introduced down a peg.

(PHILIPPE LOPEZ/AFP by way of Getty Photos)

#7: Goh Cheng Liang

Nation: Singapore

Net price at the start of 2021: $27.5 billion

Net price right this moment: $15 billion

Loss = $13.5 billion

#6: Lei Jun

Nation: China

Net price at the start of 2021: $31.5 billion

Net price right this moment: $17 billion

Loss = $14.5 billion

Lei Jun is the founding father of electronics firm Xiaomi. In January 2021 the USA authorities launched a report which alleged that Xiaomi was “owned or managed” by the Folks’s Liberation Military. The report briefly banned American people or firms from investing within the firm. The designation was ultimately lifted however the injury was accomplished.

#5: Jim Ratcliffe

Nation: China

Net price at the start of 2021: $27.5 billion

Net price right this moment: $12.5 billion

Loss = $15 billion

#4: Tadashi Yanai

Nation: Japan

Net price at the start of 2021: $45.5 billion

Net price right this moment: $30 billion

Loss = $15.5 billion

#3: Hui Ka Yan

Nation: China

Net price at the start of 2021: $23.5 billion

Net price right this moment: $6.5 billion

Loss = $17 billion

#2: Jay Y. Lee

Nation: Korea

Net price at the start of 2021: $28 billion

Net price right this moment: $8.4 billion

Loss = $19.6 billion

#1: Colin Huang

Nation: China

Net price at the start of 2021: $63 billion

Net price right this moment: $21 billion

Loss = $42 billion

Colin Huang is the founding father of e-commerce firm Pinduoduo. After reporting slower-than-expected income and consumer development numbers within the third quarter, Pinduoduo’s share worth dropped in half. Within the fallout, $42 billion was wiped from Colin’s net worth. That is the most important drop of any billionaire on this planet final yr.


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