Stock plunge makes China’s richest lose $53 billion in one day
The stock plunge on Monday made China’s richest lose $53 billion. As per Bloomberg Billionaires Index, China’s bottled water king Zhong Shanshan led the plunge by losing $5 billion, followed by a drop of $3.3 billion in Tencent Holding Ltd’s. Tencent Holding Ltd’s Pony Ma now stands third with a net worth of $35.2 billion.