China’s Richest Man Sees Half His Net Worth Wiped Out In Seconds After Bubble Stock Instacrash
by Tyler Durden
ZeroHedge.com
05/20/2015
Li Hejun began the day as either China’s second-richest man according to Forbes, or richest, according to the Hurun Report and Le Figaro, with a fortune worth more than $30 billion. By 11am, his net worth was amazingly cut by half, and he was almost $14 billion “poorer” as shares in Li’s flagship Hanergy Thin Film plunged by 47% in Hong Kong before trading was suspended – due to Li’s absence at the company’s annual meeting.
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