Wealth Wipeout of $16 Billion: China’s Top Billionaires Hit Hard by Market Sell-Offs
A dramatic sell-off in shares of two major Chinese consumer companies wiped out over $16 billion from the fortunes of some of China’s wealthiest individuals, highlighting growing investor anxiety about the health of Asia's largest economy. Zhong Shanshan, founder of beverage giant Nongfu Spring and China's richest person, saw his...