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Stock Rout Cuts Fortune Of Asia’s Richest Man

by Forbes Middle East Forbes Middle East - Business News
The continuing global stock rout that took a bite out of the wealth of Americas richest overnight hit many of Asias top billionaires today.
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Ma Huateng, the chairman of Chinas Internet giant Tencent Holdings who is currently Asias richest man, lost more than $4 billion of his fortune after shares in the Hong Kong-traded company plunged by 7.1%. Mas wealth now stands at an estimated $45.6 billion, according to the Forbes Real-Time Billionaires List. Tencents steep decline was in percentage terms even worse than the 5.1% fall in the main index of the Hong Kong Stock Exchange today.

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Created on Feb 9th 2018 01:01. Viewed 83 times.

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