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☆ China's richest man is under fire over conspiracy theories that say he's secretly promoting Japan
▼ + stars: | 2024-03-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

China's richest man is being targeted by nationalists who say he's not patriotic enough. AdvertisementZhong Shanshan, the richest man in China, has been beset this month by accusations from an online nationalist crowd that he isn't loyal enough to his country. Some think Nongfu Spring loves JapanThe hostility escalated this week into claims that Nongfu Spring was intentionally planting elements of Japanese culture into its product marketing. CFOTO/Future Publishing via Getty Images and Jinhee Lee/NurPhoto via Getty ImagesAnother complaint accused Nongfu Spring of using a red bottle cap that resembles the Japanese flag. China's nationalist groups have been notorious for turning on typically celebrated figures and businessmen.

Persons: Zhong Shanshan, Zong Qinghou, —, Zhong, he's, Zong, Zhong Shuzi, Jinhee Lee, NurPhoto, Mr Zong, Hu Xijin, shouldn't, Hu, Li Guoqing, Li, Zong Fuli, Mo Yan Organizations: Service, Nongfu, Hong, Hangzhou Wahaha, Hangzhou Wahaha Group, Getty Images, Weibo, Mount, Publishing, Getty, Global Times, The Global Times, Rongsheng Petrochemical, China Newsweek, China News Service, Business Locations: Japan, China, Hong Kong, Hangzhou, Zhejiang Province, American, Tokyo, Mount Fuji

☆ Nongfu Spring: Bottled water empire of China’s richest man Zhong Shanshan is facing a boycott by nationalists
▼ + stars: | 2024-03-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Zhong and his drinks firm Nongfu Spring, the country’s biggest maker of bottled water, are the latest targets of an army of internet zealots. WeiboThe nationalists have also highlighted the fact that prominent US investment funds, including Vanguard and BlackRock, are major shareholders of Nongfu Spring. “Taking advantage of Mr Zong’s death, a lot of slander against me and Nongfu Spring appeared on the internet. “Whether Wahaha or Nongfu Spring, we always insist on the same thing — producing good products for the people,” he said. Nongfu Spring is just the latest major target of China’s nationalists.

Persons: Hong Kong CNN — Zhong Shanshan, Zhong, Zong Qinghou, Zong, Zhong’s, —, “ Zhong Shuzi, ”, “, He’s, Mr Zong’s, ” Zhong, influencers, netizens, “ Zong, Wei Jiang, Mo Yan, Mao Zedong, Stringer, Li Ning Organizations: Hong Kong CNN, Wahaha, Danone, Weibo, ”, Vanguard, BlackRock, Nongfu, American, Wahaha’s, CNN, Zhejiang Daily, Communist Party, Auto, Zhejiang University of Finance, Economics, People’s Liberation Army, AFP, Getty, Nike, Adidas, United, Toyota, Honda Locations: China, Hong Kong, Beijing, American, Weibo, Nongfu, Zhejiang, Hami, China's, Xinjiang, AFP, United States, Japan

☆ Founder of discount e-shopping firm PDD races up China's rich list
▼ + stars: | 2023-10-24 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. JD.com's shares fell to a record low earlier this month after banks cut its price targets citing a weaker-than-expected recovery in consumer spending. Hui Ka Yan is currently being investigated over suspected "illegal crimes", Evergrande said last month. Reporting by Casey Hall; editing by Brenda Goh and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Colin Huang, Yin Liqin, Rich, Jack Ma, Alibaba, Richard Liu, Zhang Zetian, Rupert Hoogewerf, PDD's Temu, Zhong Shanshan, Pony Ma, Hurun, Wang Jianlin, Hui Ka Yan, Evergrande, Casey Hall, Brenda Goh Organizations: Nasdaq, REUTERS, Rights, PDD Holdings, PDD, HK, Hurun, Dalian Wanda Group, China Evergrande, Thomson Locations: New York, Shanghai, China

☆ Activist investor Carl Icahn's wealth plunged by $10 billion after a short-seller accused his company of running a 'Ponzi-like' structure
▼ + stars: | 2023-05-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Hindenburg Research released a report alleging "Ponzi-like" economic structures at Icahn Enterprises. Shares of Icahn Enterprises closed 20% lower at $40.36 on Tuesday. Activist investor Carl Icahn's wealth plunged by $10 billion on Tuesday after Hindenburg Research — a short-seller that took on one of Asia's richest men earlier this year — targeted Icahn Enterprises with a scathing report. As Icahn derives his wealth from an 89% stake in Icahn Enterprises, his fortune was hit by the rout. Insider was unable to reach Icahn Enterprises via phone outside regular business hours.

☆ China's super-rich see fortunes plunge as economy slows
▼ + stars: | 2022-11-08 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday. The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. "This year has seen the biggest fall in the Hurun China Rich List of the last 24 years," said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance's valuation. Tencent founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list.

☆ Alibaba’s Jack Ma and China’s super-rich see billions wiped off fortunes as economy slows
▼ + stars: | 2022-11-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, according to an annual rich list. Tencent founder Pony Ma posted the second largest drop in wealth amid sliding tech stock prices. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance’s valuation. Tencent (TCEHY) founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list. Alibaba (BABA) founder Jack Ma and his family tumbled four places to be ranked No.

☆ China's richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term
▼ + stars: | 2022-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 13 richest people in China lost $12.7 billion on Monday alone, per Bloomberg. Their losses were due to a massive market sell-off over President Xi Jinping's third term in office. Tencent founder and CEO, Pony Ma, was the biggest loser in the market rout, as his net worth plunged by $2.5 billion to $24 billion, per Bloomberg. Alibaba founder Jack Ma lost $1.2 billion, bringing his net worth down to $29 billion, while JD.com's Richard Liu saw his net worth fall by $1.3 billion to $9 billion, according to Bloomberg. Alibaba shares fell 13% on the Nasdaq and 11% in Hong Kong.

☆ Bill Gates, 11 lucruri NEȘTIUTE despre averea sa: 4.630 de dolari pe secundă, peste 400 de ani pentru a cheltui tot
▼ + stars: | 2021-05-05 | by ( ) www.jurnal.md time to read: +3 min

Bill Gates a devenit cu 41 de miliarde de dolari mai bogat doar anul trecut. Pe 4 mai 2020 averea netă a lui Gates era de 105 miliarde de dolari. Acesta este de asemenea cu 70 de miliarde de dolari mai bogat decât era în urmă cu 5 ani. Gates este mai bogat decât cea mai bogată persoană din Asia și cea mai bogată persoană din China la un loc. Astfel, cei doi au împreună 141 de miliarde de dolari, cu 5 miliarde mai puțin decât averea lui Gates.

Persons: Bill Gates, . Bill Gates, Gates, 2 . Gates, ., . Gates, . Bill, Melinda Gates, Fundația Bill, 10 . Gates, Zhong, Gates . Organizations: Forbes, Fundația Locations: Washington, american, Luxemburgului, Estoniei, Boliviei, Asia, China, Mukesh

☆ Musk, tot mai aproape să devină cel mai bogat om din lume, devansându-l pe Bezos. La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Elon Musk este tot mai aproape să devină cel mai bogat om din lume, după ce o creștere cu 2,8% a prețului acțiunilor producătorului de vehicule electrice a adus averea lui Musk la 3 miliarde de dolari distanță de cea a fondatorului Amazon, Jeff Bezos. Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari.

Persons: Jeff, Tesla, Zhong Shanshan, Warren Buffett Organizations: Amazon, Space Exploration Technologies, Mediafax Locations: Elon, Africa de Sud, Musk

☆ Elon Musk va deveni cel mai bogat om din lume, devansându-l pe Jeff Bezos; La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +1 min

Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari. Zhong Shanshan l-a depășit pe Warren Buffett pentru a revendica al șaselea loc după ce acțiunile companiei sale de apă îmbuteliată au crescut, adăugând 15,2 miliarde de dolari la averea sa.

Persons: Tesla, Zhong Shanshan, Warren Buffett Organizations: Space Exploration Technologies, Mediafax Locations: Africa de Sud, Musk

☆ Elon Musk este cel mai bogat om de pe planetă cu o avere de 188,5 miliarde de dolari
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +2 min

După creşterea de 4,8% înregistrată joi de acţiunile Tesla, averea lui Elon Musk a ajuns la 188,5 miliarde de dolari, cu 1,5 miliarde mai mult decât cea a lui Jeff Bezos, care deţinea titlul de cel mai bogat om din lume începând din luna octombrie 2017. Titlul de cel mai bogat om din lume vine după 12 luni de creştere extroardinară pentru Musk. În vârstă de 49 de ani, Elon Musk a profitat de creşterea spectaculoasă a acţiunilor Tesla în mai multe feluri. Pe lângă participaţia sa de 20% din acţiunile Tesla, Elon Musk deţine şi opţiuni cu acţiuni la compania pe care a fondat-o. Chiar dacă a trecut mai puţin de o săptămână de la începutul anului 2021, clasamentul celor mai bogaţi oameni ai lumi a suferit deja modificări.

Persons: acţiunile Tesla, Elon Musk, Jeff Bezos, Tesla, Zhong Shanshan, Warren Buffett Organizations: Ford, Co, General Motors, Congresului Locations: Georgia, Congresului SUA, acţiunile

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