Ironically, throughout the pandemic, corporations, and billionaires enjoyed record profits while millions became paupers overnight. In fact, a new billionaire was minted every 30 hours on average, but since the start of this year, statistics tell a different story.
Not far behind in losing a fortune is Amazon’s Jeff Bezos, who left the company last year. His net worth plummeted by $61.1 billion and his wealth is now at $131 billion. Zhao saw his net worth fall from nearly $95 billion in January to $14.9 billion on May 20 as the cryptocurrency market crashed. The shrinking of Li’s fortune came as a series of bad news engulfed Sea, which he founded in 2009, which sent its share prices tumbling more than 80% since its October peak.
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Source: IndependentSG - 🏆 9. / 63 Read more »