Her net worth has plunged 84% since June 2021, or $28.6 billion, according to the Bloomberg Billionaires index. Yang’s current net worth is $5.5 billion, the biggest dollar decline for the world’s richest people over that period, placing her at #475 on the Bloomberg ranking. She lost $490 million on Tuesday alone, according to the index.
cn, citing an anonymous company source, reported that Country Garden suffered “temporary liquidity pressure” due to deteriorating sales and a difficult refinancing environment. It was “actively” seeking funds to resolve the debt crunch and would protect the legitimate rights of creditors, the person was quoted as saying. Country Garden still has a 30-day grace period before would be labeled as a defaulter.
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