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Alibaba founder loses over $ 3.5 billion
Finance
- 25 December, 2020
- 08:43
One of the wealthiest Chinese billionaires, Jack Ma, the founder of Alibaba, lost more than $ 3.5 billion a day as a result of the "collapse" of his shares due to an antitrust investigation launched against the company, Report states, citing Prime.
According to data from the Forbes Real-Time rating, at the end of trading on Thursday, Ma's fortune was about $ 57.3 billion. In one day, the wealth lost $ 3.6 billion. The businessman is in 19th place in the ranking.
Shares of Alibaba on the Hong Kong and New York stock exchanges fell sharply on Thursday after news of an antitrust investigation into the company. Its shares lost 8.1% in Hong Kong and 13.3% in NASDAQ.
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