China’s richest man loses $15 billion in one hour

China’s richest man Li Hejun lost $15 billion in just one hour yesterday when the stock for this solar panel firm Hanergy plummeted 47 percent in Hong Kong trading. Li overtook Jack Ma of Alibaba as China’s richest man in March when the stock for his company was estimated at $45 billion. He has so far not explained the astonishing crash. Hanergy’s shares had surged by 625 percent over the past year.

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