Video gaming and e-commerce mogul sees wealth losses surpass US$10 billion after Tencent sells Sea shares

//Video gaming and e-commerce mogul sees wealth losses surpass US$10 billion after Tencent sells Sea shares

Video gaming and e-commerce mogul sees wealth losses surpass US$10 billion after Tencent sells Sea shares

The man who once was Singapore’s richest person has had one of the world’s biggest wealth plunges.Forrest Li, the chairman and chief executive officer of Sea Ltd, has lost almost US$11 billion of his fortune since the American depositary receipts of the company peaked on October 19, according to the Bloomberg Billionaires Index. After growing competition and a wider profit loss, the latest blow came on Tuesday, when Tencent Holdings Ltd cut its stake in the gaming and e-commerce giant, driving…

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By | 2022-01-06T03:25:15+00:00 January 6th, 2022|Technology|Comments Off on Video gaming and e-commerce mogul sees wealth losses surpass US$10 billion after Tencent sells Sea shares