Chinese Actresses Lose Hundreds of Millions in China’s Stock Market Crash

Chinese Actresses Lose Hundreds of Millions in China’s Stock Market Crash

With news of China’s recent stock market crash, don’t be surprised to see some tuhao Chinese wandering aimlessly and begging for money after having lost millions.

July 9, 2015
With news of China’s recent
Fan Bingbing, the 33-year-old actress who starred in last year’s “X-Men: Days of Future Past,” made a profit of over $32 million on her recent investment in the Shenzhen-listed Talent Television Film earlier this year, according to Shanghaiist.
The recent stock market crash has reportedly taken off 120 million RMB from her portfolio, or over $19.3 million.
Zhang Ziyi, the 36-year-old actress famous for starring in “Hero” and “Memoirs of a Geisha,” is reported to have lost around 470 million RMB from her family’s holdings, or over $75.6 million.
Vicki Zhao, the 39-year-old actress known as “China’s Show Business Buffett” (after billionaire investor Warren Buffett), took the biggest hit of all. While she has earned a reputation as the “billionaire actress” who has increased her fortune through smart investments, the stock market crash has taken a massive chunk out of her most recent investment.
In December 2014, Zhao and her husband purchased a 9.18% stake in Jack Ma’s Alibaba Pictures for $400 million — their investment increased to $762 million after the Hong Kong stock market price skyrocketed, according to Forbes.
What’s the damage after the crash? Zhao is reported to have lost 4 billion RMB, or nearly $644.5 million.
But before you shed tears for the lost millions of beautiful actresses, remember that they are probably still better off than you.
Source: Shanghaiist
      Sebastian Dillon

      Sebastian Dillon
      Sebastian is a graduate of NYU where he studied communication but developed a thirst for entrepreneurship and success. Apart from being involved in edgy apparel startups, Sebastian now puts his gritty opinions into writing and lives off hip-hop, coffee, online dating and chocolate mint Muscle Milk.




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