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

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