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Chinese billionaire lost $27 billion amid Beijing’s crackdown on tech giants

billionaire loses $27 billion

The Chinese government’s ongoing crackdown on private companies has reportedly resulted in a Chinese billionaire losing over $27 billion this year.

Thanos snapped: Colin Huang, founder of the Chinese e-commerce platform Pinduoduo Inc. (PDD), lost nearly half his wealth as Beijing continues to impose stricter restrictions on tech giants and U.S.-listed Chinese companies, according to Bloomberg.  

New richest man in Singapore is worth $20.3 billion

Sea's Limited CEO Forrest Li

Forrest Li, the co-founder of Sea Limited, a tech conglomerate that oversees digital services and brands such as Shopee, Garena and SeaMoney, has become Singapore’s richest man, as per the Bloomberg Billionaires Index.

How it happened: Li became the city-state’s richest man after his company saw a 67% increase in shares this year, according to Bloomberg. He now has a net worth of $20.3 billion.

Ex-Google Engineer Becomes China’s Third-Wealthiest Billionaire

Colin (Zheng) Huang, surged into the spot of China’s second-wealthiest person on Sunday before settling for third-wealthiest on Tuesday.

Rise to riches: Earning a degree from the elite Zhejiang University based in Hangzhou with an acceptance rate of less than 0.5%, Huang later earned his master’s degree in computer science from the University of Wisconsin-Madison. The 40-year-old entrepreneur built his empire after working as an intern at Microsoft in Beijing and Seattle and then moved on to be an engineer for Google in 2004. According to his 2016 Medium blog post, he worked there for three years as a “software engineer and then product manager,” after his mentor suggested that he stay for at least that minimum.

Over 20,000 Women Apply to be Japanese Billionaire’s Girlfriend and Go to the Moon

Yusaku Maezawa

Thousands of women are now reportedly lining up to become the girlfriend of Japanese billionaire Yusaku Maezawa.

The 44-year-old fashion mogul recently made headlines after announcing his search for a girlfriend who he can take with him to the moon. Maezawa, who sold his online fashion business Zozo Inc. to SoftBank Group Corp. last year, is set to become the first private passenger on Elon Musk’s SpaceX, reports Reuters.

Billionaire Uniqlo Founder Wants a Woman to Take His Job

Japanese fashion retail giant Uniqlo will likely have a female leader in the future, setting an example of a corporate shift from traditional gender roles that have typically left women under the glass ceiling.

Tadashi Yanai, founder and chief executive officer of Fast Retailing Co., which wholly owns Uniqlo, has expressed his preference for a female successor on Tuesday saying that the job is simply more suitable for a woman.

Hong Kong’s Richest Man Pays $120,000 for Students’ Trip to Japan After Meeting at the Airport

A dance group composed of 45 children from Shanghai received a generous treat from billionaire Li Ka-Shing after bumping into him at an airport in Japan.    

Members of the Little Pigeon Dancing Group and their teachers were on their way to a dance competition when they met Hong Kong’s richest man at New Chitose Airport in Hokkaido last week, reports South China Morning Post

K-Pop Idols Go Viral After Being Called ‘Korean Lesbian Billionaire’ Couple Worth $170 Billion

Many netizens fell hard for the now-viral tweet stating that a Korean lesbian billionaire couple Ha Soo Young and Kim Ji Woo had just tied the knot, becoming the world’s richest couple with a combined net worth of $170 billion.

[BREAKING] Lesbian Korean Billionaires, Ha Soo Young and Kim Ji Woo, marry. With a combined net worth of $170 BILLION, this makes them the richest couple

SpaceX is Sending a Japanese Billionaire Around the Moon to Be The First Space Tourist Ever

Elon Musk announced that Japanese billionaire Yusaku Maezawa will be the very first space tourist to board his ambitious SpaceX moon slingshot tour.

Maezawa, whose net worth is currently at $2.9 billion, plans to invite artists from different fields to join him on this outer space cruise when he boards SpaceX’s Big Falcon Rocket — or BFR — sometime in 2023, according to CNN.