China’s surging stock markets plunged this week, wiping out more than $6 billion in one day from the collective fortunes of the country’s 20 richest people, according to the Bloomberg Billionaires Index.The billionaires lost 2.2 percent of their personal fortunes in the market drop, which clipped 6.5 percent and 5.5 percent from the Shenzhen and Shanghai indexes, respectively. On Friday, the Shanghai Composite fell a further 0.2 percent while Shenzhen rebounded 1.3 percent.

Source: China’s Richest Lost $6 Billion in One Day This Week. They’re Still Up $83 Billion This Year – Bloomberg Business

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