{"id":638745,"date":"2026-10-07T04:50:20","date_gmt":"2026-10-07T04:50:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/638745\/"},"modified":"2026-10-07T04:50:20","modified_gmt":"2026-10-07T04:50:20","slug":"chinas-second-richest-man-among-worlds-5-biggest-single-day-wealth-losers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/638745\/","title":{"rendered":"China\u2019s second-richest man among world\u2019s 5 biggest single-day wealth losers"},"content":{"rendered":"

\t\t\t\tChina\u2019s second-richest man Zhong Shanshan was among the world\u2019s five biggest wealth losers on Tuesday after US$578 million was wiped away from his fortune.\t\t\t<\/p>\n

A 1% decline in net worth put Zhong at the fifth place on the list, immediately behind India\u2019s retail “king” Radhakishan Damani, who lost $866 million, according to real-time data by Forbes.<\/p>\n

Shares of his company Nongfu Spring, the largest packaged water company in China, dropped 1.5% at the time of publishing, having fallen 18% year-to-date.<\/p>\n

Its revenue growth in the first half this year hit 16% buyt remained slower than the same period last year due to weaker consumer spending and what the company called changing consumer trends, according to Shanghai-based newspaper City News Service.<\/p>\n

\"Zhong<\/p>\n

Zhong Shanshan, founder and chairman of Nongfu Spring. Photo courtesy of the company<\/p>\n

The world\u2019s biggest wealth loser on Tuesday was Michael Dell, chairman of laptop producer Dell Technologies, who lost $1.8 billion.<\/p>\n

In the second place, U.S. citizen Charles Ergen, the chairman of internet service company EchoStar, saw his fortune shrunk by $1.2 billion.<\/p>\n

\"Real-time<\/p>\n

Real-time data of world’s biggest wealth gainers and losers on Tuesday, Oct. 6, 2026. Data by Forbes<\/p>\n

Third-place Shiv Nadar, chairman emeritus of India\u2019s major software company HCL Technologies, recorded a $883 million decline in wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s second-richest man Zhong Shanshan was among the world\u2019s five biggest wealth losers on Tuesday after US$578 million…\n","protected":false},"author":2,"featured_media":638746,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,288214,184,85,46],"class_list":["post-638745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-chinas-second-richest-man-among-worlds-5-biggest-single-day-wealth-losers-vnexpress-international","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/638745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=638745"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/638745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/638746"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=638745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=638745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=638745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}