Japan’s second-richest man Masayoshi Son led globally in wealth loss with a $4.2 billion decline. His fortune shrunk 6.9% to $56.2 billion, ranking 34th in the world, according to real-time data by Forbes.
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SoftBank group Chairman and CEO Japanese Masayoshi Son arrives for a meeting with French president at The Elysee Presidential Palace in Paris on June 1, 2026. Photo by AFP |
The CEO of investment giant SoftBank Group posted a wealth loss after the company’s stock dipped 5.24% on Tuesday morning, having fallen almost 15% in the last five sessions.
SoftBank, which has stakes in Apple, Qualcomm and OpenAI, has been among AI-related stocks that have weakened this month amid concerns of high debts.
Chinese battery tycoon Robin Zeng posted the second-largest wealth loss in the world, losing $2.4 billion in his fortune.
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Robin Zeng, founder and CEO of Contemporary Amperex Technology. Photo courtesy of CATL |
Zeng’s net worth dropped 5.3% to $43.3 billion, ranking 47th globally. He is the chairman and CEO of Contemporary Amperex Technology (CATL), the world’s largest battery maker.
The company’s shares fell 2.6% Tuesday, having fallen 31% year-to-date. It is now 35% pricier in Hong Kong than on the mainland bourse, down from June’s record premium of roughly 60%, according to Bloomberg.
Southeast Asia’s richest man Pham Nhat Vuong ranked fifth in wealth loss with $1.4 billion wiped off his fortune.
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Vingroup chairman Pham Nhat Vuong. Photo courtesy of Vingroup |
His net worth dropped 4% to $32.4 billion shares of his company Vingroup tumbled to the lowest in two months on Monday.
Vingroup shares have been on a downward trend since they reached a historic peak in early September amid the company’s expansion in electric car production and investment in key infrastructure projects in Vietnam, including metro lines and high-speed rails.
Other major wealth losers in the world on Tuesday were French fashion tycoon Bernard Arnault, whose wealth fell $1.9 billion to $119 billion.
American stock brokerage tycoon Thomas Peterffy’s net worth dropped $1.5 billion to $94.8 billion.