China’s second-richest man Zhong Shanshan was among the world’s five biggest wealth losers on Tuesday after US$578 million was wiped away from his fortune.
A 1% decline in net worth put Zhong at the fifth place on the list, immediately behind India’s retail “king” Radhakishan Damani, who lost $866 million, according to real-time data by Forbes.
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.
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.
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Zhong Shanshan, founder and chairman of Nongfu Spring. Photo courtesy of the company |
The world’s biggest wealth loser on Tuesday was Michael Dell, chairman of laptop producer Dell Technologies, who lost $1.8 billion.
In the second place, U.S. citizen Charles Ergen, the chairman of internet service company EchoStar, saw his fortune shrunk by $1.2 billion.
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Real-time data of world’s biggest wealth gainers and losers on Tuesday, Oct. 6, 2026. Data by Forbes |
Third-place Shiv Nadar, chairman emeritus of India’s major software company HCL Technologies, recorded a $883 million decline in wealth.