China's richest people lost about $13 billion in just one day after President Xi Jinping secured a third term

[Zeedox]

China's richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term

The evaporation in wealth came as investors fear President Xi Jinping's top-down management of the economy will continue to weigh on the economy.

www.businessinsider.com

 

[Gomez Adams]

Well, to put that in perspective, Elon Musk has lost 120 billion so far this year all by himself.

 

[Zeedox]

That, at least was by his own mouth.