10 Tycoons Who Are No Longer Billionaires
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10 Tycoons Who Are No Longer Billionaires

By SiliconIndia   |   Friday, 30 August 2013, 13:35 Hrs   |    4 Comments
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Bangalore: Most of the time, people who leaves an impact in our mind are personalities who have done admirable work or those who possess a splendid bank balance. The combination of the two attributes makes one unforgettable. There are few personalities who have surely made their mark in the world of business but unfortunately were not able to save their billions reports Kamal Goyal of World Top 10.

Business tycoons who were once billionaires but are now playing only in millions are as follows-

1. Larry Yung Chi-kin

Chairman of CITIC Pacific, a Hong Kong based conglomerate, Larry Yung Chi-kin was one of the wealthiest person in mainland China with personal net worth of $2.2 billion in 2007. But after a loss of $2 billion due to incorrect speculation in FX accumulators that eventually lead to temporary suspension of the company’s shares in HKSE and legal crisis, Larry Yung lost billions and the company’s worth declined to 750 million dollars.

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Reader's comments(4)
1: Billions to speculate and gamble but little to help anyone via donations to deserving causes or people.
This is developed status and high income society and these are called the leaders who are expected to be role models.
Capitalist economy is based on greed and me for me.
Posted by:Gursharan Singh - 31 Aug, 2013
2: What About our Vijay Mallya ? How much is his networth now?
Posted by:Ravine Hotel - 30 Aug, 2013
If he does not help others with his wealth then he may be a very poor person who has nothing to give to help others.
Gursharan Singh Replied to: Ravine Hotel - 31 Aug, 2013
4: One wrong move and it is enough to change the whole picture. To become a billionaire takes time, but getting bankrupted takes an hour..
Posted by:Jahnavi - 30 Aug, 2013