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.

Read More:

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