China’s mightiest have taken a hard hit amid the recent stock market mayhem, including celebrities Vickie Zhao, Zhang Ziyi and Fan Bingbing, who lost billions in profits.
Our favorite empress Fan Bingbing, who made a profit of 200 million RMB from her investment in Shenzhen-listed Talent Television Film earlier this year, had120 million RMB shaved off her portfolio, while Grandmasters actress Zhang Ziyi and her family lost 470 million thanks to the recent stock market earthquake.
Meanwhile, Vickie Zhao, dubbed “China’s Female Buffett” was reported to have lost 4 billion over the past three months as her investment in Hong Kong-listed Alibaba Pictures nosedived from 5.4 billion RMB to 1.4 billion RMB. As of yesterday, Alibaba Pictures had dropped to HK$1.60 per share, compared to HK$4.40 in April.
But go ahead and wipe away those crocodile tears—she’s got a cushy US$46 million from other earnings to fall back on.
Oh, how the mighty they fall.
By Crystal Lau
[Images via NetEase]