Chinese Actresses Lose Hundreds of Millions Because of Stock Market Crash
Jul 10, 2015 21:32
China's recent stock market crash sent a lot of people to the poor house. Even celebrities. Some of these actresses have been the biggest losers from the plummeting stocks, losing hundreds of millions!
Fan Bing Bing made $32 million in profit on her recent investment in the Shenzhen-listed Talent Television film earlier this year. But the stock market crash took 120 million RMB, or $19.3 million from her.
Zhang Ziyi reported lost around 470 million RMB ($75.6 million) from her family's holdings.
Vicki Zhao took the biggest hit of all. She has increased her fortune through smart investments, but the stock market crash took a huge chunk of it out. Last December, Zhao and her husband bought 91.8% stake of Jack Ma's Alibaba Pictures for $400 million. It increased to $762 million after the price skyrocketed in the Hong Kong Stock market.
Sounds great, right?
But...the crash made her lose 4 billion RMB, or around $644.5 million. Yikes...
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