BloombergThe 128 people in Asia with enough money to make the 500-member Bloomberg Billionaires Index lost a combined US$137 billion this year, the first time wealth in the region has dropped since the ranking started in 2012. Wanda Group’s (萬達集團) Wang Jianlin (王健林), whose property conglomerate is selling assets to cut debt, lost US$10.8 billion, the most of anyone in Asia. The market rout lopped US$17.2 billion from the fortunes of the country’s seven richest people. Among Taiwanese on the list, Want Want Group (旺旺集團) chairman Tsai Eng-meng (蔡衍明) had lost US$673 million as of yesterday. Japan’s richest person, Tadashi Yanai, added US$6.3 billion to his fortune as shares of Fast Retailing Co, the world’s largest apparel retailer, surged 30 percent.

Source: Taipei Times December 21, 2018 16:01 UTC