Her net worth has plunged 84% since June 2021, or $28.6 billion, according to the Bloomberg Billionaires index. Country Garden, once China’s largest developer, missed interest payments on two US dollar-denominated bonds, reports said Tuesday, troubling investors as China’s sinking property sector takes yet another hit. CNN has reached out to Country Garden for comment. Country Garden still has a 30-day grace period before would be labeled as a defaulter. Country Garden hit the public market in 2007 with a record-setting, headline-grabbing $1.7 billion IPO in Hong Kong.

Source: CNN August 10, 2023 06:24 UTC