Learn about the most losing man in the world during 2021

2021 was not a happy year in any way for the Chinese billionaire and entrepreneur, Colin Huang, founder of the Chinese e-commerce platform Bindudu, as he topped the list of the world's most losing billionaires globally, with losses more than twice his current wealth.

Huang, 41, lost about $42.3 billion during the past year, bringing his total wealth to $20.3 billion, placing him in the 91st place globally, and 13th in mainland China, according to the Bloomberg Billionaires Index.

Amid continuous campaigns by China against companies, the technology sector and e-commerce, and the Chinese president’s determination to redistribute wealth in the second largest economy in the world as part of his campaign for shared prosperity, the shares of Pendudo Company in Nasdaq have fallen by more than 65% since the beginning of 2021 until now, to the price of $57.71, with a market value of about $72.33 billion, according to media reports.

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