Bloomberg Billionaires Index

Temu Founder Colin Huang Loses $14 Billion in Single Day Amid Share Price Plunge

Colin Huang, the founder of Chinese e-commerce giant PDD Holdings and the online trading platform Temu, has seen his fortune plummet by 14 billion dollars in a single day. Huang, who had briefly held the title of China's richest person, fell to fourth place following a significant 29 percent drop in the value of the company's shares traded in the US.

Jeff Bezos Is no Longer the Richest Man in the World

Bill Gates is once again the richest man in the world, data from the Bloomberg Billionaires Index show. Gates occupied the second place for more than two years, His rise back to the top has been put down to Microsoft shares climbing by four percent, making Gates' net worth about US$110 billion, the Bloomberg Billionaires index reported, quoted by Newshub.