date:Oct 13, 2012
pliances Holding Ltd, owned by Huang Guangyu who suffered a $2 billion drop in value and who still sits in jail for financial crimes.
Qiu Guanghe of the fashion chain Zhejiang Semir Group shed $2.8 billion and fell to 37th.
Most of the businesses related to the consumer and retail sectors are suffering in these tough times by making less profits and experiencing some financial problems, said Flannery. He added that the total number of billionaires in China fell from 146 last year to 113 this y