One-time richest Singapore tycoon, Forrest Li, has lost 80% of his fortune
Forrest Li was the richest person in Singapore just a few month ago. But he has lost 80% of his fortune now.
Forrest Li, the Sea founder, has suffered litany of unfortunate events: The tech selloff, the shutdown of its main e-commerce operation in India and disappointing earnings have tanked the company's American depository receipts more than 80% from a peak in Oct.
In addition, traders are preparing for more bad news. The company, which is scheduled to report first-quarter earnings tonight. Sea's net loss had already widened in the final three months of last year as the final three months of last year as the firm sped up its expansion.
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Bake69 : you should move in with me
Sg-Jin : Goodbye