China’s Health-Care Tycoons Lose $17 Billion as Crackdown Spreads

 

• Sweeping anti-graft campaign sends shares in sector tumbling
• Aier Eye Hospital chairperson Chen Bang slides $3.4 billion

China’s latest anti-corruption crackdown is hammering the personal wealth of the nation’s health-care tycoons.

The combined fortunes of the top 15 Chinese health-care billionaires has fallen to $84.1 billion from $101.4 billion at the end of last year, according to the Bloomberg Billionaires Index.

https://www.bloomberg.com/news/articles/2023-09-20/china-health-care-tycoons-lose-17-billion-as-crackdown-on-corruption-spreads