The heavy selloff in Hong Kong stock markets has wiped out a combined $16.4 billion from the wealth of 3 Chinese billionaires in just one day. Tencent co-founder Ma Huateng (also known as Pony Ma) led the plunge as his fortune fell by $6.1 billion, while Nongfu Spring Chairman Zhong Shanshan’s dropped $5.6 billion and Country Garden Co-chairman Yang Huiyan’s $4.7 billion.

Zhong Shanshan still remains China’s wealthiest person with a fortune of $62.1 billion, followed by Zhang Yiming (No. 3, $49.5 billion). Pony Ma, China’s richest person, is now 3rd with a net worth of $33.3 billion.

Chinese billionaires: China’s top 20 richest people, 2022

1. Zhong Shanshan: $62.1 billion
2. Zhang Yiming: $49.5 billion
3. Ma Huateng: $33.3 billion
4. He Xiangjian: $26.6 billion
5. William Lei Ding: $23.8 billion
6. Li Shufu: $23.6 billion
7. Wang Wei: $21.9 billion
8. Jack Ma: $21.8 billion
9. Qin Yinglin: $21.4 billion
10. Huang Shilin: $20.2 billion
11. Jiang Rensheng: $18.7 billion
12. Wang Chuanfu: $18.6 billion
13. Pang Kang: $18.2 billion
14. Fan Hongwei: $18.1 billion
15. Wang Wenyin: $16.8 billion
16. Sun Piaoyang: $15.7 billion
17. Luo Liguo: $15.4 billion
18. Lu Xiangyang: $15.1 billion
19. Wei Jianjun & family: $14.3 billion
20. Yang Huiyan & family: $13.6 billion