Fate of China’s Top Billionaires: Shrinking Wealth, Bankruptcy, or Arrest

A general view of Tiananmen Square under rain clouds in Beijing on July 4, 2013. Feng Li/Getty Images

News Analysis

Amid China’s ongoing economic decline, multiple top Chinese billionaires saw their fortunes greatly diminished, companies went bankrupt, and some were arrested or fled the country.

Billionaire Goes Missing, Company Balance $51.25

On April 3, the court in Beijing announced the bankruptcy of Yinji Entertainment and Media, also known as DMG Media, Chinese media outlet National Business Daily reported.