Fortune Of Didi Global’s Billionaire CEO Tumbles Hundreds Of Millions Dollars In One Day. It’s been a painful month for Didi Global. Days after its June 30th IPO on the New York Stock Exchange, the Cyberspace Administration of China launched a probe into the company, citing data security risks. Didi Global was forced to remove its app from the Chinese app store, and the stock fell. On Thursday morning, Bloomberg, citing people familiar with the matter, reported that Chinese regulators are discussing further penalties against Didi Global, including a fine or a possible delisting. That sent shares down to a low of $10.17; ultimately closing at $10.20.
As a result, the net worths of DiDi’s CEO Cheng and its President Jean Qing Liu have taken big hits. Cheng is now worth $3.2 billion – down from $4.4 billion at the IPO, Forbes estimates. Cheng owns approximately 6.5% of the company.
Johnson Choi Biz 