Suning Chairman Resigns After Bailout, Underscoring Volatility Among China’s Richest

by forbes.com posted 2weeks ago 14 views
Powerful forces are at work to reshape China's wealth landscape. : Then Suning Appliance Chairman Zhang Jindong made the cover of the 2006 China Rich List issue of Forbes Asia, successful debuting at No. 19 with a fortune worth $838 million. In an interview, he foresaw the prosperity the country was set to enjoy in the coming years. “When I look around Asia or at the U.S., I think China has the best opportunities.” His departure from the company as chairman this week after a $1.36 billion bailout last week underscores how volatile life is these days among China’s richest.

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