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Futu founder's net worth drops by 13.3 billion in a single day
May 26, 2026
Founder's net worth drops by 13.3 billion in a single day
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The China Securities Regulatory Commission imposes "regulatory heavy-handedness" on internet brokerages like Futu and Tiger, according to Bloomberg billionaire data, Futu founder Li Hua’s net worth immediately decreased significantly, losing $1.7 billion last Friday alone (about HKD 13.26 billion), down to $4.7 billion (about HKD 36.66 billion), a substantial loss of over half from the end of October last year when it was $10.1 billion (about HKD 78.78B). U.S.-listed Futu Holdings (FUTU) plummeted 27.5 last Friday...
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