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These 10 billionaires lost almost $152 billion in 2021.

Six of the ten billionaires are Chinese, they saw the largest decline in their net-worth due to the escalating regulatory crackdown by the Chinese government, which led to a stock sell-off.

Colin Zheng Huang, the founder of e-commerce platform Pinduoduo was hit the hardest by the crackdown, as he lost nearly 64% of his wealth. Jack Ma was in the second spot as he saw a drop of $21.4 billion in his net worth.

The assessment is based on the changes in the net worths of 2,660 billionaires between 31/Dec/2020 - 10/Dec/2021 and only investments in publicly traded companies were considered.

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