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# Having A Bad Day? This Businessman Just Lost $14 Billion

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<!-- video src="https://cdn.jwplayer.com/manifests/NTInTW1f.m3u8" -->
## Video: Having A Bad Day? This Businessman Just Lost $14 Billion

[Watch (HLS stream): Having A Bad Day? This Businessman Just Lost $14 Billion](https://cdn.jwplayer.com/manifests/NTInTW1f.m3u8) (1:03)

![Having A Bad Day? This Businessman Just Lost $14 Billion](https://cdn.jwplayer.com/v2/media/NTInTW1f/poster.jpg?width=720)

_Published 2015-05-20. Li Hejun — founder of renewable energy company Hanergy Thin Film Power — lost $14 billion Wednesday when the company's stock crashed._


---

Jul 27, 2023 6:17 PM UTC

---

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---


## Transcript

30 minutes, it's not really a significant amount of time. You could fit in a quick workout, take a lunch break from work or lose 14 billion dollars. Chinese business man Li Hejun did just that. Li was one of China's richest men, although he lost a considerable amount of dough he's Still loaded. Li is the founder of renewable energy company Hanergy Thin Film Power. Within a half hour Wednesday, the company's stocks plunged 47 % before being suspended. That's a lot of money lost. At first, what caused the massive decline was a mystery, but many are now pointing to Li missing the company's annual shareholder's meeting.

Instead, the Wall Street Journal reports Li was attending the opening ceremony of the company's clean- energy exhibition center in Beijing. Still, the crash is about as mysterious as the company's rise in shares in the first place. Fortune notes, transparency about the company's business practices is limited by the fact that most of its sales go to a single Single company, its parent, the privately- held Hanergy Group. Word to the wise, don't miss meetings.

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