The founder of the Chinese e-commerce platform Bindudo, the Chinese billionaire Colin Huang, is the world's richest person in 2021, with losses more than twice his current wealth.

According to Arab Net, 41-year-old Huang, from the beginning of this year until Monday morning, lost about 42.3 billion dollars, bringing his total wealth to 20.3 billion dollars, It placed it in the 91st place globally, and 13th in mainland China, according to the Bloomberg Billionaires Index.

Amid ongoing Chinese crackdowns on companies, the technology sector and e-commerce, and the Chinese president's determination to redistribute wealth in the world's second-largest economy as part of his shared prosperity drive, Shares of Pendudo Company in Nasdaq, by more than 65% since the beginning of 2021 until now, to a price of $ 57.71, with a market value of about $ 72.33 billion.

This comes as the company witnessed a revenue growth rate of 67% annually over the past three years, and its stock rose by 38% annually during those years, and the e-commerce giant competed with Ali Baba in the number of users, before its shares decline in 2021, and its founder achieves losses that exceed the losses of Evergrande President Hui Ka Yan, the most famous global crisis in 2021, with losses of 17.3 billion dollars since the beginning of this year so far.

Colin Huang has a 28% stake in Bindudu, which he founded in 2015. Colin Huang resigned from his position as CEO and Chairman of the Board of Directors this year, and his company pledged to allocate about $1.5 billion of its profits to help develop agriculture in China, in response to the Shared Prosperity Campaign.

As China's Shared Prosperity campaign continues, forcing companies to donate billions of dollars, as well as crackdowns on private companies in the internet, gaming and ride-sharing sectors, Huang's fortune is still exposed to more losses in 2022, unless those measures, the latest of which was a crackdown on bloggers in China, stop, and the shares of technology and e-commerce companies are consequently affected.

It is reported that Colin Huang began his career as a software engineer at Google's headquarters in 2004, after obtaining a master's degree in computer science from the University of Wisconsin, and established a website For e-commerce in 2007, and then exited from it, before establishing the Bindudo e-commerce company and offering its shares on the New York Stock Exchange in 2018, and it was able to raise 1.63 billion dollars.