In Wake Of Investor Lawsuits Against Chinese E-Cigarette Maker RLX, Billionaire CEO s Fortune Takes A Dive forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Kate Wang, Her Empire of Over 5 Billion Dollars Published: - Apr 22, 2021
According to Forbes, CEO Kate Wang became a self-made billionaire in three years after creating her vaping company RLX.
The Woman Post | Carolina Rodríguez Monclou
Listen to this article Your browser does not support the audio tag.
RLX is a leading e-cigarette manufacturer and retailer in China. The very young company was founded in 2018 by Kate Wang.
In the early 2010s, she got an MBA at the Columbia Business School. Upon graduation, Wang spent a couple of years working at consulting firm Bain & Company. Then, she took a job as a general manager at Uber China, according to WSM Research.
How This Chinese Vaping Billionaire Became One Of The World s Richest Women In Three Years forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
How This Chinese Vaping Billionaire Became One Of The Worldâs Richest Women In Three Years
Share to Linkedin
Kate Wang, 39, jumped into the ranks of the worldâs richest when her vaping company RLX went public on the New York Stock Exchange in January. Now the Procter & Gamble and Uber veteran faces looming threats from Chinese regulators and skeptical investors.
In a period of 55 hours starting on the morning of March 22, shares in Chinese vaping company RLX Technology collapsed 54%, slashing more than $16 billion from the startupâs market cap. The slump continued through the week as investors sold on the news of a potential industry crackdown by Chinaâs tobacco regulator and the Securities and Exchange Commissionâs announcement that it would start enforcing a law to require Chinese listed companies to provide audits or risk being delisted.
Asia s Richest 2021: The 10 Youngest Billionaires In Asia asiatatler.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiatatler.com Daily Mail and Mail on Sunday newspapers.