Xiaomi Co-Founder loses $3.6 billion after US blacklists the company
Xiaomi Co-Founder and CEO Lei Jun lost about $3.6 billion as the stock plunged as much as 13% on Friday after the US blacklisted the smartphone maker for Chinese military links. 

Lei, who owns over 25% of Xiaomi, is now worth $27.5 billion, according to Bloomberg. Vice Chairman Lin Bin's fortune is also down $1.7 billion to $9.9 billion.