Crypto Slide, Gaming Slowdown Wipe Billions Off Tycoon’s Fortune
- Nexon founder loses almost $2 billion after profit forecast
- Kim’s embrace of cryptocurrency also in focus in wild market
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Kim Jung-ju, the billionaire behind Nexon Co., is having a turbulent month.
Shares of the Tokyo-listed gaming company have plunged 21% since it forecast a decline in profit on May 12, suggesting its strong performance when the pandemic kept people indoors won’t be sustained as some countries reopen.