Billionaires
How China’s Copper King Dug Himself Into a $1.6 Billion Hole
- At its peak, Wang Wenyin’s Amer ranked among the Fortune 500
- The trader’s fortunes have tracked the economy’s rise and fall
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Wang Wenyin arrived in Shenzhen in the early 1990s with 400 yuan in his pocket. Within three decades, he’d built an empire on the back of China’s infrastructure boom, with relentless self-promotion and a talent for wooing local authorities desperate to attract investment.
Today, he’s on the way back to where he began.