According to a CNN (China) report, China’s richest man is under investigation for stock manipulation. Wong Kwong Yu is the chairman of Gome Electrical Appliances. The trading of Gome Electrical was halted Monday.
When the uber-wealthy get in trouble, it begs an important question? Do all the “Richest People in the World” lists promote this sort of behavior? Are organization like Fortune promoting greed, strange competition, and false idolatry when they compile their list of the world’s richest people? Seems that way, doesn’t it? This wouldn’t be the first billionaire to risk everything for more cabbage…chinese cabbage…yuan. Are these brag lists now antiquated based on our new economic climate? I hope so.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.