BYD Chief Suffers $2 Billion Wealth Drop After Warren Buffett’s Berkshire Hathaway Cuts Stake

Wang Chuanfu, the cofounder and chief executive of BYD, saw his wealth tumble by almost $2 billion after Warren Buffett’s Berkshire Hathaway trimmed its stake in the Chinese electric car maker for the first time since investing in the Shenzhen-based company in 2008.