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With vaccine rollout, fortunes of these covid billionaires are fading away

Feb 24, 2021 - Business Standard India

Almost $2.2 billion has evaporated from the net worth of Top Glove founder Lim Wee Chai and his family since October In the health-care industry, the coronavirus pandemic led to big fortunes, fast. Now some of them are evaporating just as quickly.

Take Seegene Inc., a maker of Covid-19 test kits, and Alteogen Inc., a biotech with subcutaneous-injection technology. Their founders became billionaires as the shares surged last year. Fast forward a few months to the vaccine rollout, an...