Chinese businessman loses $14 billion in just 30 minutes

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Having a Bad Day? This Businessman Just Lost $14 Billion

Thirty minutes — it's not really a significant amount of time.

You could fit in a quick workout, take a lunch break from work — or lose $14 billion.

Wait, what was that last one? Chinese businessman Li Hejun did just that.

Li was one of China's richest men. Although he lost a considerable amount of dough, he's still loaded

Li is the founder of renewable energy company Hanergy Thin Film Power. Within a half hour Wednesday, the company's stocks plunged 47 percent before being suspended.

That's a lot of money lost. At first, what caused the massive decline was a mystery, but many are now pointing to Li missing the company's annual shareholders meeting.

Instead, The Wall Street Journal reports, Li was "attending the opening ceremony of the company's clean-energy exhibition center in Beijing."

Still, the crash is about as mysterious as the company's rise in shares in the first place. Fortune notes, "Transparency about the company's business practices is limited by the fact that most of its sales go to a single company— its parent, the privately-held Hanergy Group." (Video via CNBC)

And Li's company was truly a big deal. Forbes puts it in perspective:

"The rise in Hanergy's stock made it bigger than Tesla, meaning it was both the biggest solar company in the world and the world's biggest clean energy company."

Word to the wise: Don't. Miss. Meetings.

7 PHOTOS
Li Hejun, Hanergy Thin Film Power
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Chinese businessman loses $14 billion in just 30 minutes
Li Hejun, chairman and CEO of Hanergy Group, attends a press conference held at the company's headquarters in Beijing, China, Wednesday, Jan. 9, 2013. The Chinese company that bought Miasole, a California producer of thin-film solar panels, says it can make a success of the emerging technology where others have suffered huge losses. (AP Photo/Alexander F. Yuan)
BEIJING, CHINA - MARCH 06: (CHINA OUT) Li Hejun, Chairman of Hanergy Holding Group, attends a group meeting of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People on March 6, 2015 in Beijing, China. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
FILE - In this file photo taken Wednesday, Jan. 9, 2013, Li Hejun, chairman and CEO of Hanergy Group Ltd., gestures during a press conference at the company's headquarters in Beijing, China. In 2014, Hanergy was ranked No. 23 on the MIT Technology Review's list of the world's 50 "smartest companies." (AP Photo/Alexander F. Yuan, File)
BEIJING, CHINA - MARCH 03: (CHINA OUT) Li Hejun, Chairman of Hanergy Holding Group, walks out of the Great Hall of the People after a meeting of the Chinese People's Political Consultative Conference (CPPCC) on March 3, 2015 in Beijing, China. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
BEIJING, CHINA - FEBRUARY 02: (CHINA OUT) Li Hejun, Chairman of Hanergy Holding Group, speaks at a launch event for Hanergy's new energy strategies on February 2, 2015 in Beijing, China. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
BEIJING, CHINA - DECEMBER 11: (CHINA OUT) Li Hejun, Chairman of Hanergy Holding Group, attends the 2013 China Central Television (CCTV) Financial Forum at China World Trade Center Tower III on December 11, 2013 in Beijing, China. The three-day forum opened on Tuesday ahead of the '2013 CCTV China Economic Person Of The Year Award'. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
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