Shein CEO’s wealth slumps $15 billion after whittled-down IPO | Fortune0

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• August 31, 2026

Chinese fast-fashion business Shein Global Holdings Ltd. was once worth more than the parent companies of H&M and Zara, giving its reclusive boss Sky Xu a net worth of more than $23 billion. But Xu’s fortunes have turned in four short years as Shein battles tariffs, political scrutiny and growing competition. Shein is set to