Imprisoned Billionaire’s Wealth Soars on 919% EV Stock Rally

09/07/2023 08:05
Imprisoned Billionaire’s Wealth Soars on 919% EV Stock Rally

There’s little that can dent the world’s top performing stock this year, not even its founder being sent to prison for insider trading.

Imprisoned Billionaire’s Wealth Soars on 919% EV Stock Rally

  • Retail investors drove South Korean firm Ecopro’s stock rise
  • Founder Lee Dong-chae’s fortune has swelled by $4.5 billion
Ecopro’s Pohang campus.Source: Ecopro BM Co.

There’s little that can dent the world’s top performing stock this year, not even its founder being sent to prison for insider trading.

South Korean battery material producer Ecopro Co.’s blistering run has seen the shares up 919% this year, the biggest gain for any company with a market capitalization of at least $10 billion.

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Imprisoned Billionaire’s Wealth Soars on 919% EV Stock Rally

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