Can you imagine losing as much as 1.15 billion pounds within just 24 hours?

Japan’s richest man-Tadashi Yanai, lost $1.4bn in a single day on Friday after the shares of his company Fast Retailing, which owns Uniqlo, crashed by 6.7 per cent.

Tadashi Yanai who is the chairman and founder of the company suffered the biggest loss.

“Uniqlo Japan announced a December slump on Friday, blaming unusually warm weather which it said had hit sales of winter clothing. Overall receipts were down five per cent,” reports UK’s Independence.

Yanai’s net worth currently stands at $17.7bn, with Friday’s losses causing him to slip six places down the global rich list to 44th.