Jimmy Lai has been sentenced to 14 months in prison after being found guilty of charges relating to two large pro-democracy demonstrations in 2019.
But who is the Hong Kong billionaire publishing mogul and what is his net worth? Here is what you need to know.
Who is Jimmy Lai?
Jimmy Lai is an influential Hong Kong billionaire and one of the most prominent supporters of its pro-democracy movement.
Having founded companies such as Giordano, Next Digital, and the popular tabloid newspaper Apple Daily, he is estimated to be worth more than $1bn (£766m)
He has heavily contributed to the Democratic Party and is a fierce critic of Beijing and the Chinese Government.
Although heralded as a hero in the region, he is seen as a traitor by those on the mainland.
Mr Lai has also been a frequent visitor to Washington, meeting officials as a means to rally support for Hong Kong democracy.
What is Jimmy Lai’s net worth?
Jimmy Lai’s exact net worth is unknown with no precise estimates available.
In August 2020, Reuters reported that he was worth around $1.2 billion in 2008, but his wealth took a slide after that having fallen off the richest person list in the city.
His net worth is now believed to be just below $1 billion.
Why was Jimmy Lai arrested?
Mr Lai was arrested in December 2020 following charges relating to two large pro-democracy demonstrations on August 18 and August 31 in 2019.
Having appeared in court on Friday April 16, 2021, he was found guilty of taking part in “unauthorised assemblies” and sentenced to 14 years in prison for his involvement.
It came as just part of a series of trials all relating to the large-scale pro-democracy protests two years ago.
At the time, people took to the street in a wave of demonstrations that often culminated in widespread violence between police and activists.
They were spurred by Beijing’s crackdown on wide-ranging freedoms promised to Hong Kong upon its return to Chinese rule in 1997.
This included a implementation of a new national security law.
The arrest of Mr Lai ultimately formed part of the government’s consolidation of its authoritarian grip.