• 11/11/2024

China Evergrande’s Hui Ka-yan, once China’s richest man, has seen his wealth dwindle as developer’s prospects sour

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China’s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile of debt exceeding US$300 billion.

https://www.scmp.com/business/china-business/article/3236345/china-evergrandes-hui-ka-yan-once-chinas-richest-man-has-seen-his-wealth-dwindle-developers?utm_source=rss_feed