Caixin
Jan 19, 2023 02:02 PM
BUSINESS

Evergrande Chairman’s Fortune Collapses 93% to $3 Billion

Evergrande Chairman Hui Ka Yan pauses during a news conference in Hong Kong in March 2019. Photo: Bloomberg
Evergrande Chairman Hui Ka Yan pauses during a news conference in Hong Kong in March 2019. Photo: Bloomberg

(Bloomberg) — Hui Ka Yan was once one of China’s richest and most influential titans, bridging the worlds of business and high-level politics. 

These days, the China Evergrande Group chairman’s fortune is considerably diminished. He’s down to about $3 billion from $42 billion, which once made him the second-richest person in Asia, according to the Bloomberg Billionaires Index.

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