The chairman of an embattled Chinese real estate developer, Hui Ka Yan, Chairman of Evergrande Group has seen his wealth drop from USD 42 billion to USD 3 billion as the country’s formerly hot property market continues to slow, reported The Sydney Morning Herald (SMH). Hui, once one of China’s richest and most influential titans, bridging business and high-level politics lost 93 per cent of his fortune, according to the Bloomberg Billionaires Index.
About the Author
