Evergrande's Boss Got $10 Billion Richer on Meteoric Share Surge
- Hui Ka Yan’s wealth jumps more than 132 percent this year
- Evergrande has soared on buybacks, speculation of rising sales
Hui Ka Yan.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Hui Ka Yan, chairman of China Evergrande Group, has seen his fortune surge by at least $10 billion this year as shares of his property company have almost tripled.
Hui’s net worth jumped 132 percent to reach 17.2 billion, making him the sixth-richest person in China, according to the Bloomberg Billionaires Index, which doesn’t reflect a jump in shares in Hong Kong on Monday. The shares rose 17 percent to HK$14.52 at 11:07 a.m.