Evergrande’s Hui Amassed Billions in Dividends Before Crisis
- Hui Ka Yan received more than $7 billion in payouts since 2009
- Beijing has urged the tycoon to help pay Evergrande’s debt
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When Hui Ka Yan was cruising the world in a private jet, splurging on mansions and jewelry at the peak of China’s Gilded Age, his extravagant lifestyle barely stood out among the country’s burgeoning billionaire set.
Now the China Evergrande Group founder’s property empire is teetering on the edge of default -- and his personal fortune has landed squarely in the Chinese government’s crosshairs.