Evergrande Chairman, Once Worth $42 Billion, Loses 93% of Wealth
Hui Ka Yan has lost wealth and influence, including no longer being part of the Chinese People’s Political Consultative Conference.
Hui Ka Yan
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Hui Ka Yan was once one of China’s richest and most influential titans, bridging 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.