Hui Ka Yan's wealth dropped from $42 billion to$3 billion.
Hui Ka Yan is the embattled chairman of the Evergrande Group, one of China's biggest real estate developers that is under huge debt. He once had a net worth of $42 billion, which declined to $3 billion.
Here are five facts on Hui Ka Yan:
The billionaire was born on October 9, 1958. According to Forbes, Hui Ka Yan worked as a technician in a steel factory for 10 years after graduating college in 1982.
His father, a retired soldier, was part of the Chinese army during the Second Sino-Japanese War in the 1930s and 1940s.
Forbes said that Hui started Evergrande in Guangzhou in 1996 and began picking up low price properties in small markets. Its first project was Jinbi Garden.
Evergrande has over 800 projects in nearly 300 cities but is battling to repay $300 billion in liabilities.
Hui's son Xu Zhijian holds an MBA from Tsinghua University and is a vice president at Evergrande. The Evergrande chairman is married to Ding Yumei, who he met while working at Wuyang Iron and Steel Company.
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