Evergrande Founder

Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.

Chinese authorities have told Evergrande founder Xu Jiayin, once the country's richest man, to use his personal wealth to alleviate the embattled company's debt crisis, according to media reports.

One day you're in, the other day you're out. China's billionaire rankings seem as stable as hydrogen. In 2017, Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation's richest man.

The owner of a real estate company has become the richest person in China with a $36.7 billion net worth, overtaking Alibaba co-founder Jack Ma, it was reported today. Evergrande Group owner Xu Jiayin's fortune of about $42.5 billion put him ahead of Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), reported the Efe news.

Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.

Chinese authorities have told Evergrande founder Xu Jiayin, once the country's richest man, to use his personal wealth to alleviate the embattled company's debt crisis, according to media reports.

One day you're in, the other day you're out. China's billionaire rankings seem as stable as hydrogen. In 2017, Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation's richest man.

The owner of a real estate company has become the richest person in China with a $36.7 billion net worth, overtaking Alibaba co-founder Jack Ma, it was reported today. Evergrande Group owner Xu Jiayin's fortune of about $42.5 billion put him ahead of Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), reported the Efe news.