Hui Ka Yan

Hui Ka Yan (Chinese: 许家印, or Xu Jiayin in Mandarin Chinese; born 9 October 1958) is a Chinese former billionaire businessman. He is the chairman of the board and Communist Party secretary of the Evergrande Group, a Chinese real estate developer.^[2] The Guangzhou-based company was China's biggest property developer in 2016, based on sales volume; revenue was 211.4 billion yuan (US$31.8 billion). In 2017, Evergrande Real Estate Group achieved sales of RMB 450 billion (US $69.5 billion). As of December 2021 Hui was the largest shareholder of Evergrande Group, holding nearly 60 percent of stock.^[3] In September 2023, Hui was arrested and under investigation for suspected illegal activity.

As of October 2023^[update], Hui had an estimated net worth of $979 million according to Bloomberg Billionaires Index,^[4] down from a peak of $45.3 billion in 2017.^[5] On March 19 2024, Hui was fined $6.5 million for his company's $78 billion revenue overstatement and banned from China's markets for life.