Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Eleanor Pringle

This Chinese billionaire has lost $39 billion from his personal fortune

Hui Ka Yan, chairman of China Evergrande Group (Credit: Anthony Kwan/Bloomberg - Getty Images)

The chairman of an embattled Chinese real estate developer has seen his wealth drop from $42 billion to $3 billion as the country's formerly hot property market continues to slow.

Hui Ka Yan was once one of China's richest people, as well as engaging in high-level politics. Yet according to the Bloomberg Billionaire's index the property mogul's fortunes have changed, with his personal wealth collapsing by 93%.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.