Hui Ka Yan Parents: Who Are Hui Ka Yan Parents?: Hui Ka Yan is a Chinese billionaire businessman born on October 9, 1958, in Taikang County, Zhoukou, China.
He’s the largest shareholder of China Evergrande Group, a Chinese real estate developer. Hui Ka Yan is also the Chairman of the company and holds nearly 60% of the stock as of December 2021.
The company, China Evergrande Group has about 200,000 employees, raked in more than $110 billion in sales in 2020, and owns more than 1,300 developments in more than 280 cities.
Evergrande became China’s most indebted developer with $400 billion in liabilities and has been at the heart of the country’s real estate troubles since 2021. To save the company, Hui Ka Yan ended up selling his houses and private jets.
In January 2023, Hui Ka Yan made major headlines after he lost over 90% of his wealth. The Chairman of China Evergrande Group, Hui Ka Yan was once worth $42 billion making him Asia’s second-richest person.
However, his wealth has declined to $3 billion according to the Bloomberg Billionaires Index and analysts are concerned that, a collapse of Evergrande could trigger wider risks for China’s property market, hurting homeowners and the broader financial system.
At the time of this report, the actual cause of Hui Ka Yan’s fall in fortune had not yet been made available. The Bloomberg Billionaire Index further showed that China’s 5 richest property tycoons also lost about $65 billion combined in the past 2 years.
Hui Ka Yan Parents: Who Are Hui Ka Yan Parents?
Hui Ka Yan was born in in Taikang County, Zhoukou, China. His father is called Xu Xiangao but nothing is known about his mother, she passed away from sepsis
His father was a veteran of the Chinese Revolutionary Army who served in the 2nd Sino-Japanese War between 1930 and 1940.