Xu Jiayin Net worth

The China Evergrande Group is a Chinese property developer and the second largest in China by sales. Xu Jiayin, a well-known Chinese billionaire businessman is the largest shareholder of Evergrande Group, holding nearly 605 percent of stock as of December 2021.

Evergrande Real Estate Group generated RMB 450 billion in sales in 2017 (about US $69.5 billion). Based on sales volume, the Guangzhou-based company had the largest real estate development portfolio in China in 2016. Total revenue was 211.4 billion yuan ($31.8 billion).

Who is Xu Jiajin

Hui Ka Yan, also known as Xu Jiajin in Mandarin Chinese, is a well-established billionaire businessman from China. He was born on 9 October 1958, hence Xu Jiayin is 64 years old. Xu Jiayin is the chairman of the Broad and Communist Party secretary of the Evergrande Group, a Chinese real estate developer.

After his mother passed away from sepsis, Hui Ka Yan, who was born in 1958, was raised by his paternal grandmother. He worked for a production crew while working at home and in the cement industry after graduating from high school. He worked as a commissary in hygiene while attending the Wuhan Institute of Iron and Steel in 1978.

Xu Jiayin Net Worth

Xu Jiayin, a Chinese billionaire businessman founded the Evergrande Group, becoming its chairman in March 1997.  Adding to his accomplishment, Xu Jiayin, who is sometimes known as Hui Ka Yan is the owner of Guangzhou Evergrande Football Club, one of China’s most successful football clubs.

In 2019, Hui announced a three-year investment in electric cars worth approximately $6.4 billion. However, his fortune dropped to $21.8 billion due to mounting debts and the coronavirus pandemic.

Xu Jiayin’s fortune was estimated at $11.3 billion in 2021, but his net worth dropped to $6.2 billion due to the Evergrande liquidity crisis, and as of 2023, he has a net worth of 3.2 billion.

Source: Dklassgh.Com