Hui Ka Yan

$3.00 B

Ranked #982 in World

About Hui Ka Yan

Once a towering figure in China's real estate sector, Hui Ka Yan, the founder and chair of Evergrande Group, experienced a stark reversal of fortune, with his net worth plummeting to $979 million as of October 2023, per the Bloomberg Billionaires Index. The Guangzhou-based tycoon, who lost his billionaire status amid a liquidity crisis, saw his company reach a sales zenith of RMB 450 billion in 2017. Born to a humble family in Henan, Hui's journey from a cement factory worker to a property magnate underscores the volatility and challenges within China's property sector. Evergrande shares were suspended in September 2023, indicating deeper troubles for the once-thriving business leader.

Born

October 01, 1958 in Taikang County, Zhoukou, Henan, China

Age

67 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

China

Residence

Shenzhen

Education

Bachelor of Arts/Science, Wuhan U of Science & Tec

Spouse

Ding Yumei

Children

Hui Ka Yan, born on October 9, 1958, in Jutaigang Village, Henan, China, faced early hardships. His father was a retired soldier, and his mother passed away when he was only 8 months old. Raised by his paternal grandmother, Hui Ka Yan worked in a cement product factory after completing high school.

Hui Ka Yan: Family

Hui Ka Yan is married to Ding Yumei, whom he met while working at Wuyang Iron and Steel Company. The couple has two children and resides in Guangzhou.

Hui Ka Yan: Career Highlights

Hui Ka Yan's career took a significant turn when he attended the Wuhan Institute of Iron and Steel (now Wuhan University of Science and Technology). After graduating, he worked at Wuyang Iron and Steel Company for seven years, eventually rising to the position of director.

In 1992, Hui Ka Yan relocated to Shenzhen and joined Zhongda trading company. He later became the president of its branch office. In 1994, he founded Guangzhou Pengda Industrial Co., Ltd. in Guangzhou.

The defining moment in Hui Ka Yan's career came in March 1997 when he established Evergrande Group and became its chairman. Under his leadership, Evergrande Group achieved remarkable success, becoming China's biggest property developer in 2016 based on sales volume.

Hui Ka Yan: Companies

Hui Ka Yan is primarily known for his association with Evergrande Group, a real estate developer based in Guangzhou. He is the largest shareholder of Evergrande Group, holding nearly 60% of the company's stock as of December 2021.

In addition to Evergrande Group, Hui Ka Yan has also been involved in other ventures. He is the owner of Guangzhou Evergrande football club, one of China's most successful football clubs. He also announced a significant investment in electric cars worth approximately $6.4 billion in 2019.

Hui Ka Yan: Major Achievements

Hui Ka Yan's major achievements include leading Evergrande Group to become China's largest property developer.

In 2017, the company achieved sales of RMB 450 billion (US $69.5 billion), a testament to Hui Ka Yan's business acumen and leadership.

Hui Ka Yan: Awards & Achievements

Hui Ka Yan's contributions to the business world have been recognized through various awards and achievements. He has been a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee since 2008 and was promoted to the CPPCC National Committee's Standing Committee in 2013.

Hui Ka Yan: Personal Life & Legacy

Hui Ka Yan's personal life revolves around his family and his passion for football. He is married to Ding Yumei, and the couple has two children. Hui Ka Yan is also known for his philanthropic efforts, particularly in the areas of education and poverty alleviation.

Hui Ka Yan: Trivia

Hui Ka Yan's net worth has experienced significant fluctuations over the years. At his peak in 2017, he was ranked third on Forbes' list of richest Chinese billionaires with a net worth of $45.3 billion. However, due to mounting debts and the impact of the coronavirus pandemic, his net worth declined substantially. In October 2023, he lost his billionaire status with an estimated net worth of $979 million.

Wealth History

Timeline

October 9, 1958

Hui Ka Yan is born in Jutaigang Village, Henan, China.

1992

Hui Ka Yan moves to Shenzhen and joins Zhongda trading company, later becoming president of its branch office.

1994

Hui Ka Yan founds Guangzhou Pengda Industrial Co., Ltd. in Guangzhou.

March 1997

Hui Ka Yan establishes Evergrande Group and becomes its chairman.

2008

Hui Ka Yan becomes a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee.

2013

Hui Ka Yan is promoted to CPPCC National Committee's Standing Committee.

2016

Evergrande Group becomes China's biggest property developer based on sales volume.

2017

Evergrande Group achieves sales of RMB 450 billion (US $69.5 billion).

2017

Hui Ka Yan's net worth reaches a peak of $45.3 billion, ranking third on Forbes' list of richest Chinese billionaires.

2019

Hui Ka Yan announces a three-year investment in electric cars worth approximately $6.4 billion.

2021

Hui Ka Yan's net worth is estimated to be around $11.3 billion (Hurun China Rich List).

2021

Hui Ka Yan attends the 100th anniversary of the Chinese Communist Party.

September 2023

Trading in Evergrande shares is suspended amid reports of a police investigation.

October 2023

Hui Ka Yan loses billionaire status with an estimated net worth of $979 million.

November 2022

Hui Ka Yan skips CPPCC Standing Committee meeting due to Evergrande crisis.

March 2023

Hui Ka Yan is instructed not to attend the annual meeting of the CPPCC.

Hui Ka Yan : FAQs

What is Hui Ka Yan's net worth?

As of 2023, Hui Ka Yan's net worth was $3.00 billion.

What are Hui Ka Yan's main sources of wealth?

Hui Ka Yan's main source of income comes from Real Estate.

In which industry does Hui Ka Yan primarily operate?

Hui Ka Yan is primarily involved in the Real Estate industry.

What is Hui Ka Yan educational background?

Hui Ka Yan holds a Bachelor of Arts/Science from Wuhan U of Science & Tec.

How old is Hui Ka Yan?

Hui Ka Yan is 67 years old.

How many children does Hui Ka Yan have?

Hui Ka Yan has 2 children.

Who is Hui Ka Yan and what is his relationship with Evergrande Group?

Hui Ka Yan, a Chinese former billionaire businessman, is the founder and chairman of Evergrande Group, a major real estate developer. He held nearly 60% of stock in the company, making him the largest shareholder as of December 2021.

What was the financial performance of Evergrande Group under Hui Ka Yan's leadership?

Under Hui Ka Yan's leadership, the Evergrande Group achieved significant sales, topping RMB 450 billion (US $69.5 billion) in 2017, establishing the company as China's biggest property developer based on sales volume for that year.

What are some professional milestones in Hui Ka Yan's career?

Hui Ka Yan worked at Wuyang Iron and Steel Company for seven years before moving to Shenzhen in 1992 where he joined Zhongda trading company and became president of its branch office. He founded Guangzhou Pengda Industrial Co., Ltd. in 1994 and established Evergrande Group in 1997. He also became the owner of the Guangzhou Evergrande football club.

What recent challenges has Hui Ka Yan faced with Evergrande Group?

Hui Ka Yan has faced significant challenges with the Evergrande Group, including a decline in net worth due to mounting debts and the COVID-19 pandemic. His estimated personal fortune fell to around $6.2 billion by December 2021. Trading in Evergrande shares was suspended in September 2023 amid reports of a police investigation, which contributed to his loss of billionaire status in October 2023.