Who is Xu Jiayin?
Xu Jiayin (or Hui Ka Yan in Cantonese) is the Chairman of the Evergrande Group. He was born in October 1958. He is married to Ding Yumei. They have 2 children.
The Evergrande Group is a real estate developer based in Hong Kong. The group is specialized in residential buildings and has over 80,000 employees.
Over 400 large projects have been developed by Evergrande in over 170 major cities across China.
In the summer of 2021, the company informed the Guangdong government that it was at risk of a cash crunch. Since then shares in the company have plunged in value, with impacts on global markets and a significant slow-down in foreign investment in China In October 2021, Evergrande announced that a $2.6 billion asset sale, that would have been used to pay an $83 million interest payment it missed in September 2021 had failed to close.
Guangzhou Evergrande Football Club
Xu Jiayin is the majority owner of the Guangzhou Evergrande Football Club, which is a professional Chinese football club that currently participates in the Chinese Super League under the license of the Chinese Football Association.
The team is based in Guangzhou, Guangdong, and their home stadium is the Tianhe Stadium which has a seating capacity of 58,500.
Xu Jiayin Net Worth
He has a net worth of $11 billion. A few years ago, Forbes estimated his worth at US$ 33 billion. Which made him the richest man in China. He is one of the Top 10 Philanthropists of China.
He has won the “China Charity Award”, the highest governmental award in the China charitable sector, for seven consecutive times.
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Xu Jiayin House
He resides with his wife Ding Yumei in Shenzhen, China. For a short time in 2015 Jiayin owned an expensive US$ 40 million mansion in Australia’s Gold Coast.
But he was forced to sell the house within 90 days as Australia’s law doesn’t allow foreign owners in (some) real estate.
We have not yet been able to identify his home. These are sample photos of billionaire residences. Do you know more about his house? Please do send us a message.
Hui Ka Yan Yacht
Jiayin owns an Airbus A319 private jet built in 2010 (B-