| Name: | Xu Jiayin |
| Name (Kantonese) | Hui Ka Yan |
| Net Worth: | $3 billion |
| Source of Wealth: | Evergrande Group |
| Born: | October 9, 1958 |
| Age: | |
| Country: | China |
| Wife: | Ding Yumei |
| Children: | Xu Xihao, Xu Zhijian |
| Residence: | Shenzhen, China |
| Private Jet: | Airbus A330 VP-BHD |
| Yacht | Event |
As the Chairman of the Evergrande Group, Xu Jiayin has firmly established himself as a key player in China’s booming real estate market. Also known by his Cantonese name, Hui Ka Yan, Xu was born in October 1958. A dedicated family man, he is married to Ding Yumei and they have two children together.
Xu Jiayin, an influential Chinese businessman and real estate developer, founded China Evergrande Group, which has grown into one of the largest real estate developers in the country. His journey as an entrepreneur began in the early 1990s, and in 1996 he laid the foundation of China Evergrande Group. Over the years, the company has excelled in delivering both residential and commercial properties, garnering significant success in the industry.
The Evergrande Group is a real estate developer headquartered in Hong Kong. This massive conglomerate, with a workforce of over 80,000 employees, specializes in the construction of residential buildings.
With a diverse portfolio of over 400 large projects, Evergrande has left its architectural footprint in more than 170 major cities across China. However, the company’s aggressive expansion strategy has also led to it being recognized as China’s most indebted property developer.
In the summer of 2021, Evergrande Group found itself in a challenging position when it alerted the Guangdong government about a potential cash crunch. The company’s shares took a plunge following this announcement, affecting global markets and slowing foreign investment in China. By October 2021, the group faced further adversity when a $2.6 billion asset sale, aimed to meet an $83 million interest payment, failed to close.
Apart from his business ventures, Xu Jiayin has also invested in sports. He is the majority owner of the Guangzhou Evergrande Football Club, a professional Chinese football club. The team, licensed by the Chinese Football Association, is based in Guangzhou, Guangdong. They play their home games at the Tianhe Stadium which can accommodate up to 58,500 spectators.
Xu Jiayin’s business acumen has contributed to his substantial net worth, currently estimated at $3 billion. In previous years, Forbes placed his worth at $33 billion, making him the wealthiest individual in China. Beyond his business achievements, Xu is recognized as one of the Top 10 Philanthropists in China, having won the “China Charity Award” – the highest governmental award in the China charitable sector – seven consecutive times.
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He resides with his wife Ding Yumei in Shenzhen, China. For a short time in 2015 Jiayin owned an expensive US$ 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.
Shenzhen, China, is a bustling metropolis situated in the Guangdong Province, widely recognized as the technology hub of the country. Home to the Shenzhen Stock Exchange and headquarters of numerous high-tech companies, Shenzhen is often referred to as the ‘Silicon Valley of China.’ It boasts a robust economy and a vibrant blend of traditional culture and modern city life. Its extraordinary skyline is adorned with some of the tallest buildings in the world, including the Ping An Finance Centre, which stands as a symbol of Shenzhen’s rapid growth.
The city is well-known for its beautiful parks and beaches, such as the picturesque Dameisha and Xiaomeisha. It’s also home to the popular Window of the World theme park, offering replicas of famous international attractions. Shenzhen also prides itself on being a model city for China’s ambitious sustainable development goals. Despite its modern façade, the city hasn’t forgotten its roots, with numerous heritage sites reflecting its unique cultural history.
Shenzhen’s innovative spirit, coupled with its cultural richness, makes it an important and fascinating city within China’s urban landscape. Shenzhen, from being a humble fishing village to a thriving metropolis, truly exemplifies China’s remarkable transformation over the last few decades.
He is the owner of the Amels motor yacht Event. The Yacht Event is a 60-meter customized Amels Limited Edition 199. She is designed by Tim Heywood.
Her interior is designed by Studio Laura Sessa of Rome. Luxury yacht Event has a scimitar bow. Which increases water length and reduces fuel consumption.
The Event Yacht is a 60-meter luxury yacht designed by Tim Heywood and part of the Amels Limited Edition 199 series.
The yacht’s interior is designed by Studio Laura Sessa and features a unique scimitar bow, contributing to improved fuel efficiency.
Powered by twin Caterpillar engines, the yacht achieves a top speed of 16.5 knots and a cruising speed of 15 knots.
The innovative foredeck tender garage design allows seamless launch and retrieval of tenders and toys.
Jiayin owns an Airbus A319 private jet built in 2010 (B-
The Airbus A319 is a narrow-body commercial jetliner, typically used for short to medium-haul flights. It is part of the Airbus A320 family of aircraft, which includes the A318, A319, A320, and A321 models. However, the A319 can also be converted into a business jet, which is commonly referred to as an Airbus Corporate Jet (ACJ). The ACJ version of the A319 offers a spacious and luxurious interior, with features such as private bedrooms, lounge areas, and dining areas. The ACJ is designed to meet the needs of VIP and corporate customers who require the comfort and convenience of a private jet for long-haul flights. With a range of up to 7,000 nautical miles and a spacious cabin, the A319 ACJ offers a cost-effective alternative to larger and more expensive business jets, making it an attractive option for customers looking for a balance of comfort, performance, and value. The price of an Airbus A319 ACJ varies greatly depending on factors such as the age of the aircraft, its configuration, and the level of customization. However, a new Airbus A319 ACJ can cost anywhere from $80 million to $100 million or more.
Yacht Owners Database 2024
