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.
Xu Jiayin is a Chinese businessman and real estate developer. He is the founder and chairman of China Evergrande Group, one of the largest real estate developers in China. He is also known by his English name, Hui Ka Yan.
Xu Jiayin started his career as an entrepreneur in the early 1990s, and founded China Evergrande Group in 1996. The company has since grown to become one of the largest real estate developers in China, with a focus on residential and commercial properties.
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. Evergrande Group is considered the most indebted property developer in 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.
How Much is Xu Jiayin Net Worth?
He has a net worth of $3 billion. A few years ago, Forbes estimated his worth at $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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