XU JIAYIN • Hui Ka Yan • Net Worth $9 billion • House • Yacht • Private Jet • Evergrande Group

Name:Xu Jiayin
Name (Kantonese)Hui Ka Yan
Net Worth:$9 billion
Source of Wealth:Evergrande Group
Born:October 9, 1958
Wife:Ding Yumei
Xu Xihao, Xu Zhijian
Residence:Shenzhen, China
Private Jet:Airbus A330 VP-BHD

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.

Evergrande Group

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.

Liquidity Issues

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  $8.6 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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Yacht Event Owner

Xu Jiayin / Hui Ka Yan

Xu Jiayin House

Hui Ka Yan Yacht

He is the owner of the Amels motor yacht Event.