Hui Ka Yan Net Worth $5.9 Billion
Property developer Hui Ka Yan is the chairman of Evergrande Real Estate Group and he’s got an estimated net worth of $5.9 billion, according to Forbes. He is also the seventh wealthiest person in China and 209th on the planet. Produced in 1958 in Henan Province in China, he graduated from Wuhan University of Science and Technology with a degree in metallurgy in 1982. Since 2003, he has been a management professor at Wuhan. He earned his honorary Ph.D. from the University of West Alabama in 2008. Mr. Hui Ka Yan got his estimated net worth with his experience of over 26 years in real estate investment, property development, and corporate direction. Since 1996, he’s become the chairman of one of the largest developers in Guangdong Province. He’s in-charge of formulating the entire development strategies at Evergrande Real Estate Group. Present projects include Evergreen Oasis Wuhai in arid Inner Mongolia, and Evergreen Spring City Enping in Guangdong. Mr. Hui continued to get and his net worth was back to where it was a year past. This took place when the business became successful during the rode out interval of tight controls on property lending. His Hong Kong shares were up with a double digit amount. In 2013, it has made more strategies to realize. It has contracted sales of $16.4 billion with a 25% increase from 2012. In January, it has declared its plans to issue a billion new shares to outside investors. He can also purchase another billion shares so that his and his wife’s positions will only be marginally lower with 63.5%. He’s one top Chinese philanthropist. In 2011, Hui made $62 million donations. Hui was a receiver of the honour of National Model Worker given by the State Department. Hui is also the vice president of China Enterprise Confederation, China Entrepreneur Association and China Real Estate Association.