Net Worth: $41 Billion
- Source of Wealth Real Estate
- Birth Place Henan Province, China
- Marital Status Married
- Full Name Hui Ka Yan
- Nationality Chinese
- Date of Birth 1958
- Ethnicity Chinese
- Occupation Chairman of Evergrande Real Estate Group
- Education Wuhan University of Science and Technology
- Children 2
About Hui Ka Yan
Property developer Hui Ka Yan is the chairman of Evergrande Real Estate Group and he has an estimated net worth of $41 billion in October 2017, according to Bloomberg. He is also the seventh richest person in China and 209th in the world. Born 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 earned his estimated net worth with his experience of more than 26 years in real estate investment, property development, and corporate management. Since 1996, he has been the chairman of one of the biggest developers in Guangdong Province. He is in-charge of formulating the overall development strategies at Evergrande Real Estate Group. Current projects include Evergreen Oasis Wuhai in arid Inner Mongolia, and Evergreen Spring City Enping in Guangdong.
Mr. Hui continued to earn and his net worth was back to where it was a year ago. This took place when the firm became successful during the rode out period of tight controls on real estate lending. His Hong Kong shares were up by a double-digit figure. This year, it has made more plans to achieve. It has contracted sales of $16.4 billion with a 25% increase from 2012. In January, it has announced its plans to issue a billion new shares to outside investors. He will also buy another billion shares so that his and his wife’s stakes will only be slightly lower with 63.5%.
He is one top Chinese philanthropist. In 2011, Hui made $62 million donations. He was a recipient of the honor of National Model Worker given by the State Department. Currently, he is a member of the 11th National Committee of the Chinese People’s Political Consultative Conference. He is also the vice president of China Enterprise Confederation, China Entrepreneur Association, and China Real Estate Association.