(Bloomberg) — Four years after vying with Jack Ma for the title of Asia’s richest man, Evergrande chairman Hui Ka Yan’s fortune is plunging and his sprawling real estate empire is on the verge of collapse. Most Read from Bloomberg It’s a stunning reversal for a man who fought his way from poverty in rural China to build one of the world’s largest property companies. In previous times of trouble, Hui had been able to rely on the help of his tycoon friends and local government support…. Source link
Read More »How Evergrande’s Rags-to-Riches Founder Is Trying to Save His Empire
