
Hui Ka Yan
Chinese businessman
Hui Ka Yan (Chinese: 许家印, or Xu Jiayin in Mandarin Chinese; born 9 October 1958) is a Chinese convicted criminal and former businessman. Founder of Evergrande Group, he was a high-profile tycoon whose ventures extended from real estate into sports, entertainment, and beverages, until his arrest in 2023 amid the Chinese real estate crisis.2
From Wikipedia’s article on Hui Ka Yan (this version), CC BY-SA 4.0.
Born Oct 9, 1958.1
Net worth $36.2B (as of 2019, per The World's Billionaires).16 Richest people
About
In 2026, he pleaded guilty to charges including embezzlement and corporate bribery, and was sentenced to life imprisonment.
From Wikipedia’s article on Hui Ka Yan, shared under CC BY-SA 4.0.2
Companies
- Evergrande GroupFounder13
- Evergrande (marque)Founder14
Early life and education
- 1978 to 1982Wuhan University of Science and Technology bachelor's degree3
Hui Ka Yan was born from a rural family in Jutaigang Village, Gaoxian Township, Taikang County, Henan, on 9 October 1958. His father is a retired soldier who participated in the Second Sino-Japanese War in the 1930s and 1940s. After the establishment of the communist state, he became a warehouseman in his home village. Hui's mother died of sepsis when he was 8 months old. He was raised by his paternal grandmother. After high school he worked in a cement product factory for a few days and then worked for two years at home. He was the production team leader. After resuming the college entrance examination in 1978, Hui was accepted to Wuhan Institute of Iron and Steel (now Wuhan University of Science and Technology) serving as commissary in charge of hygiene in his class.
From Wikipedia’s article on Hui Ka Yan (this version), CC BY-SA 4.0.
Career
Occupation: entrepreneur.7
- Date not recordedFounded Evergrande (marque)4
- Date not recordedFounded Evergrande Group5
- Date not recordedMember of the National Committee of the Chinese People's Political Consultative Conference6
As a fresh graduate in 1982, Hui was assigned to the heat-treatment shop of Wuyang Iron and Steel Company (舞阳钢铁公司), becoming its associate director in 1983 and director in 1985. Hui served as director for seven years there. After resigning in 1992, he moved to Shenzhen, the newly founded special economic zone in southeast China's Guangdong province. He was accepted by a trading company named Zhongda (中达). One year later, he became president of its branch office, named Quanda (全达). On 1 October 1994, Hui moved to Guangzhou, capital of Guangdong province, to establish the Guangzhou Pengda Industrial Co., Ltd. (广州鹏达实业有限公司).
In March 1997 he founded the Evergrande Group, becoming its chairman. Hui is the owner of Guangzhou Evergrande football club, one of China's most successful football clubs.
At its peak of 2017, his fortune is thought to have been $45.3 billion, putting him third on Forbes' 2020 list of the richest Chinese billionaires. However, from 2017 to 2020 his net worth reportedly was estimated to have dropped by more than $20 billion to $21.8 billion primarily due to mounting debts exacerbated by the economic impact of the COVID-19 pandemic. The Hurun China Rich List of October 2021 estimated his personal fortune to be around $11.3 billion in autumn 2021.
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Evergrande liquidity crisis and resulting detention
In the context of the Evergrande liquidity crisis, his net worth had dropped to $6.2 billion by 13 December 2021, according to the Bloomberg Billionaires Index, having lost $17.2 billion on the year, due partly to the sale of personal assets including his US$227-million mansion in London.
On 28 September 2023, Hui was detained by police and under investigation for suspected illegal activity. Trading in Evergrande shares was suspended. He lost his status as a billionaire in October 2023, when Bloomberg estimated his net worth to be $979 million. On 19 March 2024, he was fined $6.5 million for his company's $78 billion revenue overstatement and banned from China's markets for life. On 14 April 2026, it was reported he pleaded guilty on fraud charges, while expressing his regret for his actions. On 20 August 2026, Hui was sentenced to life imprisonment and had all of his personal property confiscated for financial fraud, corruption, and embezzlement. The court also imposed a total fine of CN¥ 15.8 billion on Evergrande Group and its real estate division.
From Wikipedia’s article on Hui Ka Yan (this version), CC BY-SA 4.0.
Personal life
- BornOct 9, 1958, Taikang County8
- CitizenshipPeople's Republic of China9
- ResidenceGuangzhou10
- Children211
Hui married Ding Yumei (丁玉梅), whom he met at the Wuyang Iron and Steel Company (舞阳钢铁公司). The couple have two publicly known sons, with court documents suggesting two additional children.
From Wikipedia’s article on Hui Ka Yan (this version), CC BY-SA 4.0.
Politics
In 2008, Hui became a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, the top political advisory body in China. He was promoted to CPPCC National Committee's Standing Committee in 2013, and actively participated in the conventions since then. He attended the 100th anniversary of the Chinese Communist Party in 2021. In November 2022, he skipped a Standing Committee meeting due to the crisis at Evergrande, and was told not to attend the annual meeting of the CPPCC in March 2023.
From Wikipedia’s article on Hui Ka Yan (this version), CC BY-SA 4.0.
Awards
- Date not recorded100 Outstanding Private Entrepreneurs in the 40 Years of Reform and Opening-up12
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHui Ka Yan on Wikidata
- 2WikipediaHui Ka Yan on Wikipedia
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- 12WikidataHui Ka Yan: award, on Wikidata
- 13WikidataEvergrande Group, Founder
- 14WikidataEvergrande (marque), Founder
- 15Wikimedia CommonsHui Ka Yan photo by China News Service, CC BY 4.0
- 16WikidataNet worth