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Hui Ka Yan Biography, Age, Assets, Wife, Education, Career & Net Worth

One of China’s largest and most indebted real estate companies, Evergrande Group, is headed by the controversial Hui Ka Yan and is listed on the Hong Kong Stock Exchange. We will know about Hui Ka Yan Net Worth later in this post.

Hui brought Evergrande public in 2009; the company has over 800 projects spread across over 280 cities but is struggling to pay back $300 billion in obligations. After completing his undergraduate education in 1982, Hui worked ten years as a steel mill technician.

In 1996, Hui founded Evergrande in Guangzhou and started purchasing inexpensive houses in local marketplaces. He has won “Top 100 Private Entrepreneurs in the 40th Anniversary of China’s Reform and Opening-up”, “China National Award for Fighting against Poverty”, “China National Model Worker”, and “Excellent Builder for the Socialist Cause with Chinese Characteristics”, and many other national honours.

Hui Ka Yan

Hui Ka Yan

Hui Ka Yan Bio/Wiki

Birth NameXu Jiayin
Nick NameHui Ka Yan
Age63
ReligionBuddhism
Sun Sign/Zodiac SignLibra
Birth PlaceTaikang County, Zhoukou, China
Date of BirthOctober 9, 1958
NationalityChinese
HobbiesSoccer and Volleyball Teams, bottled water, online entertainment, banking and insurance

Family

Mother's NameN/A
Father's NameXu Xiangao
BrotherXu Jiaqin,
Xu Long’er
SisterNone

Girlfriends/Affairs

Affairs/GirlfriendsNA

Marital Status, Wife and Children

Wife/SpouseDing Yumei (m. 1983)
Marital StatusMarried
ChildrenXu Xihao,
Xu Zhijian

Education

SchoolTaikang County No. 1 High School
College/UniversityWuhan University of Science and Technology
ProfessionBusinessman

Height, Weight, and Figure Measurements

Height (Approx.)5 feet 4 inches
Weight (Approx.)72 Kg

Extra Ordinary Features

Race / EthnicityAsian
Hair ColorBlack
Eye ColorBlack
S*xual OrientationStraight

Favourite Things

Favourite FoodChinese Cuisine
Favourite BookNA
Favourite ColorsYellow
Favourite SportSoccer and volleyball
ControversiesDebts of over $300 Billion

Early Life

On October 9, 1958, in Jutaigang Village, Gaoxian Township, Taikang County, Henan, Hui Ka Yan was born into a rural family. His father served in the Second Sino-Japanese War between 1930 and 1940 and is now retired from the military.

He started working as a warehouseman in his hometown after the communist state was established. At the age of eight months, Xu’s mother passed away from sepsis. His grandma from his father’s side reared him. He worked for two years at home after finishing high school, first spending a few days in cement product manufacturing. He was in charge of the production crew. 

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Personal Life

He married his girlfriend whom he met at Wuhan University of Science and Technology. The couple is blessed with 2 beautiful children and resides in Guangzhou, China. 

Controversies

Hui, in 2021, resigned from his position as chairman of Hengda Real Estate, a business that manages property development in mainland China and was responsible for generating 88 per cent of Evergrande’s income in 2017. Zhao Changlong, a seasoned lieutenant who also serves as the onshore unit’s general manager, will take over for him. Hui continues to serve as chairman of Evergrande, which is listed on the Hong Kong Stock Exchange. He has a 76.7 per cent share there and is worth $14.6 billion.

Recently in 2022, China Evergrande Group has been served with what is believed to be the first winding-up case. Despite being heavily indebted, the business still intends to provide a plan by the end of July to restructure its more than $300 billion in total liabilities.

The Samoan-incorporated Top Shine Global Limited has petitioned the High Court of Hong Kong to dissolve the business, according to a stock exchange filing from the Hong Kong-listed property developer on Monday. Evergrande did not provide further details on the $110 million financial obligations that are the subject of the case.

Hui Ka Yan Education

He received an honorary doctorate in business from the University of West Alabama in 2008 after graduating from Wuhan University of Science and Technology in 1982. Since 2003, Professor Hui has taught management at Wuhan University of Science and Technology. In 2010, he was assigned to that institution’s position of doctorate tutor.

Professional Career

After graduating from college in 1982, Xu was hired by Wuyang Iron and Steel Company’s heat-treatment shop, where he later attained the positions of associate director in 1983 and director in 1985. There, Xu was the director for seven years. He relocated to Shenzhen, a newly established special economic zone in southeast China’s Guangdong province, upon his resignation in 1992. 

A trading business called “Zhongda” welcomed him. One year later, he was chosen president of its “Quanda” branch office. To start the Guangzhou Pengda Industrial Co., Ltd., Xu relocated to Guangzhou, the provincial capital of Guangdong, on October 1st, 1994.

After failing to reach an agreement with the head of this society, Hui Ka Yan quit Zhongda Group in May 1996 with a salary of 2,000 yuan per month. He established the Evergrande Group in March 1997 and served as its chairman of the board. As of 2016, Guangzhou Evergrande football club, one of China’s most prosperous teams, is owned by Xu. Xu announced a three-year, $6.4 billion investment in electric vehicles in 2019.

He has over 37 years of expertise in business management, real estate development, and investing. Professor Hui holds positions as vice-chairman of the B20 China Business Council, vice president of the APEC China Business Council, and vice-chairman of the China Enterprise Confederation, China Enterprise Directors Association, and China Real Estate Association, in addition to memberships on the 12th and 13th National Committees of the Chinese People’s Political Consultative Conference and the standing committees of these committees.

Hui Ka Yan's Firm-Evergrande

Hui Ka Yan’s Firm-Evergrande

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Hui Ka Yan Net Worth

His wealth was estimated to have peaked in 2017 at $45.3 billion, and in 2020 Forbes ranked Xu third among the wealthiest Chinese billionaires.

His fortune, however, was predicted to have decreased from 2017 to 2020 by more than $20 billion to $21.8 billion as a result of growing debts, which were made worse by the coronavirus outbreak.

His personal wealth was still pegged at $11.3 billion on the Hurun China Rich List of October 2021. His net worth has decreased to $6.2 billion, or a loss of $17.2 billion, by December 13, 2021, according to the Bloomberg Billionaires Index, in part because of the selling of personal assets during the Evergrande liquidity crisis.

Estimated Net Worth in 2022 (Approx)$30 Billion
Estimated Net Worth in 2021 (Approx)$27 Billion
Estimated Net Worth in 2020 (Approx)$24 Billion
Annual Salary>$3 Billion

Assets

Houses
Evergrande Group

Evergrande Group


Point Piper Mansion

Point Piper Mansion

Cars
Rolls-Royce Phantom

Rolls-Royce Phantom

Yacht
Hui Ka Yan's Yacht

Hui Ka Yan's Yacht

Jets
Airbus

Airbus

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Hui Ka Yan Wife

Hui ka Yan’s wife, Ms Ding Yamei, is also referred to as Mrs Hui. She doesn’t have a lot of information available. Hui ka Yan occasionally compliments his wife. He claims that he wouldn’t have been able to accomplish what he has achieved without his wife’s patience and understanding.

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Hui Ka Yan Height, Weight & Age

Hui Ka Yan, as of 2022, is 63 years old. He is 5 feet and 4 inches in height and is a straight, Chinese man with black hair and black eyes.

Some Facts About Hui Ka Yan

  • Does Hui Ka Yan smoke? Yes
  • Does Hui Ka Yan consume alcohol? Yes.
  • Hui Ka Yan also pays very close attention to his health. He eats before nine o’clock at night.
  • Tennis and volleyball are two of Hui Ka Yan’s favourite sports to play.
  • Hui Ka Yan enjoys watching movies and television.

FAQs

How much is the net worth of Hui Ka Yan?
$30 billion

Who is Hui Ka Yan wife?
Ding Yumei

What is Hui Ka Yan age?
63 years

What is the name of the Hui Ka Yan firm?
Evergrande

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