Hui Ka Yan

Hui Ka Yan (, or Xu Jiayin in Mandarin Chinese; born 9 October 1958) is a Chinese billionaire businessman. He is the chairman of the board and Communist Party secretary of the Evergrande Group, a Chinese real estate developer. Hui is the largest shareholder of Evergrande Group, holding nearly 60 percent of stock as of December 2021. In 2017, Evergrande Real Estate Group achieved sales of RMB 450 billion (US $69.5 billion). The Guangzhou-based company was China's biggest property developer in 2016, based on sales volume; revenue was 211.4 billion yuan (US$31.8 billion). , Hui has an estimated net worth of $1.7 billion according to Bloomberg Billionaires Index, down from a peak of $45.3 billion in 2017. Early life and education Hui Ka Yan was born from a rural family in Jutaigang Village, Gaoxian Township, Taikang County, Henan, on October 9, 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.