The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country’s once red-hot property market. The net worth of Hui Ka Yan, chairman of real estate developer China Evergrande, has plunged nearly 93%, according to the Bloomberg Billionaires Index. Once the second-richest person in Asia, Hui’s wealth has fallen from $42 billion at its peak in 2017 to about $3 billion, Bloomberg said.
But that was far from enough and Evergrande defaulted on its US dollar bonds in December 2021 after scrambling for months to raise cash to repay creditors, suppliers and investors. Last year, the firm failed to deliver its preliminary debt restructuring plan, leading to further concerns about its future. Evergrande is massive: It has about 200,000 employees, raked in more than $110 billion in sales in 2020 and owns more than 1,300 developments in more than 280 cities.
You also serve china.
Dot compromise with Islamic regime These are the killers these are the terrorists IRGCterrorists MahsaAmini
The USA is the heaven of super rich people, who are able to control everything and will never lose
Would you pay full price for a building that hasn’t been built? Sorry not sorry.
Um, so, poor super rich?
As an Iranian, I urge you and EU authorities to put the IRGC on the terrorist list and with this, not only help the Iranian to reach peace but also help Ukrainians in ending the war and make the world a safer place. WomanLifeFreedom IRGCterrorists MahsaAmini
It’s good when billionaires go broke. More American billionaires should lose 90% of their value. That value should go where it belongs: to the people.
Amazing things are happening in China.
Easy comes, easy goes. The rich always land on their feet because they don’t lose their greed. They always find a new scam.
Oh boo hoo!
…Ponzi schemes…the super rich who got rich off Ponzi schemes.
He has $4 or $40 billion left. Should he be punished for his wrongdoings? Using illegal tactics to con and cheat other Chinese is his goal to make himself rich. No Shame!!!
So, he is a milionare now? 😁
Boo hoo
Has he checked the back of his sofa?
Make the Chief Twit next
Still Richer than Rump.
Speaking out against the government regimes that control the world has consequences on every continent.
Amazon is always hiring 😆
Let me see if I can drum up some sympathy! Nope, I can’t. He’s not feeding the hungry or doing anything good with it anyway.
Communist News Network is upset one of their own lost money.
. Mind Ur own Business
Elon and Him can team up.
Good for him!
He looks OK, standing between roses and a magic fairy land.
Still rich af
Oh dear, how sad, never mind. What's he crying about, he's still got 10%.
My heart bleeds.
Pity this wouldn't happen to all billionaires
O man he’s down to 3 billion dollars. How will he survive 😂😂
Still have 10% of a billion.
Maybe if we all pitch in we can help him find it
And he's still one of the richest people in the world.
OMG! I am so sorry for him! 😢
Meanwhile thousands of innocent lives were lost and billions of oil were stolen by the US govt. 😆
We supposed to shed tears for billionaires who have lost wealth? Erm.. sorry fresh out of tears.. been using them for people who are in actual poverty..
He’s down to his last $3 billion. 😔 Thoughts & prayers 🖕.
The biggest difference in the two billionaires is that the chinese believes in his own company to help save his employees jobs and use his personal wealth to try to save his company but American never would.
So sorry maybe he should talk to Putin …
Did he go against the Chinese government? Because they usually do that when you speak out.?
That makes him a millionaire
🤜🇧🇷🤛 NADA MUDOU...
He didn't colonise anyone to become rich, I'm sure he can use his brain again
Good. There's still tons of SUPER rich people in China 🤡🖕🤡🖕
Eine runde Mitleid 😢😢😢😀😀😀
Good.
Weird the picture doesn’t look like Elon Musk?
it’s only way to keep himself alive
He will be fine
Due to printing 💸?
My heart bleeds.
😂😩😭😂
Most everyone else in unison: Wow, I wish I had money like that to blow and still come out of it a billionaire.
Lmao CCP style 🤣😩
Too bad ….
Hell find a way to rob some more one way or another 🤔
Oh only to have the means for my wealth to drop to 3B … 😀
Wow 😯!
I feel joy when billionaires lose their money let's keep that trend going. The world will be better when no billionaires.
WISH THIS IN USA
So sad
If only we got good news like this more often.
poor man... still billionaire
Poor guy has to live on only $3 billion for the rest of his life :(
Still richer than 99% of the world population...