Connect with us

World

Hui Ka Yan Net Worth 2023: Exploring Evergrande CEO’s Net Worth As He Goes From Power Circles To Police Surveillance

Published

on

Hui Ka Yan Net Worth 2023: Exploring Evergrande CEO's Net Worth As He Goes From Power Circles To Police Surveillance

Hui Ka Yan is the founder of China Evergrande Group. Evergrande Group is currently the epicentre of the world’s second-most populous country’s property crisis. The same has been kept under the control of the Police. It’s predicted that the company might have stepped into a new phase that involves the criminal justice system.

This situation has aroused questions about the future of China’s Evergrande Group. China Evergrande Group is the world’s most indebted developer. Various restructuring plans were in process to check the financial markets. Thus, the risk of liquidation is currently high. Hui Ka Yan is a 64-year-old billionaire who has a lot of questions cast on him.

About Evergrande Real Estate Group Ltd

Evergrande Real Estate Group Ltd is a Chinese film founded by Xu Jiayin or Hui Ka Yan in 1996. This company is a property developer. The size of the company is the second largest in its country in terms of sales.

Advertisement

Evergrande Real Estate Group Ltd is headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. Currently, this firm holds more than $300 billion in liabilities making it the world’s most indebted developer.

The Rise and Fall of Hui Ka Yan

Hui Ka Yan Net Worth 2023: Exploring Evergrande CEO's Net Worth As He Goes From Power Circles To Police Surveillance

Hui Ka Yan was born to a rural family in Jutaigang Village, Henan. His mother passed away of sepsis when he was 8 months old and his father is a retired soldier.

Post his studies in high school, he was engaged in a cement product factory and then after graduation, he became the associate director of an Iron and Steel Company in 1983 and then a director in 1985.

Later he got the designation of president of Quanda. In 1997 March, he founded Evergrande Group and became the chairman.

Advertisement

What Exactly Happened?

Hui Ka Yan was captured by Chinese Cops at the beginning of September. He was monitored minutely under residential surveillance at a designated location. As per Bloomberg, this type of monitoring is a type of police action that is not the formal way of arrest or detention.

It is not clear where exactly is Hui Ka Yam right now. As per the Criminal Procedure Law of China, Hui will not be able to leave the location or meet or communicate with anyone. However, he would need approval for the same. The process can not exceed 6 months. In this process, identification cards and Passports are also under Police capture.

How Much is Hui Ka Yan’s Net Worth Now?

As of September 2023, Hui has a total net worth of $1.7 billion. As per the Bloomberg Billionaires Index, in July 2020 Hui’s net worth was $39.8 billion. Thus there has been a fall of 96% in the last three years. The main source of his income is from his stake in Evergrande.

Also Read: Doug Burgum Net Worth 2023: Here’s How Much Fortune The North Dakota Governor Holds

Advertisement

Wiki Biodata

NameHui Ka Yam
Other namesXu Jiayin
Born9 October 1958
ProfessionBusinessman, investor
SpouseDing Yumei
Founder ofEvergrande Real Estate Group Ltd
Net Worth$1.7 billion

FAQs

What is Hui Ka Yan’s current net worth?

As of September 2023, Hui Ka Yan’s net worth is reported to be $1.7 billion, a significant decrease from his net worth of $39.8 billion in July 2020. His wealth primarily comes from his stake in Evergrande.

How did Hui Ka Yan rise to prominence?

Hui Ka Yan, born into a rural family, worked his way up from a cement product factory to eventually founding Evergrande Group in 1997. He became the chairman of the company and played a significant role in its growth.

What is the size of China Evergrande Group’s liabilities?

China Evergrande Group holds more than $300 billion in liabilities, making it the world’s most indebted developer.

Advertisement

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

World

Bank of America Associate Dies with Acute Coronary Artery Thrombus

Published

on

Bank of America Associate Dies with Acute Coronary Artery Thrombus

Bank of America (BAC. N) announced on Monday that an investment banker at the organization met his/her ultimate demise. 

While the netizens are searching and speculating about the reason behind a Bank of America employee’s death, it is unveiled that the deceased passed away of natural causes, reported Reuters.

The details were confirmed by the Chief Medical Examiner of the New York Office when he was asked about decoding the possible reasons for the employees’ deaths. An email from the New York Office confirmed this. 

Advertisement

The organization announced that the person “died of acute coronary artery thrombus.” The alleged disease “causes the formation of a blood clot inside a blood vessel of the heart.”

In the wake of this, the employer organization, Bank of America, announced that it would extend support to the deceased’s family. It further added, “our focus is on doing whatever we can to support the family and our team, who are devastated.”

Identity of the Individual 

Until now, Bank of America hasn’t disclosed the individual’s identity, age or name. 

Advertisement

Even the deceased’s relatives have not shared the identity of the person, while they continue to grieve about his/her death.

The deceased employee was an important part of the FIG or financial institutions group. The work of FIG is to provide advices to bank clients regarding deals. 

A source familiar with the deceased employee of Bank of America revealed that the employee was to also be “a former member of the U.S. Green Beret special forces.”

Advertisement

As per another person associated with this matter, the Bank of America employee met his/her ultimate demise on Thursday. 

According to Nairametrics, this tragic death incident follows certain complaints by junior banking colleagues. The complaints comprise working hours of employees being more than 100 hours a week during 2020 and beyond.

Also Read: LVAC Shooting Update: Male Suspect Arrested, Near Las Vegas Gym On Flamingo Road

Advertisement
Continue Reading

World

New-Age Cheating Explained as IB Paper Leak Got 45K+ Downloads 

Published

on

New-Age Cheating Explained as IB Paper Leak Got 45K+ Downloads 

New-age cheating has currently dominated the of media headlines and social media platforms.

In this, students who sat for Class XII board exams for the International Baccalaureate Diploma Programme (IBDP) reportedly learned the question in on a Mathematics paper.

Later, they shared the questions online on social media. Moreover, they assisted students in different time zones who were yet to sit for the exam. 

Advertisement

According to TOI, on May 1 and 2, the Math exam for two hours was conducted. However, reportedly on May 3, paper leaked news was discovered. 

These annual exams are conducted by IB in three time zones. 

IB has acknowledged the question leak situation due to difference in time zones. However, the country of origin of the leak hasn’t been made public yet. 

Advertisement

Reportedly, principals in Mumbai alleged that the part was leaked from Turkey. 

Due to the time zone difference, the paper leak is more likely to benefit students in the Americas, Europe, Singapore, and Hong Kong. Moreover, it is less likely to benefit Indian students. 

The highlights of the report added that this is probably the first instance of a paper leak. The Switzerland-based board witnessed this scenario for the first time in its 55-year history, adds FirstPost.

Advertisement

On Sunday, IB stated that there was no concrete evidence of the spread of the “time zone cheating.” However, they did discover a number of students who were involved in the practice. 

SCMP reported that “the materials were downloaded more than 45,000 times.”

What is the International Baccalaureate (IB)?

International Baccalaureate (IB) is a Switzerland-based board for providing education to students. It was founded in 1968 and is headquartered in Geneva, Switzerland. 

Advertisement

Its curriculum is divided into 4 programmes for students from 3–19 years. 

1. Primary Years Programme (3-12 years)

2. Middle Years Programme (11-16 years)

Advertisement

3. Diploma Programme (16-19 years)

4. Career-Related Programme (16-19 years)

India has a total of 210 IB World schools. Chennai, Bangalore, Kolkata, Mumbai and New Delhi have the larger concentrations of schools in India.

Advertisement

Also Read: Mastermind of Rajasthan JEN paper leak case nabbed after three years

Continue Reading

World

North Braddock Church Shooting: Bernard Polite Threatened Pastor, Got Arrested

Published

on

North Braddock Church Shooting: Bernard Polite Threatened Pastor, Got Arrested

A church service in North Braddock, Pennsylvania was agitatedly disturbed on Sunday. 

A 26-year-old man, who was identified as Bernard Polite, is said to be behind the shooting that took place at Jesus’ Dwelling Place Church. 

Bernard Polite allegedly brandished a firearm during his sermon targeting Pastor Glenn Germany. 

Advertisement

The shooting incident at North Braddock Church occurred shortly after 1 p.m.  NBC reported that Pennsylvania State Police charged the 26-year-old. 

Video Footage Obtained 

A video clip was obtained by the church’s deacon. Pastor Glenn Germany shared the footage online. In the clip, an alarming moment can be spotted when “the pastor was confronted by Polite, with the firearm visibly aimed in his direction.”

Pastor Germany said, “I was like, this is not happening” to CBS

Advertisement

In the video, Deacon Clarence McCallister could also be spotted rushing towards the 26-year-old and throwing him to the ground. Deacon revealed that it was his stimulus that worked, as his mind reacted promptly to the pandemonium. 

Prior to this shooting incident, congregants had accumulated at the Jesus’ Dwelling Place Church to participate in the religious proceedings. Pastor Glenn Germany was guiding everyone. 

However, the peace of the surroundings broke out when police entered the church wielding a firearm with alleged intent.

Advertisement

The attack on Pastor Glenn Germany is a lesson for the world to understand the importance of having strong security measures at in church. The safety of parishioners and clergy personnel should not be avoided at any cost. 

Many houses of worship are equipped with increased security. However, prompt readiness and alertness needs to be emphasized. 

According to TimesNow, congregations and religious leaders were advised by the authorities to continue being proactive and watchful while resolving any potential threats approaching.

Advertisement

Also Read: LVAC Shooting Update: Male Suspect Arrested, Near Las Vegas Gym On Flamingo Road

Continue Reading

Trending

This will close in 5 seconds