Xu Jiayin, chairman of China Evergrande Group, was once one of China’s wealthiest and most influential tycoons. Today, Xu Jiayin’s wealth has shrunk significantly. Hui’s net worth has fallen to about $3 billion from $42 billion when he was Asia’s second-richest, according to the Bloomberg Billionaires Index. According to Bloomberg, Evergrande first defaulted on US dollar bonds in 2021. Currently, the company has more than US$16 billion in US dollar bonds outstanding. China’s five wealthiest real estate tycoons have collectively lost about $65 billion over the past two years, according to the Bloomberg Wealth Index. | Related reading (International Financial News Exchange)
Zhang Jingting
From the data layup, Xu Jiayin’s net worth has shrunk by 93% from 42 billion US dollars, which seems very exaggerated. But even if it has shrunk by more than 90%, Xu Jiayin still has a fortune, and Evergrande, which is under its umbrella, has a huge amount of debts on its head that cannot be resolved. When the house is handed over, it can be said that it is bankrupt…Facing the tragedy caused to so many people and so many families after the thunderstorm with Evergrande, Xu Jiayin’s situation is already very comfortable.
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