Xu Jiayin

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Xu Jiayin
Native name 许家印
Born (1958-10-09) 9 October 1958 (age 59)[1]
Taikang County, Zhoukou, Henan, China
Residence Guangzhou, Guangdong, China
Nationality Chinese
Occupation Founder and Chairman of Evergrande Real Estate Group
Net worth US$38.4 billion (September 2018)[2]
Children 2

Xu Jiayin (or Hui Ka Yan in Cantonese, Chinese: 许家印; born 9 October 1958) is a Chinese billionaire businessman, and chairman of Evergrande Group, a Chinese real estate developer.[2]

Evergrande's debt to equity ratio peaked at over 170% in 2011. It was over 150% at the end of 2015. It was higher than most Chinese-listed real estate companies. Its most recent acquisitions are from Hong Kong-based New World Development.[3] Hui is the largest shareholder of China Evergrande Group. It has more than 700 projects in more than 240 cities in China including Beijing, Shanghai, Guangzhou and Shenzhen. In 2017, Evergrande Real Estate Group will achieve a sales amount of RMB 450 billion. The Guangzhou-based company has become China's biggest property developer in 2016 based on sales volume and had revenue of 211.4 billion yuan ($31.8 billion) in 2016.

As of January 2018, Xu has a net worth of US$39.1 billion, making him the third-richest person in China, and the 21st-richest in the world.[citation needed]

Personal life[edit]

Xu Jiayin was born in a rural family in Jutaigang Village, Gaoxian Township, Taikang County, Zhoukou, Henan, China. (Chinese: 河南省周口市太康县高贤乡聚台岗村)[2]

He is married with two children and lives in Guangzhou.[2]

References[edit]

  1. ^ "新春特刊之许家印:父亲送我的那块梅花表". Sina Finance. Retrieved 7 June 2018. 
  2. ^ a b c d "Hui Ka Yan". Forbes. Retrieved 25 November 2017. 
  3. ^ "Perpetual Faith in China - Bloomberg Gadfly". Bloomberg.com. Retrieved 2016-01-26.