9 October 1958|
Taikang County, Zhoukou, Henan, China
|Residence||Guangzhou, Guangdong, China|
|Occupation||Founder and Chairman of Evergrande Real Estate Group|
|Net worth||US$38.4 billion (September 2018)|
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. 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.
He is married with two children and lives in Guangzhou.
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