Hui Ka Yan Biography & Net Worth
|Popular Name:||Hui Ka Yan|
|Real Name:||Hui Ka Yan|
|Birth Date:||9 October 1958|
Taikang County, Zhoukou, Henan, China
|Net Worth:||$10 Billion|
The Chinese businessman and property developer Hui Ka Yan has been the chairman of Evergrande Real Estate Group for many years now, and through that position, he has dedicated his energy and time to transforming the company and making sure that it remains active and competitive in the global business scene. Born in 1958 in Henan Province in China, Mr. Hui studied at the Wuhan University of Science and Technology graduating with a bachelor’s degree in metallurgy in 1982. Since 2003, he has been a management professor at Wuhan. He earned an honorary doctorate degree from the University of West Alabama in 2008. A dedicated entrepreneur and leader, Mr. Hui Ka Yan earned his fortune with his experience of over three decades in real estate investment, corporate management, and property development. Since 1996, he has been serving as the chairman of one of the largest developers in Guangdong Province. He is in charge of developing the overall development strategies at the Evergrande Real Estate Group. Current projects include Evergreen Spring City Enping in Guangdong and Evergreen Oasis Wuhai in arid Inner Mongolia. The company became highly successful during the period of tight controls on real estate lending, and its Hong Kong shares increased by a double-digit figure. Asides from being known for his business endeavors, Mr. Hui is also famous for being one of China’s top philanthropists. In 2011, he gave away more than $62 million of his money in charity donations. Find out many interesting facts about this businessman and investor by continuing with reading the rest of this essay.
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Early Life: Childhood, Education
Hui Ka Yan was born on 9 October 1958 into a rural family in Jutaigang Village, Gaoxian Township, Taikang County, in Henan, China. His father, a retired soldier, became a warehouseman in his home village after the establishment of the Communist State. His mother died of sepsis when he was less than a year old. He was raised by his paternal grandma.
After completing his high school education, Hui worked in a cement production factory for some days and then worked at home for two years.
He resumed the college entrance examination in 1978 and was accepted to the Wuhan Institute of Iron and Steel (now known as the Wuhan University of Science and Technology. He graduated with a bachelor’s degree in metallurgy in 1982.
Professional Life: Entrepreneurial Career
After completing his bachelor’s degree, Hui was assigned to the heat-treatment facility of Wuyang Iron and Steel Company where he became an associate director in 1983 and was promoted to director in 1985. He held the director position for seven years until his resignation in 1992. From there, he moved to Shenzhen, in southeast China’s Guangdong province where he was accepted by a trading company called Zhongda. The following year he became president of one of its branch offices.
On October 1, 1994, Mr. Hui moved to Guangzhou, the capital of Guangdong province. There, he established the Guangzhou Pengda Industrial Co., Ltd. Two years later he left Zhongda Group after unsuccessful negotiation with the head of this company.
In March 1997 he founded the Evergrande Group and became the board chairman. He is also the owner of Guangzhou Evergrande football club, one of the most successful football clubs in China.
Achievements: Awards & Honors
Mr. Hui Ka Yan was a recipient of the honor of “National Model Worker”, awarded by the State Department. He is currently a member of the eleventh National Committee of the Chinese People’s Political Consultative Conference. To include, he is also the vice president of the China Enterprise Confederation, China Real Estate Association, and China Entrepreneur Association.
Personal Life: Family, Private Interests
He is married to Ding Yumei whom he met during his time working at Wuyang Iron and Steel Company. The couple has two children and resides in Guangzhou.
His second favorite thing outside his business interests is watching sports and cheering his favorite football team Guangzhou Evergrande football club, which he also owns.
Hui Ka Yan Net Worth: Salary, Income Sources, Assets
Mr. Hui is a Chinese billionaire businessman and the serving chairman of the successful Chinese real estate developer Evergrande Group. He is the largest shareholder of the company, holding nearly 60 percent of the shares as of this writing. The Evergrande Real Estate Group, in 2017, achieved sales of approximately $69.5 billion. The Guangzhou-based company was the biggest property developer in China as of 2016, with revenue of more than $31.8 billion.
Hui Kan Yan’s net worth is currently estimated at 10 billion dollars, ranking him the 462nd wealthiest businessperson in the world, according to Bloomberg Billionaires Index. AT the peak of his success, his net worth topped over $45.3 billion in 2017. His wealth has declined due to mounting debts, which were worsened by the coronavirus pandemic as well as the sale of personal assets in the perspective of the Evergrande liquidity crisis.