China’s richest builder Hui Ka-yan, the boss of Evergrande, suffered the biggest setback among the nation’s top 10 property moguls after policymakers tightened the screw on the industry to curb speculations. Second-ranked Yang Huiyan retained her position as the richest woman in the latest Hurun Report.Hui’s net worth shrank by 45 billion yuan (US$6.37 billion), or 21 per cent, to 170 billion yuan on August 15 from a year ago, according to the Hurun Rich List 2019 released on Wednesday. Hui,…
Source : South China Morning Post
Read more…China’s richest builder loses wealth while top 10 billionaire developers boost combined worth: Hurun Report















