@chinascope: Once China’s richest man, Hui Ka Yan built Evergrande into one of China’s biggest property empires. At his peak, he was worth more than $45 billion. On August 20, 2026, Hui was sentenced to life in prison for eight financial and corporate offenses, including fundraising fraud, securities fraud, illegal lending, embezzlement and bribery. His personal assets were confiscated, and he was stripped of his political rights for life. The dramatic fall of China’s former richest man. #China #Evergrande #HuiKaYan #ChinaNews #Billionaire #xujiayin

ChinaScope

Open In TikTok:

Region: US

Friday 21 August 2026 11:15:00 GMT