Evergrande's billionaire boss is $17 billion poorer this year — this is the steepest loss suffered by any China's real estate tycoons
Not only is the company he founded grappling with $300 billion worth of debt, but his personal wealth has also fallen to the tune of $17.2 billion over the last 12 months That's a big step down for the businessman, who was worth $42 billion in 2017.
Hui's losses are among the most extreme suffered by China's property's tycoons, which total $46 billion collectively, according to Bloomberg. Hui's fortune has shrunk in part due to a plunge in Evergrande's share price, which has fallen about 90% year-to-date. Shenzhen-headquartered Evergrande is the world's most indebted developer, and its troubles are worrying global investors who fear its collapse could send the rest of the sector — and possibly the rest of the world — intoThe company's debt crisis has already cost its billionaire founder and chairman personally. Hui has reportedly been
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