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Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines
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Global — Amy Hawkins Senior China correspondent
Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines
The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.
Hui Ka Yan, 67 and once named by Forbes as China’s richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges.
The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.
This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Amy Hawkins Senior China correspondent. Published 20 Aug 2026, 12:03 pm.
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