The founder of Chinese property developer Evergrande — who was once Asia’s second-richest person — is no longer a billionaire

Hui Ka Yan, the founder and chairman of embattled Chinese property developer Evergrande, was once Asia’s second-richest person worth $42 billion in 2017. But the tycoon has fallen far from his perch. Hui — who is now under police surveillance — recently lost his billionaire status after his fortune plunged 98% from its peak amid …

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