Wealth

Asia’s Former Richest Man Faces Escalating Debt Crisis


Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as shares of his Evergrande tumbled 26%. The company’s Hong Kong-listed shares have plunged 68% over the past year, and analysts say the once resourceful tycoon …

Read more @ www.forbes.com

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