📉 A Chinese billionaire, formerly one of the country's wealthiest businessmen and once the second-richest person in Asia, has seen his fortune drop by 93%. Follow benzinga The chairman of real estate developer China's Evergrande Group, Hui Ka Yan, was worth $42 billion in 2017 and is now worth $3 billion, reports Bloomberg. According to a CNN report, Hui's Evergrande is the country's most indebted developer, with $300 billion in liabilities. In addition, the company has been experiencing real estate problems since 2021. Hui ended up selling his houses and private jets to save his company. The UK's most expensive home, on Rutland Gate in London (purchased for $232 million in 2020), also belonged to Hui before being put on the market again. It was previously owned by the late Crown Prince of Saudi Arabia, Sultan bin Abdul-Aziz. Evergrande has close to 200,000 employees and owns more than 1,300 developments in more than 280 cities. After defaulting on its U.S. dollar bonds in Dece...