Evergrande Property Magnate Seizes Top Spot On China Rich List 1 234 567

Evergrande Property Magnate Seizes Top Spot On China Rich List

voanews.com

China has a new richest man, according to the annual Hurun rich list of the country's top movers and shakers.

Xu Jiayin, the chairman of developer China Evergrande Group, has seized top spot - beating out more familiar faces such as Alibaba Group Holding Ltd's Jack Ma and rival property magnate Wang Jianlin of Dalian Wanda Group.

Xu's reported $43 billion wealth - a gain of around $30 billion against last year - comes on the back of a surge in Evergrande's shares, up...

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