China's property tycoon Hui Ka Yan, once worth $42 billion, loses 93% of his wealth

China's property tycoon Hui Ka Yan's net worth has plunged by 93% since 2017, reported Bloomberg Billionaires Index. The Chairman of China Evergrande Group was once worth $42 billion, which made him Asia's second-richest person. However, his wealth has declined to $3 billion. Evergrande is China's most indebted developer and has been at the centre of China's real estate troubles.