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Asia’s Former Richest Man Faces Escalating Debt Crisis Share to Facebook Share to Linkedin Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People s Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images 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 appears to be running out of options to avert a mounting debt crisis. It’s a dramatic turn of events for Hui, who had been crowned Asia’s richest person just four years ago, when his net worth peaked at $45.3 billion. Today, his fortune currently sits at $17.2 billion and there’s no telling how much further it may drop.

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