|Who is it?||Chairman, China Evergrande Group|
|Birth Place||Shenzhen, China, China|
|Age||62 YEARS OLD|
|Residence||Guangzhou, Guangdong, China|
|Occupation||Founder and Chairman of Evergrande Real Estate Group|
Evergrande's debt to equity ratio peaked at over 170% in 2011. It was over 150% at the end of 2015. It was higher than most Chinese-listed real estate companies. Its most recent acquisitions are from Hong Kong-based New World Development. Hui is the largest shareholder of China Evergrande Group. It has more than 700 projects in more than 240 cities in China including Beijing, Shanghai, Guangzhou and Shenzhen. Seventy percent of its projects are in the first- and second-tier cities. It has established strategic cooperation with more than 800 well-known enterprises worldwide. It implements the strategy of making top-quality products, creates the products with high quality and high cost-effectiveness, establishes the precedents of "selling all the houses with fine decoration" and "no-reason house return" in the industry, so that more than five million owners can realize the dream of having a livable home. In 2017, Evergrande Real Estate Group will achieve a sales amount of RMB 450 billion. The Guangzhou-based company has became China's biggest property developer in 2016 based on sales volume and had revenue of 211.4 billion yuan ($31.8 billion) in 2016.
As of January 2018, Xu has a net worth of US$39.1 billion, making him the third-richest person in China, and the 21st-richest in the world.