Once Asia’s Richest Man, Evergrande Founder Hui Ka Yan Sentenced To Life In Prison The sentencing of Hui Ka Yan, once Asia's richest man, to life in prison is a stark reminder that hubris and corruption can exact a steep price.
The case against him and his companies is a complex web of deceit and mismanagement that stretches far beyond China's borders. Evergrande's rise and fall was nothing short of spectacular.
The company catapulted to the top of the property sector in China before imploding under the weight of its own debt. At one point, Hui Ka Yan's net worth was $45.