Friday, 28 July 2017

Chinese Business man,Hui Ka Yan , Makes $8 Billion in 2 days

Chinese billionaire, Hui Ka Yan, is one happy man right now. The real estate tycoon is said to have made $15.5b in just 2 days.

The value of the shares of his company, Evergrande Group, appreciated by over 34%; which is by $8 billion, making him worth about $33.5 billion in just two days . Along with his wife, he owns about three quarter of the company.

The business man, along with his wife, own about three quarter of the company He is now the 3rd richest Chinese man in the world; behind Jack Ma of Alibaba and Ma Huateng of Tencent also called Pony Ma.

The increase in share price came when his company announced that in the first half of the year, they would make thrice what they made the previous year.

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