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Formerly China's Richest Man, a Disgraced Real Estate Mogul Is Now Headed To Prison For Life

Posted on August 20, 2026
By International Business Times
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Formerly China's Richest Man, a Disgraced Real Estate Mogul Is Now Headed To Prison For Life

Hui Ka Yan, the founder of the Evergrande Group, will now spend the rest of his life in prison just five years after his property development company collapsed and sent shockwaves through the Chinese economy.