Xu Jiayin
Xu Jiayin was born in Taikang County, Henan, China on October 9th, 1958 and is the Chinese Entrepreneur. At the age of 65, Xu Jiayin biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 65 years old, Xu Jiayin physical status not available right now. We will update Xu Jiayin's height, weight, eye color, hair color, build, and measurements.
As a fresh graduate in 1982, Xu was assigned to the heat-treatment shop of Wuyang Iron and Steel Company (Chinese: 舞阳钢铁公司), becoming its associate director in 1983 and director in 1985. Xu served as director for seven years there. After resigning in 1992, he moved to Shenzhen, the newly founded special economic zone in southeast China's Guangdong province. He was accepted by a trading company named "Zhongda" (Chinese: 中达). One year later he became president of its branch office named "Quanda" (Chinese: 全达). On October 1, 1994, Xu moved to Guangzhou, capital of Guangdong province, to establish the Guangzhou Pengda Industrial Co., Ltd. (Chinese: 广州鹏达实业有限公司).
In May 1996, Xu Jiayin, with a monthly salary of 2000 yuan, left Zhongda Group after unsuccessful negotiation with the boss of this society.
In March 1997 he founded the Evergrande Group, becoming its chairman. Xu is the owner of Guangzhou Evergrande football club, one of China’s most successful football clubs. in 2019, Xu announced a three-year investment in electric cars worth approximately $6.4 billion.
At its peak of 2017, his fortune is thought to have been $45.3 billion, putting him third on Forbes' 2020 list of Richest Chinese Billionaires. However, from 2017 to 2020 his wealth was estimated to have dropped by more than $20 billion to $21.8 billion due to mounting debts, which were exacerbated by the coronavirus pandemic. The Hurun China Rich List of October 2021 still estimated his personal fortune to be around $11.3 billion in autumn 2021. However, according to the Bloomberg Billionaires Index his net worth had dropped to $6.2 billion by 13 December 2021, having lost $17.2 billion on the year, due partly to the sale of personal assets in the context of the Evergrande liquidity crisis, including his US$227-million mansion in London.