Trista Xinyi Luo and Venus FengAug 20, 2026 – 5.08pmBeijing | China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China’s corporate history.The disgraced property tycoon, once Asia’s second-richest man, turned Evergrande into a poster child of corporate excess during China’s long real estate boom. But after his empire came crashing down following a 2021 default, he was caught in a dragnet of official investigations that ultimately caused his downfall.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
China sentences Evergrande’s Hui to life for ‘heinous’ crime
The disgraced property tycoon, once Asia’s second-richest man, had turned Evergrande into a poster child of corporate excess during China’s real estate boom.
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