CEO of Evergrande listed richest Chinese by Forbes

The CEO of real estate company China Evergrande Group, Xu Jiayin, also known as Hui Ka Yan, has topped the list of the richest Chinese in 2017 by Forbes.

Hui Ka Yan, Chairman of Evergrande Group, attends a banquet in Ningbo, Zhejiang Province. [File Photo: IC]

In the context of rapid development in the property market, Hui's net worth surged from 9.9 billion US dollars to 42.5 billion US dollars over the past year, with an increase of 469% of his company's share price.

Pony Ma Huateng, Chairman of Tencent Holdings Ltd., attends a press conference for the 2016 Fourth Quarter and Annual Results Announcement of Tencent Holdings Limited in Hong Kong on March 22, 2017. [Photo: IC]

Jack Ma, Chairman of e-commerce giant Alibaba Group, attends the opening ceremony for his movie "Gong Shou Dao" in Beijing on November 15, 2017. [Photo: IC]

Pony Ma Huateng, Chairman of Tencent, ranks second with a net worth of 38.9 billion US dollars. And Jack Ma, boss of e-commerce giant Alibaba, slipped behind him by 400 million US dollars.

Wang Jianlin, Chairman of Dalian Wanda Group, attends a signing ceremony for a tourism project in Haikou, Hainan Province, November 30, 2016. [Photo: IC]

The leader of last year, Wang Jianlin, falls nearly 8 billion US dollar to No. 4, amid a major restructuring process of his previously blossoming Dalian Wanda.

Zhang Yiming, CEO of Beijing ByteDance Technology, attends the five year anniversary ceremony of ByteDance in Beijing on March 10, 2017. [Photo: IC]

The list includes 53 new names into the top 400 this year. Zhang Yiming, 33, CEO of Beijing ByteDance Technology, is the youngest of the list. His company's app aggregates content for China's many millions of smartphones. He debuts at No. 60, with a stake worth 4 billion US dollars.

Entrepreneurs in property development, Internet and manufacturing have witnessed greatest wealth surge over the past year.