China Tycoons Lost More Than $100 Billion in Housing Collapse

The rise of China’s housing market over the past few decades was responsible for one of the greatest waves of wealth accumulation in history, minting dozens of billionaires and landing at least 10 of them in the ranks of the planet’s 500 richest people. The collapse in Chinese real estate in recent years has been equally efficient—at wealth destruction, erasing more than $100 billion from the fortunes of those tycoons. Here’s where some of them have landed.

Illustration: Hanneke Rozemuller for Bloomberg Businessweek

Hui Ka Yan

China Evergrande Group

Year founded: 1996
Role: Founder and chairman

Hui, who once had virtually unlimited clout ...