China’s onetime richest man has lost everything but creditors are still owed $300 billion

Fortune•Fri, Aug 21, 2026, 01:40 PM•2 min read

A court accepted a liquidation against Evergrande’s property development unit a day after 67-year-old founder Hui Kan Yan was sentenced to life in prison.

Source: [Fortune](https://fortune.com/2026/08/21/evergrande-china-founder/)

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