CHINA’S RICH­EST

Business Standard - - WORLD -

China’s newdig­i­tal barons are ris­ing. One ofits mostam­bi­tious global deal mak­ers is fall­ing. And a prop­er­ty­mogul who likes to bor­rowheav­i­lyis on top. Xu Ji­ayin — an en­tre­pre­neur be­hind China Ever­grande Group — has be­come the coun­try’s rich­est per­son, ac­cord­ing to a sur­veyre­leased on Thurs­day­byThe Hu­run Re­port. He re­placed Wang Jian­lin, a prop­ertyand en­ter­tain­ment power bro­ker. China’ s tech ty­coons — PonyMa ofTen­cen­tand JackMa ofAlibaba — were the sec­ond- and third in the sur­vey. The re­sults showan econ­o­my­fu­eled by­con­sump­tion and a vo­ra­cious ap­petite for real es­tate

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