A Chinese businessman made a fortune at $9 billion in a few days
Shares owned by the billionaire developer rose sharply after the company announced that its unaudited net profit for the first half of 2017 will be three times more than in the previous year.
Shares of the largest Chinese developer Evergrande Group (turnover of $14.6 billion, No. 347 in the list of the world’s largest companies in the global rating Forbes) rose by more than 34%.
This ensures that the status of the owner of Hui Kangwane (No. 128 in the global ranking of Forbes and No. 9 among the richest people in China according to the latest ranking) increased by $8 billion as of July 27, to $29.9 billion Today quotes continued to rise, and as of July 31 are estimated at $30.9 billion, according to data from Forbes Real Time. This means that from July 25 it has increased by $9 billion.
So now he is the third richest person in China, the first places are occupied by Alibaba founder Jack MA $36.2 billion and MA Huatan, the founder of telecommunications company Tencent, $35.4 billion.
Since the beginning of the year, the shares of Evergrande Group rose by 393%, and the Hui Kangwane — made a fortune of $24.5 billion At the end of 2016, his fortune was estimated at $9.8 billion, at the time of publication of the ranking of the richest people in the world by Forbes — of $10.2 billion
The increase in stock prices occurred after the publication of statements according to which the unaudited net profit for the first half of 2017 will be three times more than in the previous year. Evergrande motivated the application of the increased average sales price and a larger area of square meters, which, according to them, was the main reason for profit growth. In addition, Evergrande group also noted that the company pays its debt, which according to them, will increase the dividends paid to shareholders.