DALIAN, China -- It wasn't that long ago that China's real estate sector produced many of the country's top billionaires. But their fortunes have fallen with the country's property market, while entrepreneurs taking their brands global have soared.
Xu Jiayin, the founder of the embattled China Evergrande Group, also known as Hui Ka-yan, plunged from third in 2019 to No. 268 this year in Shanghai-based Hurun Research Institute's latest ranking.
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