In October 18th, the Hurun Research Institute released the 2018 list of real estate entrepreneurs. Xu Jiayin topped the list with a wealth of 215 billion yuan. Yang Huiyan and Wang Jianlin ranked second and third with 135 billion yuan and 65 billion yuan respectively.
Compared with the previous ranking, 6 of the top 10 of the list were shrinking in wealth. Sun Hongbin, who lost 37% of his wealth, was the richest shrinker in the top 10, mainly because of the Lexus delisting crisis, leading to a drop in China's stock price. Hurun said that in the context of real estate financing in the control of tight channels, the market to lower the valuation expectations of real estate companies, resulting in a general decline in real estate prices.
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