Evergrande Group: Xu founder’s personal wealth $ 500 million: yachts, jets, villas
China real estate
China Evergrande
Last month, it sold two private jets.
Raised more than 50 million dollars (5.7 billion yen).
Avoided defaults for dollar-denominated bond interest payments.
Sold two “Gulfstream” aircraft:
Evergrande China sold two “Gulfstream” aircraft last month.
The smallest of the jet planes I own.
“ACJ330” will also be sold:
Currently, Airbus’ wide-body aircraft “ACJ330” is being advertised for sale.
Purchased by China Evergrande a few years ago for $ 220 million.
“ACJ330” is stored at Hong Kong International Airport.
Total debt at the end of June:
China’s total debt is $ 300 billion as of the end of June.
This includes $ 20 billion in dollar-denominated bonds.
Evergrande of China will be due for interest payments on corporate bonds one after another next week.
Bloomberg
Analyzed by billionaire index
Since Evergrande’s listing in Hong Kong in 2009, Mr. Xu has received more than $ 7 billion in dividends.
Mr. Xu’s high-value assets:
Mr. Xu has an estimated $ 485 million in luxury goods.
Includes yachts, company jets, and mansions in the name of Mr. Xu himself and Evergrande affiliates.
Yacht:
In 2016, Mr. Xu purchased a superyacht “event” through Sky Great, which was established in the Cayman Islands.
According to data company Bethel’s Value
It’s worth $ 45.1 million.
As of October 29, the yacht was moored at a port in Tuen Mun District, Hong Kong.
jet:
The total value of the three aircraft is estimated to be $ 236 million.
Housing:
Mr. Xu’s affiliate owns two mansions in the peak district of Hong Kong.
Its value is estimated to total $ 204 million.
others:
According to the Bloomberg Billionaire Index
Mr. Xu’s stake in China Evergrande and its affiliates is worth $ 3 billion.
Evergrande’s stock price has fallen by more than 55% since the beginning of the year.
“Guangzhou FC”:
Professional soccer club “Guangzhou FC” still owned by Evergrande
Currently seeking government support to survive.
World view of Toshiyoshi Katsumata
http://hisayoshi-katsumata-worldview.com/archives/27852126.html
Evergrande Sold Two Private Jets to Help Control Huge Debts:
Struggling Chinese property developer
Evergrande sold two of its private jets for more than $50 million in October amid its struggles to control its huge debts,
The Wall Street Journal reported Friday.
The two Gulfstream jets
were bought by American aircraft investors,The Journal said, citing people familiar with the matter and a business aviation database.
Evergrande’s debt pile
is $300 billion and the company faces a series of imminent bond payments, Insider’s Lina Batarags reported Monday.Analysts have warned that
a collapse of Evergrande would harm the global economy.Sales of the two jets closed in October, around the time Evergrande made two last-minute bond-interest payments of $83.5 million and $45.2 million,
The Journal reported
Evergrande Creditors Eye Megayachts, Private Jets, Mansions (1)