Updated On: 13 October, 2017 09:39 AM IST | Hong Kong | Agencies
<p>Named the richest man in China on Thursday with a net worth of $43 billion, property tycoon Xu Jiayin is likened by some media to Donald Trump, having built his fortune on a real estate business that has blossomed under a mountain of debt</p>

Named the richest man in China on Thursday with a net worth of $43 billion, property tycoon Xu Jiayin is likened by some media to Donald Trump, having built his fortune on a real estate business that has blossomed under a mountain of debt. The 59-year-old Xu's China Evergrande Group has a market value of $47 billion, although its total debt stands at more than $100 billion.

Xu Jiayin. Pic/AFP