There's a new face at the top of China's wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande (EGRNF), is now the country's richest man after his wealth ballooned to $43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%.
