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Xu Jiayin, the head of the Zhenjiang Foundation, was recently detained by the police on suspicion of being in debt of up to 2 trillion yuan, and after the incident, Xu Jiayin, who was once the top of the rich list, became a hot topic on social media for a while.
Originally, it was rumored that his debt was 1 trillion yuan, but now it has been confirmed that it far exceeds this number, and what is even more surprising is that he actually transferred 50 billion yuan of funds privately, and divorced his wife in disguise, transferring all his property to her. At the same time, he also set up a huge trust fund for his son, even after a hundred years, to ensure that future generations can have food and clothing.
All kinds of actions are shocking, but perhaps, all this has been in Xu Jiayin's plan several years ago. First, he divorced his wife, quietly paid her hundreds of millions of divorce fees, and then his wife and children were sent abroad to lay the groundwork for future concealment.
When the transfer was complete, he set up a trust fund with $5 billion to ensure that his son's wealth would not quickly deplete. All this shows the thoughtfulness of Xu Jiayin's plan.
What is surprising is that outside the public eye, Xu Jiayin is still a strange and luxurious figure.
He even stipulated that the humidity of the hotel room must be kept at 60%, and was rumored to have had affair with many female stars, and cultivated his own song and dance troupe, and each member of the team was tall, with big eyes and long legs, which was dazzlingly beautiful.
As for Xu Jiayin's children, they also have their own unique attitude to life. The eldest son, Xu Zhijian, a graduate of Tsinghua University and now a vice president of Evergrande, is a mystery whether he knew what his father had done.
The incident of Evergrande's unfinished building has also attracted people's attention, does he not know about it? Perhaps he had already been included in his father's careful plan.
In contrast, the second son, Xu Tenghe, is more of a hedonist.
With a Harvard degree, he lived a luxurious life surrounded by famous cars, private yachts, luxury goods and beautiful women. He unabashedly pursues material luxury.
And Xu Jiayin's daughter Xu Xiyun has always remained mysterious. She rarely appears in the public eye, but she has caused controversy by showing off her wealth on the Internet.
In 2022, Evergrande is 2.4 trillion yuan in debt, and countless families are involved in it, but Xu Xiyun unabashedly shows off her wealth on the Internet, driving a global limited edition Guanggang Big Snake sports car, claiming to be Xu Jiayin's daughter.
This move made people outrage.
It is clear that her father owes such a huge debt, and it is clear that the property he built has evolved into a rotten building, but he shows off his luxurious life on the Internet. It is inevitable that people will wonder, is Xu Jiayin really out of money? Xu Jiayin's children have their own characteristics, but they cannot hide the unique temperament of the entire family.
Xu Jiayin's detention now has drawn attention to the whereabouts of the 50 billion yuan. Xu Jiayin's financial turmoil has also affected a large number of families.
In order to gain Evergrande's reputation, more than one family bought a house, but in the end it turned out that everything was just a fantasy.
Their hard work came to naught, and not only wasted decades of savings, but also owed huge loans to banks.
This catastrophic upheaval has led people to rethink the nature of wealth. Perhaps wealth, like water, cannot flow in one place forever, and the prosperity of the family may disappear in an instant.
Xu Jiayin's deeds have become a microcosm of the times and remind us to cherish and protect wealth.
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