History has been made in Asia as Hui Ka Yan is now the richest person in Asia as of 7:50am WAT according to Forbes.

Ma Huateng "Pony Ma" of Tencent Holdings and Jack Ma of Alibaba were exchanging positions for the richest in Asia yesterday.

However, at the open of the Hong Kong Stock Exchange Market today, a 0.54% surge in the price of Evergrande Group Stock has placed the real estate tycoon above them.

As of May 31st, 2017, Hui Ka Yan owns 77.79% of the publicly quoted company and the public float is now at its minimum.

China Evergrande Group is a property developer that's built more than 500 projects in 180 Chinese cities.

Nobody in the world has had a better year than the real estate tycoon who has gained about $29.6B this year after Evergrande Group stock surged over 586%.