(XINHUA)

Xu Jiayin, Chairman of Evergrande Group based in Guangzhou, Guangdong Province, hit the headlines in the press recently after Guangzhou Evergrande Football Club lifted the Asian Champions League trophy on November 9.

Evergrande purchased the team in early 2010. It has reportedly invested around 2 billion yuan ($328 million) in the squad, allowing it to lure top players and a world-renowned coach.

Xu was 13th on this year's Forbes China Rich List, with personal assets of 32.9 billion yuan ($5.4 billion), up from 30.9 billion yuan ($5.1 billion) last year.