Sydney, Australia. 4 March 2015. Australian Treasurer Joe Hockey announced that there would be a forced sale of a $39million Point Piper mansion, Villa del Mare at 63-67 Wolseley Road, Point Piper as a foreign Chinese investor Xu Jiayin (who is China’s 15th richest person), purchased it illegally via his company, the Hong Kong-based Evergrande Real Estate Group and through an Australian shelf company. Credit: Richard Milnes/Alamy Live News

---

Size: 5760px × 3840px
Location: Villa del Mare at 63-67 Wolseley Road, Point Piper, Sydney, NSW, Australia
Photo credit: © Richard Milnes / Alamy / Afripics
License: Licensed
Model Released: No

Keywords: 63, 63-67, affluence, australia, australian, china, chinese, del, estate, evergrande, firb, foreign, group, hockey, illegal, illegally, investment, investor, jiayin, joe, mansion, mare, piper, point, property, real, rich, road, rules, sydney, treasurer, villa, wealth, wolseley, xu