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Heiress goes top of richest women list
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Yang Huiyan, 32, heiress to property developer Country Garden, has retaken the title of the richest woman on the Chinese mainland from Wu Yajun, 49, also a real estate tycoon, in the 2013 Hurun Research Institute’s Richest Women in China list.
It has been five years since Yang last topped the list of 50 mainland women.
As of August 15, Yang’s wealth had risen 60 percent to 51 billion yuan (US$8.3 billion) compared to last year when she ranked 11th.
Country Garden, in which she and her family hold a 58 percent stake, achieved a more than 20 percent increase in revenue and a 17.9 percent growth in profits last year.
Though Longfor Properties also did well financially, Wu, its co-founder, now ranks third. Her wealth dropped 26 percent to 28 billion yuan after her husband and business partner Cai Kui was said to have taken some 20 billion yuan worth of her assets last November in a divorce settlement.
One out of four women on the list are involved in real estate, a sector that has enjoyed a good year despite official measures to cool rising home prices.
Second on the list this year, and also from the real estate sector, is Chen Lihua, of Fu Wah International, who also replaces Wu as the richest self-made woman in the world, holding 37 billion yuan in personal assets.
Hurun said that more than half of the world’s richest women entrepreneurs, those with more than US$1 billion in assets, are from China this year, and three of the top five and six of the top 10 are from the mainland.
Hurun said 66.7 percent of the women on the list made their money from self-started or co-founded businesses.
Hurun’s Rupert Hoogewerf said: “This generation of Chinese women entrepreneurs have not only earned themselves a high status in their country, but also secured an unshakable position at the global stage.”
The cut-off point for China’s richest women list rose 28.5 percent this year to a record 3.6 billion yuan, driving average wealth up 9.1 percent to 9.6 billion yuan.
Guangdong Province, birthplace of five women on the list, is the biggest cradle for China’s female billionaires.
The southern province is home to 17 listed women’s companies, more than any other region on the mainland. In both cases, Beijing ranks second, followed by Shanghai in third place.
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