China's richest woman loses spot
By Li Qian |
November 21, 2012, Wednesday
|
Print Edition
Print Edition
WU Yajun is no longer China's richest woman after transferring about 40 percent of the developer's shares the couple used to own to her ex-husband, Bloomberg News reported.
Wu, 48, co-founder and chairwoman of Longfor Properties, split with husband Cai Kuichao in an August divorce that cost her company shares worth over HK$20 billion (US$2.58 billion), media reports said yesterday.
Wu said that on her road to success, she had sacrificed her husband, who was not among her top two priorities.
"My husband might feel unsatisfied with me," she told a business magazine, China Entrepreneur.
"Female entrepreneurs always face choices. For me, I place my career first, place my daughter second and the third is my husband. Once I made my choice, I started focusing on my business," she said.
"My husband must regret having said, 'Whatever you do I will support.' He never expected such huge costs," she said.
Wu topped the 2012 Hurun List of Self-Made Women Billionaires with a net worth of 38 billion yuan (US$6 billion) before her divorce. Her current net worth is estimated at US$4.2 billion.
The businesswoman started her real estate empire in 1994 when she quit working in journalism.
Yang Huiyan of Country Garden Holdings Co, daughter of the founder, is now China's richest woman with a US$5 billion fortune, according to Bloomberg.
Wu, 48, co-founder and chairwoman of Longfor Properties, split with husband Cai Kuichao in an August divorce that cost her company shares worth over HK$20 billion (US$2.58 billion), media reports said yesterday.
Wu said that on her road to success, she had sacrificed her husband, who was not among her top two priorities.
"My husband might feel unsatisfied with me," she told a business magazine, China Entrepreneur.
"Female entrepreneurs always face choices. For me, I place my career first, place my daughter second and the third is my husband. Once I made my choice, I started focusing on my business," she said.
"My husband must regret having said, 'Whatever you do I will support.' He never expected such huge costs," she said.
Wu topped the 2012 Hurun List of Self-Made Women Billionaires with a net worth of 38 billion yuan (US$6 billion) before her divorce. Her current net worth is estimated at US$4.2 billion.
The businesswoman started her real estate empire in 1994 when she quit working in journalism.
Yang Huiyan of Country Garden Holdings Co, daughter of the founder, is now China's richest woman with a US$5 billion fortune, according to Bloomberg.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
