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.
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