Beijing — The 26-year-old daughter of a former bricklayer has become the richest person in China and the wealthiest woman in Asia.
The fortune of Yang Huiyan, estimated at $16.2 billion by Forbes magazine, enables the property developer from China’s Guangdong province to leapfrog Zhang Yin, the wastepaper magnate, to the top of the rich list. Her wealth derives from the property empire that her father founded.
China’s economic boom has fueled a rise in stock and property prices. Ms Yang’s fortune was boosted by her father’s decision to list his Country Garden Holdings on the Hong Kong stock market in April this year.
Her net worth was more than seven times that of last year’s richest Chinese, Huang Guangyu, an electrical appliance retailer who runs Gome stores nationwide and in Hong Kong. Full Story - Forbes Magazine - Marlboro Cigarettes - Bailey Banks & Biddle
The fortune of Yang Huiyan, estimated at $16.2 billion by Forbes magazine, enables the property developer from China’s Guangdong province to leapfrog Zhang Yin, the wastepaper magnate, to the top of the rich list. Her wealth derives from the property empire that her father founded.
China’s economic boom has fueled a rise in stock and property prices. Ms Yang’s fortune was boosted by her father’s decision to list his Country Garden Holdings on the Hong Kong stock market in April this year.
Her net worth was more than seven times that of last year’s richest Chinese, Huang Guangyu, an electrical appliance retailer who runs Gome stores nationwide and in Hong Kong. Full Story - Forbes Magazine - Marlboro Cigarettes - Bailey Banks & Biddle
