The 5 billionaires competing to be China’s richest woman: from Country Garden’s Yang Huiyan to Zhou Qunfei, whose tech start-up supplies Apple, Samsung and Huawei
It is also home to the most self-made entrepreneurs who are women in the world. Based on research by the Hurun Research Institute, China currently has a total of 85 female billionaires. These are five women – not all of them self-made – jostling for the position of richest woman in China.
With a net worth of some US$34 billion credited to her and family, 39-year-old Yang Huiyan – the vice-chairwoman of Chinese real estate firm Country Garden – easily takes the crown as the richest woman in China. And this is not the first time Yang has been given the title. All the way back in 2007, Yang was pronounced the richest woman in the country after her farmer-turned-entrepreneur father transferred 70 per cent of the company’s shares to her, making her the majority shareholder of the business he founded.
As the chairman and general manager of Hengli Petrochemical, 54-year-old Fan Hongwei comes close behind Zhong Huijuan with a predicted net worth of US$15.3 billion at the time of writing. Fan and her husband revived a failing textile factory after purchasing it with US$500,000 in loans and grew it into the biggest fibre producer in China, currently known as Hengli Petrochemical. She was listed as one of the 50 top CEOs in China last year by Forbes.
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- Elon Musk and Jeff Bezos may be the world’s richest men, but take a look at the list of richest women and you’ll see two Chinese tycoons right at the top
- Longfor Properties’ Wu Yajun toiled in a factory before working her way to a US$18 billion fortune, while Hengli Petrochemical’s Fan Hongwei made it in textiles