Guangdong Woman, with RMB 44 Billion, Named China’s RichestPosted: 10/22/2014 8:55 am
Yang Huiyan, a 33 year-old woman from Shunde, Guangdong, was voted the richest woman in China for the fourth year in a row by Hurun Research Institute, reported Nandu. Hurun valued Yang’s net worth at a whopping RMB 44 billion ($7.2 billion).
A majority shareholder of her father’s real state company, Country Garden Holding, Yang has nabbed the title more than any other woman in the nine years Hurun has published the rich list. Most of the other women on the list come from the property and financial sectors, accounting for 28 percent and 14 percent, respectively.
Guangdong is home to four of the 50 women on the rich list, Hurun said. The list’s threshold is RMB 5 billion, a 36 percent increase over last year, while the median average wealth for all women on the list is RMB 10.9 billion, a 14 percent jump over the previous year.
While the wealth of China’s richest women is no doubt impressive, it’s still disproportionately lower than the wealth of their male counterparts. Hurun’s wealth threshold for men is RMB 20.5 billion and the median average was RMB 45 billion, more than four times that of women.
Shenzhen and Beijing remain the two most friendly cities for female entrepreneurs, each producing nine women on the list, followed closely by Shanghai.
The title of the country’s second richest woman went to Chan Liwa, president of Fu Wah International Group.
Photos: Red Luxury