Sep 19, 2013

    Big jump in China's female billionaires

    MS YANG Huiyan, 32, has become China's richest woman of 2013 with a fortune of 51 billion yuan (S$10.5 billion), according to Hurun China's Women Rich List 2013, released by the Hurun Research Institute in Shanghai on Tuesday.

    More than half of the world's richest self-made female entrepreneurs are from China, said the report.

    Mr Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, the Shanghai-based magazine that publishes the list, said the big jump in the number of female billionaires shows that China is providing a good business environment.

    "Rich female entrepre- neurs in China are no longer just a Chinese story. Instead, it is a global story as rich females in China are having increasing global recogni- tion," said Mr Hoogewerf.

    Ms Yang is the daughter of the founder of real-estate developer Country Garden. She was ranked first on the list in 2007, when she took over her father's stock holdings.

    Ms Chen Lihua, chairman of Fu Wah International Group, ranked second with a fortune of 37 billion yuan.

    Ms Wu Yajun, who was No. 1 on the 2012 list, ranked third this year. Her wealth shrank due to assets split after a divorce.

    On the 2013 list, 17 female billionaires have personal wealth surpassing 10 billion yuan, three more than last year.