The richest individual in Asia is a 26-year-old Chinese woman whose wealth comes from a family company. Yang Huiyan’s father created Country Garden Holdings Ltd., a real estate development corporation, and its stock offering made billionaires of several of its primary investors. Yang’s total wealth is estimated at $16.2 billion.
The China list’s rankings change sharply from year to year, reflecting the rapid evolution of the booming economy, which expanded by 11.9 percent in the most recent quarter. This year, there were 20 new names among the list’s top 40 richest people, Forbes said.
It’s starting to look like the “Land of Opportunity” is not the United States, but Asia.
Richest person in China is 26-year-old woman [CNN Money]
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With the Beijing Olympics coming up, I think the world’s going to get a chance to see how much China has progressed and become a major world player. East Asia is where the major financial and investing action is now.