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]
Updated June 20, 2014 and originally published October 8, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.