China's Richest Woman Just Became US$2 Billion Richer
A share surge at China’s largest developer, Country Garden Holdings —of which Yang Huiyan is vice-chairman and majority shareholder at 57%—brought Yang’s wealth up by a cool US$2.1 billion in just four days on January 5, skyrocketing her fortune to US$25.6 billion and making her China’s richest woman.
According to the Bloomberg Billionaires Index, she’s now the nation’s youngest billionaire at just 36 years old. Yang also chairs Bright Scholar Education Holdings, the largest operator of international and bilingual K-12 schools in China.
Yang’s father, Yeung Kwok-keung, co-founded Country Garden in 1992, which continues to benefit greatly from China's property market boom. In 2005, Yeung transferred his controlling stake in the company to his daughter “due to his intention to train Yang Huiyan as the successor of his family’s interest.”
On January 8, Country Garden's shares rose another 7.4%—it seems Yang's lucky streak isn't ending any time soon.