China’s richest woman Yang Huiyan added $6.1 billion to her wealth in just seven days of market trading, trailing only Amazon.com Inc.’s Jeff Bezos in growing her fortune this year.
Yang, the controlling shareholder of Country Garden Holdings Co., found her wealth surge to $29.7 billion by Jan. 10 as stocks of her real house company rose, in line with the Bloomberg Billionaires Index. Bezos added $6.6 billion this season to bring his lot of money near $106 billion, the report show.
China’s real property estate boom has crammed the coffers of a few of the country’s biggest tycoons lately, including Hui Ka Yan, the chairman of developer China Evergrande Group, and Wang Jianlin, who leads Dalian Wanda Group Co. Yang is quickly concluding the distance with Evergrande’s Hui, whose riches is predicted at $39.3 billion, and has overtaken Wang’s $28.7 billion to ranking as the fourth-richest person in China.
Country Garden’s stocks increased 24 percent this year through Jan. 10, before paring some increases on Thursday. The stocks have significantly more than quadrupled before the season, amid eye-popping increases for big Chinese language developers.
The 36-year-old Yang is China’s youngest billionaire, in line with the Bloomberg Billionaires Index. In 2005, her dad Yang Guoqiang moved his controlling stake to her “due to his objective to teach Yang Huiyan as the successor of his family’s interest” in the group, Country Garden said in its 2007 primary general public offering prospectus.