Tuesday, 09 October 2007

Richest person in China

I heard this morning on 702 that the richest person in China is a certain 26 year property developer! I consider that an amazing achievement.

I decided to do a little research and this is part of what Forbes reports

"BEIJING (XFN-ASIA) - A 26-year-old female property developer tops this year's Forbes list of the richest people in China, grabbing the number one spot with a net worth of 16 bln usd, the US magazine said.

That amount also makes Yang Huiyan the richest woman in Asia, according to a statement from Forbes.

All the 40 people on Forbes Asia's 2007 China Rich List are billionaires, compared with only 15 last year, it said, attributing the rise to a boom in the nation's stock and property markets.

Their combined net worth is 120 bln usd, up more than three times from last year's 38 bln usd, it said.

Yang is one of more than a dozen property developers to make this year's list of the 40 richest, reflecting roaring demand for homes and real estate investments, according to Forbes...."


Of course some of my work colleagues were not too impressed... "The money must have come from her parents"

Well, her dad is in the property business as well so maybe there's some truth in that.

Am currently reading "Poor no more" by Tracey Davenport so am sure I could learn one or two things about how others make it. Not that I desire to be on any of Forbes' lists...;)

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