Nine Dragons' Zhang Tops Hurun List of World's 20 Richest Self-Made Women

Zhang Yin, chairwoman of Nine Dragons Paper Holdings Ltd., topped a list of the world’s 20 richest self-made women, more than half of which call China home.

The 11 Chinese women, led by Yin’s $5.6 billion, averaged $2.6 billion, according to the Hurun Rich List 2010, released today. Doris Fisher, co-founder of clothing retailer Gap Inc., is the U.S.’s wealthiest and ranked eighth with $2.5 billion, according to Rupert Hoogewerf, founder and compiler of the list.

The number of Chinese individuals who have more than 1 billion yuan ($150 million) in personal assets rose 36 percent from a year earlier, according to the report, as the nation’s economy weathered the impact of the global recession. Women accounted for 153 of the country’s millionaires, all self-made, the report said.

“There is no other country that comes even close to touching the number of self-made women in China,” Hoogewerf said in the report.

Chinese with assets above 1 billion yuan totaled 1,363 as of Aug. 16 compared with 1,000 a year ago, according to the report. Fisher ranks behind five Chinese, Inditex SA co-founder Rosalia Mera of Spain and Russian billionaire Elena Baturina, wife of former Moscow Mayor Yuri Luzhkov.

Hangzhou Wahaha Group Co. Chairman Zong Qinghou was China’s richest man with about $12 billion, overtaking BYD Co. chairman Wang Chuanfu, who topped the list last year.

--Zhang Dingmin. Editors: James Gunsalus, Andreea Papuc

To contact the Bloomberg News staff for this story: Zhang Dingmin in Beijing at Dzhang14@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.