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.