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#30 Yang Huiyan $26.2B

Random fact: Graduated with a bachelor's degree from Ohio State University.

Overview

Yang controls Country Garden Holdings, a Chinese real estate developer that builds properties and manages hotels throughout the country. Yang's father co-founded Country Garden in 1992 and transferred his stake in the company to her in 2005. The Foshan-based business had revenue of 227 billion yuan ($33.6 billion) in 2017.

As of May 22, 2018:
Last change -$559M (-2.1%)
YTD change +$2.67B (+11.3%)
Industry Real Estate
Biggest asset 2007 HK Equity
Citizenship China
Age 36
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Yang Huiyan's net worth of $26.2B can buy ...

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of U.S. existing home sales
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Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Yang's wealth is derived from a 57 percent stake in real estate developer Country Garden Holdings, according to an April 26, 2018 Hong Kong stock exchange filing. 

The Foshan, China-based business is located in Guangdong province and trades publicly in Hong Kong. She owns her stake in the company, which was co-founded by her father in 1992, through three holding companies based in the British Virgin Islands: Concrete Win, Golden Value Investments and Genesis Capital Global.

The value of her cash investments is based on these proceeds as well as insider transactions, taxes, market performance and charitable giving.

Karen Tse, a spokeswoman at Country Garden's external public relations agency IPR Ogilvy, declined to comment on Yang's wealth.

Biography

Birthdate: 9/1981
Family: Married, No children
Education: 2003, Ohio State University/The, Bachelor's Degree

Yang Huiyan was born in 1981, in Shunde, in China's Guangdong province. She was five years old when her father, Yang Guoqiang, started working as a general manager of a local construction company. At the time, China was in the middle of a massive urbanization boom sparked by economic reforms introduced in 1978 that boosted incomes and demand for apartments.

Buoyed by the rising fortunes of the world's most populous country, Yang Guoqiang, who's usually known by his Cantonese name Yeung Kwok Keung, co-founded Country Garden Holdings in 1992. The company's activities include developing and managing residential properties and running hotels in dozens of cities across China. Yang Huiyan grew up with the company, attending her father's board meetings since she was a teenager.

The billionaire inherited her father's controlling stake in the company in 2005, after her older brother died, according to the South China Morning Post. She was 23 and two years out of Ohio State University, where she earned a degree in marketing and logistics. Her father hired her as his personal assistant, where she worked on development strategies, investment planning and project planning. She acquired stakes in the company from the three other co-founders in 2006..

Yang became China's richest woman at age 25, after Country Garden raised $1.65 billion in a Hong Kong initial public offering in April 2007. The share sale attracted several billionaire investors, including Lee Shau Kee, Cheng Yu-Tung and Robert Kuok.

Yang's younger sister, Ziying, is also an executive director of Country Garden.

Milestones
  • 1981 Born in Shunde, Guangdong province.
  • 1992 Father, Yang Guoqiang, starts real estate development business.
  • 2003 Graduates from Ohio State University with a bachelor's degree.
  • 2005 Joins Country Garden as a procurement department manager.
  • 2005 Becomes controlling shareholder after father transfers stake.
  • 2006 Starts to serve as executive director of Country Garden.
  • 2007 Company sells shares in a Hong Kong initial public offering.
  • 2008 Receives "China Charity Award Special Contribution Award."
  • 2008 Sister Yang Ziying joins company as an assistant to the chairman.
  • 2008 Gives $1.6 million to children who lost parents in Sichuan earthquake.