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2007 Oct 12 The Whole Pie in the Sky

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Mao Zedong, who coined the phrase “women hold up half the sky,” sure hit the nail on the head – especially given these heady days in China, when women hold up a heck of a lot more than that.

AP reports that this week Forbes unveiled its annual Chinese mainland rich list, and topping the rankings for 2007 is Yang Huiyan, the 26-year-old daughter of a self-made real estate magnate from Guangdong province, whose inheritance in daddy’s company, Country Garden Holdings Co. (which recently floated on the Hong Kong stock exchange), is worth USD 16 billion.

Yang takes over the top spot from last year’s richest person, 36-year-old Gome home electronics store founder Huang Guangyu, and replaces Nine Dragons Paper founder Zhang Yin as Asia’s richest woman. According to AP, number two and number three on the list are also real estate tycoons (who this year total twelve in all out of the top 40), and every single person in the top 40 are billionaires (up from just 15 last year). Beijing real estate mogul Zhang Xin, who is married to Pan Shiyi, also made the list at number seven after listing Soho China on the Hong Kong stock exchange.

Yang is also now the world’s second-youngest billionaire, just three years older than 23-year-old German aristocrat Albert von Thurn and Taxis, whose net worth is a measly USD 2 billion.

As for the bespectacled chap with the ear-to-ear grin in the picture above taken from www.gouzai.cn – he is the son of a government official who married the heiress in a ceremony down south last year, which was reported earlier this year in Southern Metropolis Weekly and the China Daily. Sorry fellas.

As for the rest of you, back to your paltry, low-paying toils.

Links and Sources:
Forbes.com:
http://www.forbes.com/facesinthenews/2007/04/24/Yang-China-billionaire-f...
Forbes Rich List:
http://www.forbes.com/2007/03/07/billionaires-worlds-richest_07billionai...
USA Today:
http://www.hiddenpenguin.info/index.php?q=uggc%3A%2F%2Fjjj.hfngbqnl.pbz%...
China Daily:
http://www.chinadaily.com.cn/china/2007-04/29/content_863758_4.htm
Wikipedia:
http://en.wikipedia.org/wiki/Yang_Huiyan
IHT:
http://www.iht.com/articles/2007/04/20/news/ipo.php

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