Yang Huiyan,China's latest
richest woman owns
10,000,000,000 USDs value
share in her Hong Kong stock
exchange market listed
corporation called Country
Garden Holdings based in
Foshan City of Guangdong
Province. China's richest
woman is only 25 years old and
actually represent her family
to own the wealth. Her father
is the
more

Yang Huiyan,China's latest
richest woman owns
10,000,000,000 USDs value
share in her Hong Kong stock
exchange market listed
corporation called Country
Garden Holdings based in
Foshan City of Guangdong
Province. China's richest
woman is only 25 years old and
actually represent her family
to own the wealth. Her father
is the founder and big boss
behind her. Here is her
wedding video. Following is
from the reports of Forbes:
http://www.forbes.com/2007/04/
24/Yang...China's Richest,
Thanks To An IPO And Dad HONG
KONG - It sounds like a fairy
tale. Yang Huiyan, a
25-year-old woman, has
virtually overnight become the
richest person in China, with
a net worth of nearly $9
billion.Yang owes her great
fortune to the initial public
offering of Country Garden
Holdings, a real estate
developer run by her father
that posted sharp gains after
debuting on the Hong Kong
Stock Exchange last week.
Shares of Guangdong-based
Country Garden surged 35.1%
from the issue price of 5.38
Hong Kong dollars (69 cents)
to 7.27 Hong Kong dollars (93
cents) on Friday, following
strong demand from
institutional and retail
investors. The shares slipped
a modest 5 Hong Kong cents (1
cent), to 7.22 dollars (92
cents) on Monday.Having raised
$1.7 billion in the initial
public offering in Hong Kong,
Country Garden is now the
biggest developer in China,
with a market value of about
$15 billion. Yang's wealth
puts her far ahead of Yan
Cheung, chairwoman of Nine
Dragons Paper, as China's
richest person. Forbes
estimated Cheung's wealth at
$2.4 billion when our
billionaires list appeared in
March. Yang would also have
ranked as the world's
second-youngest billionaire,
behind Prince Albert von Thurn
und Taxis of Germany, and she
would be the youngest woman on
the list. Country Garden was
co-founded by Yang's father,
Yeung Kwok Keung. Her enviable
financial position has more to
do with his accomplishments
than hers. Yang holds a degree
in marketing and logistics
from Ohio State University.
She joined the family business
in 2005; that year, her father
transferred his shares in the
business to her, with the
intention of grooming his
daughter as his successor.
According to Country Garden's
offering prospectus, Yang
currently is an executive
director of the company,
overseeing procurement,
enterprise resources
management and development
strategies. In a statement on
April 10, Country Garden said
that Yang's ownership interest
is not bound by a trust or any
other arrangement with her
father or other family
members, and she has the
freedom to manage her assets
as she sees fit.Yang Erzhu,
another of the five founders
of Country Garden, has also
joined the ranks of China's
billionaires, thanks to the
IPO. He reportedly comes from
the same village as Yeung. His
10.2% stake is worth about
$1.5 billion. The wealth of
Yeung and Yang was hard to
track in advance of the
Country Garden offering. The
co-founders had shunned the
media, and, until a corporate
reorganization last year,
their investments were spread
across more than 30 entities,
including real estate
development companies, a theme
park, hotels, a decoration
business and a management
concern. People in Guangdong
Province are familiar with
Country Garden, which sold its
first project -- Bi Gui Yuan
-- in 1997 in Shunde, a city
on the outskirts of provincial
capital Guangzhou and one of
China's richest urban areas.
Over 10 years, the group has
accumulated about 19 million
square meters (7.3 square
miles) of land reserves by the
end of January. Nonetheless,
Yeung had managed to maintain
the lowest of low profiles
until he showed up in public
for a road show in support of
the IPO last month. The
52-year-old Yeung was born in
an impoverished village in
Shunde, reportedly never
wearing new clothes before he
was 17. He earned a living by
raising cattle and growing
crops before becoming a
bricklayer and contractor,
according to the Hong Kong
Economic Times. In 1992, Yeung
and several partners built
4,000 houses in a Shunde
development. Hit by a real
estate tax implemented to cool
down rising property prices
the next year, Yeung had a
hard time in selling the
properties. To solve the
crises, he built an
international school inside
the villa that eventually
attracted affluent Guangzhou
residents to the houses.Yeung
has a good relationship with
the local government and is
currently a member of the
Standing Committee of the
People's Political
Consultative Conference in
Foshan, one of the largest
cities in Guangdong Province.

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