Fortune: $5.6 billion
Company: Country Garden
Yang Huiyan (inset) is the second wealthiest woman in mainland China and the youngest billionaire on the top 10 list.
The 30-year-old inherited almost all of her wealth from her father Yang Guoqiang (pictured), a farmer turned property developer, when he transferred his 70 percent stake in the company he founded — Country Garden — to Huiyan in 2007 before its Hong Kong IPO. The initial public offering raised about $1.65 billion for the real estate development firm, which made billionaires of its five shareholders. Huiyan was named Asia’s richest woman in the same year by Forbes Magazine with a net worth of $16 billion.
The heiress is a graduate of Ohio State University and married the son of a top Chinese official in 2007. Huiyan’s father remains the chairman of Country Garden, which is based in the South China Sea coastal province of Guangdong.
The company was founded in 1997, and builds high-end residential properties. Investing in China’s rapidly developing real estate sector has proved to be a lucrative venture for the country’s super rich. At least five of the top 10 richest people in China are involved in the property sector.