Asia richest woman 2022

The accusations of fraud against a businessman who’s aligned his infrastructure empire to the government’s nation-building priorities has shaken confidence in India Inc. They’ve also put a new, harsh spotlight on the practices of the nation’s conglomerates relative to the expectations of Western financial centers. “The continued dominance of Adani and his peers, along with rapidly rising levels of crony capitalism and inequality, raise complex questions about the trajectory and sustainability of India’s long-term growth story,” said James Crabtree, executive director in Asia for the International Institute for Strategic Studies. Governance is a familiar issue for the region. Some families, like the Lees of Samsung Group, have already been through painful adjustments. After simplifying their corporate structure and with a yearslong leadership vacuum now resolved, the Lees’ fortune has rebounded $2.2 billion over the past year. Wealth $79.3bn Dhirubhai Ambani, the father of Mukesh and Anil, started building Reliance Industries’ precursor in the late 1950s. After Dhirubhai died in 2002 without leaving a will, his widow brokered a settlement between her sons over control of the family fortune. Mukesh is now at the helm of the Mumbai-based conglomerate, which owns the world’s largest oil-refining complex and has been expanding into tech, retail and green energy, with his children in charge of those different business units. He lives in a 27-story mansion that’s been called the ...

Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • Media • • • • • • • • • • Media Services • • • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • • Media • • Technology • • • • Businessweek • • • • Media Services • • • Bloomberg Cheng is the precocious heir to one of the city’s great fortunes, and he was all smiles that evening last month as he presided over a star-studded celebration at his most lavish creation — K11 Musea, his glitzy “cultural-retail” complex. The exhibit with French fashionista Carine Roitfeld was dedicated to the preservation of “savoir faire.” The story is similar for some of Asia’s other hyper-rich families. These dynasties, some going back six generations, know they need to rapidly transition to green tech and e-commerce. They’re eager to embrace the latest hot investments, whether it’s the metaverse or biotech — volatile sectors that could also turn into costly mistakes. The region’s 20 richest families have got $33 billion richer since the end of 2020, according to the Bloomberg Billionaires Index, even as the pandemic roiled the world for the second year. Their combined wealth now exceeds $495 billion — more than the gross domestic product of Hong Kong or Singapore. Wealth 90.3bn Dhirubhai Ambani, the father of Mukesh and Anil, started building the precu...

Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 per cent to $16.1 billion, down from $33.9 billion a year ago, according to the Bloomberg Billionaires Index. Ms Yang's fortune took a major hit on Wednesday when the Guangdong-based Country Garden's Hong Kong-listed shares fell 15 per cent after the company announced it would sell new shares to raise cash. Ms Yang inherited her wealth when her father — Country Garden founder Yang Guoqiang — transferred his shares to her in 2005, according to state media. She became Asia's richest woman two years later after the developer's initial public offering in Hong Kong. But she is now barely holding onto that title, with chemical fibres tycoon Fan Hongwei a close runner-up with a net worth of $16 billion on Thursday. Ms Yang is a majority shareholder in Chinese property giant Country Garden. ( AFP: Chen Junmin/Imaginechina) Chinese authorities cracked down on excessive debt in the property sector in 2020, leaving major players such as Evergrande and Buyers across the country, furious at lagging construction and delayed deliveries of their properties, have begun withholding mortgage payments for homes sold before completion. Read more While Country Garden has remained relatively unscathed by industry turmoil, it spooked investors with a Wednesday announcement that it planned to raise more than $490 million through a share sale, partly to pay debts. Proceeds from the...

Yang Huiyan, the majority shareholder in Chinese property giant Country Garden, has watched as her staggering wealth plummetted. Thanks to the real estate sector’s cash crunch, Yang’s net worth plunged by more than 52 percent from $23.7 billion to $11.3 billion a year ago, according to the Bloomberg Billionaires Index. Yang’s fortune took a major hit on Wednesday when the Guangdong-based Country Garden’s Hong Kong-listed shares fell 15 percent after the company announced it would sell new shares to raise cash. Yang inherited her wealth when her father — Country Garden founder Yang Guoqiang —transferred his shares to her in 2005, according to state media. She became But she is now barely holding onto that title, with chemical fibers tycoon Fan Hongwei a close runner-up with a net worth of $11.2 billion on Thursday. Yang Huiyan inherited her wealth from her father Yang Guoqiang, founder of Chinese real estate giant Country Garden. Fang xing – Imaginechina Chinese authorities cracked down on excessive debt in the property sector in 2020, leaving major players such as Evergrande and Sunac struggling to make payments and forcing them to renegotiate with creditors as they teetered on the edge of bankruptcy. Buyers across the country, furious at lagging construction and delayed deliveries of their properties, have begun withholding mortgage payments for homes sold before completion. While Country Garden has remained relatively unscathed by industry turmoil, it spooked investors w...

By India Today Web Desk: Asia’s wealthiest woman, Yang Huiyan, saw her wealth reduced to more than half this year, from nearly $24 billion to $11 billion, as China’s property crisis escalated, according to the Bloomberg Billionaires Index. The 41-year-old controls Country Garden Holdings, China's largest real estate developer by sales. Huiyan ‘s stake was largely transferred from her father, Yang Guoqiang, who founded the company in Foshan, Guangdong province, in 1992. Country Garden's stock lost more than half its value this year, as the country's real estate sector struggled with falling home prices, weakening buyer demand, and a debt default crisis that has engulfed some of its largest developers since last year, HUIYAN STILL THE RICHEST WOMAN IN ASIA Despite losing more than half her fortune, Huiyan still remains the richest woman in Asia, according to the However, the decline in her net worth has narrowed the wealth gap between her and fellow female billionaires in China, making Yang only some $100 million away from being surpassed by Fan Hongwei in wealth, the CNN report stated. Hongwei chairs the company Hengli Petrochemical, a chemical fiber producer. HOW DID THE REAL ESTATE CRISIS ESCALATE? In December last year, following months of liquidity issues, China’s most indebted property firm, Evergrande, defaulted on its US dollar bonds. Following this, several other major developers, including Kaisa and Shimao Group, also sought protection from creditors. A growing num...

Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday. Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion from $23.7 billion a year ago, according to the Bloomberg Billionaires Index. Yang's fortune took a major hit on Wednesday when the Guangdong-based Country Garden's Hong Kong-listed shares fell 15 percent after the company announced it would sell new shares to raise cash. Yang inherited her wealth when her father -- Country Garden founder Yang Guoqiang -- transferred his shares to her in 2005, according to state media. She became Asia's richest woman two years later after the developer's initial public offering in Hong Kong. But she is now barely holding onto that title, with chemical fibres tycoon Fan Hongwei a close runner-up with a net worth of $11.2 billion on Thursday. Chinese authorities cracked down on excessive debt in the property sector in 2020, leaving major players such as Evergrande and Sunac struggling to make payments and forcing them to renegotiate with creditors as they teetered on the edge of bankruptcy. Buyers across the country, furious at lagging construction and delayed deliveries of their properties, have begun withholding mortgage payments for homes sold before completion. While Country Garden has remained relatively unscathed by industry t...

Asia’s wealthiest woman Yang Huiyan lost more than half of her wealth following China’s property crisis. Huiyan, who controls China’s largest real estate developer Country Garden Holdings, saw her total wealth drop to $11 billion from nearly $24 billion last year. In fact, she lost more than $1 billion in just one day. Amid the crisis, Country Garden announced it would sell new shares to raise cash, following which its share fell 15%. In 2005, Huiyan inherited her father's stake in the real estate company, becoming one of the youngest billionaires on the planet. For the past five years she's been Asia's richest woman. Savitri Jindal is now Asia's richest woman With a dramatic fall in Yang Huiyan's wealth, Savitri Jindal now became Asia's richest woman. Jindal, 72, is India's richest woman and the 10th-richest person in the country of about 1.4 billion. Savitri Jindal, who never went to college and took over her husband's business only after his sudden demise, saw her fortune rise by $12 billion in just 2 years. In fact, her net worth has tripled more than 3 times in these last 2 years from $4.8 billion in 2022 to $17.7 billion in 2022. This was after it dipped by 50% in 2019 and 2020. From $8.8 billion in 2018, her net worth dropped to $5.9 billion in 2019 and $4.8 in 2020. Jindal entered 10 top clubs in 2021 when her net worth touched $18 billion in 2021. She has been considered the richest Indian woman for the past few years, according to Forbes. In India's richest women...