Yang Huiyan amasses US $ 6.1billion in 7 days of trading
Ohio State University graduate, Yang Huiyan, 36-year-old Chinese property developer and majority shareholder of Country Garden Holdings is the richest woman in China and the 4th richest female billionaire by net worth ( US $29.7billion) in the world. Yang Huiyan’s wealth up by $6.1 billion, in just seven days of trading this year alone equaled world’s richest person Jeff Bezos’s who added US $ 6.6billion. Yang Huiyan born in Shunde district of China.
China’s largest property developer by sales, thanks to a surge in the value of property shares as housing prices continue to rise in China’s second and third-tier cities. She topples Tencent’s Pony Ma and Alibaba’s Jack Ma out of top five.
Country Garden holding based in Beijiao, Guangdong Province, China owned by Yang Guoquiang’s family in 2011, was named one of Forbes Asia’s Fab Top 50 companies, with revenues to USD 20.8 billion. Country Garden has proposed the issuance of new dollar-denominated senior notes to institutional investors as China’s largest property developer by contracted sales seeks to pay off some of its existing debt and bolster its working capital. They have appointed J.P. Morgan and Goldman Sachs as global coordinators and J.P. Morgan, Goldman Sachs, BoC International and BNP Paribas as joint book runners and joint lead managers for the proposed issuance.