Remember that name. She is 25 years old, and she is the richest person in China.
Her father, Yang Guoqiang, is the founder of Country Garden, a real estate development company that went public yesterday in Hong Kong, raising $1.6 billion. Guoqiang gave all of his shares in the company to Huiyan, who is slated to take over leadership of the company in the future.
According to the NYT, Country Garden "is a virtual assembly line of home building for China's raidly growing middle class. Mr. Yang's genius is that he has a created a Wal-Mart approach to housing development for the middle class."
Talk about a growth company!
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1. Posted by KipEsquire on April 21, 2007 @ 2:17 | Permalink
"And then there are the real estate barons, who have often used their political connections to get access to cheap land, only to see land and housing prices soar as the country’s increasingly wealthy look to purchase their first homes."
Same as it ever was where China is concerned -- "capitalism" is actually only for the Communist elites.
2. Posted by Jake Ludington on October 8, 2007 @ 14:40 | Permalink
As of the release of the Forbes 40 Richest Chinese people, Yang Huiyan remains #1 at 16.2 billion dollars. Interesting that Baidu co-founder Robin Li only came in at #21 on the list and virtually no other Internet companies are in the top 40..
3. Posted by john on October 8, 2007 @ 17:18 | Permalink
I found Yang Huiyan upskirt video here: http://aduvid.com/video.php?v=Yang_Huiyan_nude
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