Chinese woman makes more than $2b in four days

Chinese woman makes more than $2b in four days
Photo credit: Getty.

The wealthiest woman in China has increased her already staggering fortune by NZ$2.5 billion in four days. 

Yang Huiyan, China's youngest billionaire, is now estimated to be worth $NZ34 billion, after a surge in share prices for her company, Country Garden Holdings Co.

The 36-year-old is already the richest woman in China and according to the Bloomberg Billionaires index, she is the 29th richest person on the planet. 

Country Garden is China's largest property developer by sales and the surge in their stock value occured in just the first four trading days of 2018.

Her father Yang Guoqiang, often known by his Cantonese name Yeung Kwok Keung, co-founded Country Garden in 1992.

In 2005, he transferred his controlling stake of the company to Ms Huian, "due to his intention to train Yang Huiyan as the successor of his family's interest".

China's economy has boomed in the past decade, with Forbes magazine estimating that economic growth in China represents up to 30 percent of global GDP growth in 2017. 

Newshub. 

Contact Newshub with your story tips:
news@newshub.co.nz