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| Female Entrepreneur Tops China's Rich List |
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For the first time a female entrepreneur has topped a list of
"She’s the wealthiest self-made woman in the world," said Rupert Hoogewerf. He set up the listing, known as the Huran Report, in 1999. According to him, Zhang is richer than the Zhang Yin was born to the family of a solider in northeast She dealt with financial hardship, cheating business partners and intimidation from local criminals to build up her wealth in the subsequent five years before moving to the In 1996 she set up the Nine Dragons Paper Industries Co. Ltd. in Dongguan of Guangdong. Her product is now used by multinational companies like Coca Cola, Nike, Sony, Haier and TCL. Zhang deems luck as the most important factor in her success and indicates that a down-to-earth personality has helped her career. In second place is Huang Guangyu of Huang started his career with a roadside stall in In third place is 47-year-old Zhu Mengyi, CEO of the Hopson Development Holding Limited, with 16.5 billion yuan (US$2.06 billion). After graduating from a middle school he built up his fortune after being a foreman in a township in Of the 500 on the list 35 are female which is seven percent of the total. The latest listing suggests women are showing an increasing talent for business, Hoogewerf said. Six people in the top ten are involved in real estate and four are from southeast People are getting rich more quickly, said Hoogewerf. He explained that last year the person ranked No. 400 on the listing had 500 million yuan (US$62.5 million) while this year the person in that position had 800 million yuan (US$100 million). (Xinhua News Agency October 12, 2006) |
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