Female Chinese Billionaires Focus On Real Estate and Finance

Hurun Research Institute released the "2014 Hurun China's Women Rich List" on October 21, which shows that female Chinese billionaires focus primarily on the real estate and financial industries.

Hurun Hoogewer, chairperson and chief researcher, said, "In fact, the list of wealthy women is different from other lists; China's richest woman pay more attention to real estate and financial investment real estate; we can see that 28 percent of China's richest women primarily made their money in the real estate industry, while in the overall list this total is about 20 percent. Fourteen percent of women in the list are in the finance industry, but in the big list the percentage is lower than 10 percent. Many male billionaires are in the manufacturing industry but there are fewer women in this industry, around half the number of men. Women pay more attention to the healthy food and nutrition industry, and clothing, accounts for 11 percent."

Hurun Hoogewer said: "The Rich List's significance is that we can be aware of the private economy, but if you want to really understand the real detail then you have to re-analyze them. So we constantly make sub-lists. Today we made a list of ​​the richest women, and we put out a separate sector for women entrepreneurs, hoping we will find out these female entrepreneurs and male entrepreneurs' characteristics and differences, so I think it means that we can have more detailed information to get to know China's richest women, about their characteristics."

According to the list, many women billionaires are self-made, and the inheritance ratio is actually very small.

Hoogewer then analyzed the locations of this year's richest Chinese women, "We can see the location of these women. A lot of them are working in Shenzhen, used to be Beijing, of course, and now Shenzhen is the city that reflects the most of Chinese female entrepreneurs. We can also look at this from the age perspective."

Women on the list are 48 years old on average, 5 years younger than overall rich list and 6 years younger than the male list. 70 percent of them are self made, out of 50 individuals 35 started from scratch, which is great. Especially this year a self-made woman who was born in the 80s made it into the top 50.​​

The list shows that 33-year-old Yang Huiyan, with 44 billion yuan (U.S. $7 billion), is once again the richest woman in China, and that 73-year-old Chan Laiwa of China's real estate group Fu Wah topped the self made rich list with 40 billion yuan (U.S. $6.1 billion) and 57-year-old Zhang Yin comes in third with 29 billion yuan (U.S. $5.1 billion).

Ji Kaiting, the daughter of Logan Property Board Chairperson Ji Haipeng, comes in at the 25th place with 8 billion yuan (U.S. $1.3 billion), and is the only woman on the list who was born after the 1990s.

Seventeen female billionaires are worth more than 10 billion yuan (U.S $1.6 billion), the same as last year. Fifteen of them are new to the list, an increase of four over last year. The average age of the rich women on the list is 48 years old, the same as last year.

(Source: news.ifeng.com/Translated by Women of China)