Yang Huiyan is 26 and She's Got $16 Billionposted by MR WAVETHEORY at 10/08/2007 01:44:00 PM
Yang Huiyan is the daugher of a rice farmer turned real estate tycoon. She's 26 years old and she's got $16 billion. In case you were wondering, she's married! That's the photo of her and her groom at a wedding ceremony. Sorry dudes! You missed the wedding in April!
Yang's father, Yang Guoqiang, started his company Biguiyuan in 1997 and the rise was meteoric. The Biguiyuan Group was listed in the Hong Kong Stock Exchange on April 2007. Lee Shau Kee and Cheng Yu-Tung, two of Yang's townmates (Their native places are in Shunde), bought 1 billion of Biguiyuan IPO stocks respectively. He transferred his stock to his daughter.
China's MOFCOM talked about the IPO back in April. The company is called Country Garden Holdings (2007.HK). It's huge:
The stock has doubled since its IPO and the company is worth a little under $30 billion.
During 2006, Country Garden and its subsidiaries had 23 projects with an aggregate completed gross floor area (GFA) of 6,237,192 square meters, on which it had built 36,951 units to house an estimated 129,000 people, an aggregate GFA under development of 4,281,889 square meters, and an aggregate GFA of 12,525,272 square meters, relating to land held for development.
$16 billion is alot money. It's also alot of press on a 26 year old's shoulders! Imagine having to operate a multi billion dollar enterprise just 3 years of out of college!
I wonder how she's dealing with it! How would you deal with it? No pressure!?