BEIJING REAL ESTATE QUEEN CHEN LIHUA TAKES CROWN OF RICHEST WOMAN IN
CHINA WITH US$7.5BN FORTUNE
HURUN REPORT - LEADING AUTHORITY ON CHINA’S WEALTHY - RELEASES RICHEST
WOMEN IN CHINA 2016 IN ASSOCIATION WITH BACKES & STRAUSS, THE WORLD’S
OLDEST DIAMOND COMPANY
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‘Beijing Real Estate Queen’ Chen Lihua, 75, becomes richest women in China for first time
and most successful businesswoman in world with US$7.5bn fortune. Chen is the fifth person
to top the list in the past 11 years. Yang Huiyan, 35, came in at second with US$7.2bn,
followed by last year’s Number One ‘Touchscreen Queen’ Zhou Qunfei, who dropped to
third position with US$6.7bn, down 10%.
62% are self-made, 4 less than last year. The others include 11 wives of entrepreneurs, 8
second generation and 1 third generation.
8 millennials, born in the eighties, of which Wu Yan, is the only self-made. The seven
others are Ji Kaiting, 27, Xu Yangyang, 33, Zhou Yanqi, 33, Kang Qiao, 34, Yang Huiyan, 35,
Lu Xiaoyun, 36 and Liu Chang, 36.
Cut-off to Top 50 and average wealth were US$1.2bn and US$2.3bn, both up 7% year on
year, similar to China’s GDP growth.
China dominates with 60% or 41 of the world’s 72 female self-made billionaires, led
by Chen Lihua, Zhou Qunfei, Wu Yajun of Longfor Real Estate and ‘Paper Queen’ Zhang Yin.
US is in second place with 14, followed by UK, India, Spain, Australia, Brazil, Italy, Nigeria,
Denmark and Switzerland.
12 new faces, 2 less than last year, of which 6 self-made.
Industry. Real estate continues to dominate with 23% of the women making their money
here, down 2%. Finance & investing shot up by 4% to rise to second, followed by
manufacturing in third place. On the full Hurun Rich List 2016, manufacturing, real estate and
IT lead the way.
Residence. Beijing and Shenzhen led the way, with 12 and 9, followed by Shanghai with 6.
Growth slows down. Cut-off to the Top 50 was US$1.2bn, up 7% year on year, and 15 times
in last ten years; average wealth US$2.3bn, up 7%, up 7 times in last ten years.
Comparing the wealth of the Top 50 Women with the Top 50 Men from the Hurun China
Rich List, the men have 3.6 times the wealth of the women.
High-profile divorce settlement. Chinese game developer Li Qiong, 39, of Kunlun divorced
with ex-husband Zhou Yahui after their listing of the company in January.
Birthplace. Women born in Guangdong topped the list with 5 while Zhejiang continue to
make the best wealth creators on the Hurun Rich List 2016. Guangdong also has the most
women entrepreneurs in the Hurun Richest Self-Made Women in the World.
Political Appointments: 6 individuals or 12% have senior political appointments, one less
than last year, a higher percentage than that of the Hurun Rich List 2016 (9.8%).
Average Age is 48, 3 years older than that of last year, and 5 years younger than that of the
Hurun Rich List.
Chinese Star Signs It has been a good year for women born in the year of the Ox and Snake
and a bad year for women born in the year of the Rabbit and Rat. Interestingly, women born
in the year of the rabbit, came second bottom, compared with a perennial top spot for the full
Hurun Rich List.
London-based diamond watch company Backes & Strauss title partner, for first time.
1 / 10
(27 October 2016, Shanghai) The Hurun Research Institute today released the Backes & Strauss •
Hurun Richest Women in China 2016, ranking the 50 wealthiest women in China. Wealth
calculations are a snapshop of 15 August 2016. This is the eleventh year of the list and is a part of
the Hurun China Rich List series, first launched on 13 October.
Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, says, “China is head and
shoulders above the rest of the world when it comes to minting the world’s most successful women
in business. I am delighted to be putting out this list with Backes & Strauss, since the brand
equity of Backes & Strauss is synominous with the successful and confident women.”
Vartkess Knadjian, Backes & Strauss CEO, says “When it comes to business, Chinese women
are the most successful in the world. Recognising the feats of these self-made women who have
striven to the pinnacle of success with determination, expertise, a pioneering vision and hard work,
Backes & Strauss is delighted to support and identify these inspirational Chinese women
entrepreneurs and recognise them for their achievements and contributions to business on a
global scale."
This is a summary of the Chinese press release. For the full press release, please refer to the
Chinese language version.
The Top 10 of the Backes & Strauss • Hurun Richest Women in China 2016
There are 3 new entries to the Top 10.
Wealth
%
US$m
Change
Chen Lihua
7,500
+1
Yang Huiyan
3↓
-2
4-
Change
Name
Company
Age
Key Source of Wealth
1↑
+1
2%
Fu Wah
75
Real estate
2↑
7,200
20%
Country Garden
35
Real estate
Zhou Qunfei
6,700
-10%
Lens
46
Manufacturing
0
Wu Yajun
4,900
22%
Longfor
52
Real estate
5-
0
Zhang Yin
4,600
17%
59
Paper & Packaging
6*
+6
3,400
32%
Maoye
-
Real estate, retail
7↑
+1
3,300
13%
SOHO
51
Real estate
8*
New
3,200
New
Dali
-,33
Food
9*
New
3,100
New
Ocean Wide
-,36
Zhang
Jin
&
Huang Maoru
Zhang Xin & Pan
Shiyi
Chen Liling & Xu
Yangyang
Huang Qiongzi &
Lu Xiaoyun
2 / 10
Nine
Dragons
Paper
Real estate, finance,
investments
10 -
0
Lu
Qianfang
Chen Zhuolin
&
3,000
14%
Agile
55
Real estate
Source: Backes & Strauss · Hurun Richest Women in China List 2016
↑Rank increase yoy ↓Rank decrease yoy –No rank change yoy *New to top 10
Residences by city. Beijing and Shenzhen led the way, with 12 and 9, followed by Shanghai
with 6. By birthplace, women born in Guangdong led the way.
Table: Geographic Distribution
No.
of
Company
people
HQ
(Change)
1Guangdong 17 (+1)
2Beijing
12 (+2)
3Shanghai
6 (+1)
4↑
Zhejiang
4 (+1)
5↓
Jiangsu
3 (-1)
6↑
Fujian
2 (0)
6↑
Hunan
2 (0)
8↓
Hong Kong
1 (-2)
8↑
Tibet
1 (0)
8↑
Hebei
1 (0)
8↑
Sichuang
1 (0)
Richest woman
Yang Huiyan
Chen Lihua
Chen Jinxia
Wu Yan
Zhou Yanqi
Huang Xi
Zhou Qunfei
Xu Huiqing
Lei Jufang
Zhao Baoju
Li
Wei,
Liu
Chang
Dai Weili
Birthplace
No. of people
(Change)
12↑
2↑
2↑
2↑
6↓
6↓
6↓
6↑
10↓
Guangdong
Shanghai
Jiangsu
Sichuan
Zhejiang
Beijing
Chongqing
Fujian
Anhui
Shanxi
5 (0)
3 (+1)
3(+1)
3(+1)
3 (+1)
2 (-1)
2 (0)
2 (0)
1 (+1)
1 (0)
10↓
Gansu
1 (0)
10↓ Hunan
10
8*
Hainan
1 (+1)
Kang Qiao
Shanxi
*
10
Hong Kong
*
Source: Backes & Strauss·Hurun Richest Women in China List 2016
↑Rank increase yoy ↓Rank decrease yoy –No rank change yoy *New to list yoy
8*
USA
1 (+1)
1 (0)
1 (+1)
1 (+1)
By sector
Real estate continues to dominate the list with 23% of the women making their money here,
although down 2%. Finance & investing shot up by 4% to rise to second, followed by
manufacturing on the third place. On the Hurun Rich List 2016, the Top 3 industries are
manufacturing, real estate and IT.
Table: Sectors of Richest Women in China
Richest Women in China 2016
Industry
Hurun Rich List 2016
No.
of
Indiv.
%
Industry
3 / 10
%
(Change)
1-
3↓
Real Estate
Finance
Investing
Manufacturing
16 (-)
23% (-2%)
1-
Manufacturing
26%
13 (3)
19% (+4%)
2-
Real Estate
15%
10 (-)
14% (-1%)
3-
IT
Finance
+
Investments
Pharmaceuticals
12%
4-
IT
9 (3)
13% (+4%)
4-
5↓
66↑
Pharmaceuticals
Apparel
TMT
6 (-)
3 (-)
3 (1)
9% (-)
4% (-1%)
4% (+1%)
56↑
7↓
Retail
Natural
8Energy
2 (-)
3% (-)
8↑
Resources
Food
&
8↑
Food & Beverages 2 (1)
3% (+1%)
9↓
Beverages
8↑
Iron + Steel
2 (1)
3% (+1%)
9↑
Apparel
Media
11↓
Real Estate
1 (-2)
1% (-4%)
11↑
Entertainment
11 Agriculture
1 (-)
1% (-1%)
12↑
Services
12↓
New Energy
14↓
Agriculture
Source: Backes & Strauss·Hurun Richest Women in China List 2016
↑Rank increase yoy ↓Rank decrease yoy –No rank change yoy
4.7%
2-
&
11%
6.6%
4.5%
3.3%
3.2%
3.2%
2.4%
2%
2%
Age: Average age is 48, two years older than last year and 5 years less than the Hurun Rich List;
11 of them are from the seventies, 7 from the eighties, led by Ji Kaiting, 27, Xu Yangyang, 33,
Zhou Yanqi, 33, Kangqiao, 34, Yang Huiyan, 35, Luxiaoyun, 36 and Liu Chang 36.
Political Appointments: Political Appointments: 6 individuals or 12% have senior political
appointments, one less than last year, a higher percentage than that of the Hurun Rich List 2016
(9%).
Self-made. 32 are self-made, accounting for 62% of the list, four more than last year.
Chinese Star Signs
It has been a good year for women born in the year of the Snake and Ox and a bad year for those
born in the years of the Rabbit and Pig.
11↑
33↑
56↑
Star Sign
Snake
Ox
Dog
Sheep
Chicken
Monkey
No. of women (change yoy)
6 (+1)
6 (+4)
5 (+1)
5 (+2)
4 (+1)
3 (-2)
4 / 10
7↓
Pig
3 (+2)
7↑
Dragon
3 (+2)
9↓
Horse
2 (-2)
9↓
Tiger
2 (-1)
11 ↓
Rabbit
1 (-2)
12
Rat
0
Source: Backes & Strauss·Hurun Richest Women in China List 2016
↑Rank increase yoy ↓Rank decrease yoy –No rank change yoy
Stats
Chen Lihua is the fifth woman to hold the title of Number One.
Average
Cut Off
Number One
Wealth US$m
US$m
2006 290
70
Zhang Yin
2007 1280
170
Yang Huiyan
2008 800
220
Yang Huiyan
2009 1030
230
Zhang Yin
2010 1350
370
Zhang Yin
2011 1520
380
Wu Yajun
2012 1380
380
Wu Yajun
2013 1390
480
Yang Huiyan
2014 1450
720
Yang Huiyan
2015 2100
1050
Zhou Qunfei
2016 2300
1200
Chen Lihua
Source: Backes & Strauss·Hurun Women Rich List 2016
Year
Methodology
The Hurun Research Institute was the first to publish a list of the richest self-made women in China
in 2006, on the back of its research into the Chinese entrepreneurial landscape. Since then,
Hurun Research has been publishing an annual list of the Top 50 Richest Women in China, which
includes both self-made and inherited wealth and which this year celebrates its tenth anniversary.
As with the annual Hurun China Rich List and its annual Hurun Global Rich List, Hurun Research
has sifted through publicly available sources, meticulously cross-checking them to assess the
wealth of these women.
For the Chinese, the cut-off date was 14 August 2016 and the Dollar to CNY exchange rate used
was 1:6.7. The term “Chinese entrepreneur” refers to any individual born and raised in Mainland
China regardless of her current nationality or residence. For the non-Chinese, the source is the
Hurun Global Rich, released in February this year.
5 / 10
For the Hurun Richest Self-made Women in the World, the term ‘self-made’ is defined as either a
founder or co-founder of the wealth.
For comparisons with the Hurun Rich List 2016 released on 13 October, please refer to:
http://hurun.net/EN/ArticleShow.aspx?nid=20868
ABOUT BACKES & STRAUSS
As the world’s oldest diamond company (est. 1789), Backes & Strauss has constantly looked
forward, pioneering new diamond cutting techniques and enthralling connoisseurs with its
compelling designs. As part of the Franck Muller group, the result of the meeting of masters of
complications with masters of diamonds is a collection of timepieces so intricate, they are veritable
masterpieces both inside and out.
Reflecting Backes & Strauss’ London provenance, the five core collections of timepieces are:
Berkeley, Piccadilly, Regent, Renaissance and Victoria. Crafted in either 18 karat white or rose
gold and elegantly set with diamonds, these watches are inspired by London’s Regency
architecture, notably the classical proportions and bold symmetry of John Nash’s work for the
Prince Regent in 1811. For the brand’s bicentenary in London, Backes & Strauss announced the
opening of the House of Backes & Strauss in Mayfair, which showcases the many extraordinary
timepieces acclaimed throughout the world alongside the historical archives revealing clients like
Jacques Cartier.
The ultimate testament to the company’s uncompromisingly expertise in diamond cutting is the
Hearts and Arrows pattern shown by each Backes & Strauss diamond when viewed with a special
instrument. The pattern is a series of eight arrowheads when viewed from above the crown with
one eye and eight heart shapes when viewed from below the pavilion. The team of expert diamond
cutters and polishers at Backes & Strauss takes extensive care to manually polish each diamond
to perfection, a skill they have refined over the years of experiences. And every round, brilliant
diamond used at Backes & Strauss is an ‘Ideal Cut’ diamond, designed to emanate optimum fire
and brilliance.
A Backes & Strauss experience begins with a desire to own a masterpiece like none other…
Backes & Strauss bespoke services provide with the opportunity to be involved in every step of the
creation of a one-of-a-kind piece revealing the unique appeal the team is willing to give to each
and every customer.
About Hurun Report Inc.
since 1999
Established as a research unit in 1999, Hurun Report Inc. has grown into a leading media group
targeted at China and India high net worth individuals. Its flagship is the Hurun China Rich List and,
since 2012, the Hurun Global Rich List. Headquartered in Shanghai, Hurun Report has offices in
Beijing, Guangzhou, Chengdu, Sanya, London, Los Angeles, Chicago and Cochin, Kerala, in
India.
Hurun Report Inc has five divisions.
Hurun Research (‘Nobody Knows China’s Rich Better’) has grown to become the world’s leading
authority when it comes to understanding the Chinese high net worth individual. Recent reports
6 / 10
include partnering with some of China’s most important financial institutions, local government,
multinationals and luxury brands, including Bank of China, Taikang, Minsheng Bank, Minsheng
Financial Leasing, Industrial Bank of China and the Changbaishan government.
Hurun Media (‘The Voice of Chinese Entrepreneurship’) reaches between one and two million
unique viewers a week through its multi-platform distribution. Hurun Media has four key media
brands, led by Hurun Report (business and entrepreneurship), Hurun Education, Hurun Art and
Hurun Health. Its flagship business media Hurun Report has an active WeChat social media, an
online business talk show called MaShangHu, distributed through iQiyi, and PC- and
Mobile-friendly Hurun.net.
Hurun Conferences and Training hosts over 100 events across China every year, led by its
flagships in Beijing and Shanghai every year. Hurun Conferences and Training brings Chinese
entrepreneurs aboard, to the US, London, Singapore, Australia and India. Hurun Business School
started in 2016.
Hurun International. Hurun Report Inc established its India business in 2012, which today is
best-known for the Hurun India Rich List, Hurun India Philanthropy List and for hosting events with
some of India’s most respected entrepreneurs.
Hurun Investments includes a CNY 100m early-stage venture capital fund, and strategic
investments in media, education, media, classic cars, financial services and luxury.
For further information, see www.hurun.net
Official Wechat platform: HurunReport
For media inquiries, please contact:
Porsha Pan
Tel: 021-50105808*601
Mobile: 139 1838 7446
Email: [email protected]
7 / 10
APPENDIX: FULL LIST
Backes & Strauss • Hurun Richest Women in China 2016
Wealth
Change
US$m
（%）
Chen Lihua
7,500
1
Yang Huiyan
3
-2
4
Change
Name
Company
Age
Key Source of Wealth
1
1
2%
Fu Wah
75
Real estate
2
7,200
20%
Country Garden
35
Real estate
Zhou Qunfei
6,700
-10%
Lens
46
Manufacturing
0
Wu Yajun
4,900
22%
Longfor
52
Real estate
5
0
Zhang Yin
4,600
17%
59
Paper & Packaging
6
6
3,400
32%
Maoye
-
Real estate, retail
7
1
3,300
13%
SOHO
51
Real estate
8
New
3,200
New
Dali
-,33
Food
9
New
3,100
New
Ocean Wide
-,36
10
0
3,000
14%
Agile
55
Real estate
11
-1
Ma Dongmin
2,900
11%
Baidu
46
IT
11
-2
He Qiaonv
2,900
3%
50
Landscaping
13
-6
Chen Jinxia
2,800
-5%
13
24
Wu Chunyuan
2,800
116%
15
-9
Zhou Jianping
2,500
-21%
16
-4
2,400
-6%
17
-2
2,300
7%
Zhang
Jin
&
Huang Maoru
Zhang Xin & Pan
Shiyi
Chen Liling & Xu
Yangyang
Huang Qiongzi &
Lu Xiaoyun
Lu
Qianfang
&
Chen Zhuolin
Li
Wei
Chang
Zhu Linyao
&
Liu
8 / 10
Nine
Dragons
Paper
Orient
Landscape
Yongjin
AAC
48
Acoustic
Real estate, finance,
investments
Pharmaceutical,
Investment
-
Acoustics
Hailan
33
Apparel, investments
New Hope
-,36
Agriculture, finance
46
Fragrances, flavouring
Technologies
Huabao
International
18
-1
18
-3
18
12
21
-7
22
0
22
0
24
5
25
Zhou Xiaoguang
Jewelry, real estate,
2,240
11%
Xinguang
54
2,240
3%
Hakim
35
2,240
43%
Manwah
53
Recreational sofa
2,090
-13%
YTO
-
Express delivery
2,010
13%
Logan Estate
27
Real estate
2,010
0%
-
Apparel
Liu Jiehong
1,940
18%
Amer
-
1
Huang Xi
1,790
4%
Goodfirst
-
Finance, real estate
26
13
Chen Baozhen
1,720
35%
73
IT
26
19
Yao Lini
1,720
44%
-
Investment, real estate
26
-8
Liao Qingqing
1,720
-12%
67
Pharmaceuticals
29
-7
Wang Laichun
1,640
-8%
49
Computer connectors
30
-8
Lei Jufang
1,570
-13%
63
Pharmaceuticals
30
3
1,570
11%
Narada
38
Battery, investment
30
-11
1,570
-16%
Suning
43
Retail, real estate
30
-4
1,570
-9%
L&S
43
30
New
Zhao Yan
1,570
New
Bloomage
49
35
New
Shi Jing
1,490
New
Giant
54
Wu Yan & Wang
Qicheng
Xu
Huiqing
&
Huang Minli
Zhang Xiaojuan &
Yu Huijiao
Ji
Kaiting
&
Ji
Haipeng
Li Shanhu & Xu
Yu
Zhao Yilan & Zhou
Qingzhi
Bu Yang
Zuo
Xiaoping
Huang Lianxi &
&
9 / 10
Trendy
International
Wangsu Science
& Technology
Cheung Kei
Salubris
Pharmaceuticals
Luxshare
Precision
Qizheng
Pharmaceutical
investments
IT, media, real estate,
investment
Cable
and
copper
products
Plastic
pipes
and
fittings
Investments,
real
estate
finance, online games
35
4
Lai
Yujing
&
Zhang Yue
Air
1,490
18%
Broad
-
conditioning,
environmental
construction
Searainbow
35
New
Kang Qiao
1,490
New
38
New
Peng Lei
1,420
New
39
-7
Cheng Xue
1,390
-7%
Haitian
46
Food flavorings
40
-5
Zhao Baoju
1,370
0%
ENN
51
Gas, energy
41
4
1,340
13%
Tonghua
45
Investment
41
New
1,340
New
Marvell
55
43
-4
1,270
0%
Bosideng
49
Apparel
43
-4
Zheng Xiangling
1,270
0%
52
Pharmaceuticals
43
New
Li Qiong
1,270
New
Kunlun Tech
39
IT
46
-16
Li Ping
1,250
-20%
XinHu
-
Real estate, finance
47
-28
Fan Zhaoxia
1,240
-34%
Jing Yun Tong
-
Solar
48
New
Li Tan
1,210
New
Hepalink
52
Pharmaceuticals
49
New
Zeng Baobao
1,190
New
Fantasia
45
Real estate
1,190
New
Kangmei
47
Pharmaceuticals
1,190
-15%
1,190
New
Zhai
Li
&
Shi
Zhengfu
Dai Weili
Mei Dong & Gao
Dekang
34
Corp
Alibaba,
Ant
Financial
Sino
Biopharmaceutial
43
Medical e-commerce
E-commerce, financial
service
Semiconductors,
computer chips
Xu Yanjun & Xu
49
New
Dongjing
&
Ma
Jialin
49
-15
49
New
Source: Backes
Zhang Huiming
Wang Qiuyang &
Zhang Baoquan
Sound
Environment
Jindian
& Strauss·Hurun Richest Women in China List 2016
10 / 10
49
Environmental
protection
Real estate, modern
art