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Yang Huiyan Stay The Young Women Richest in Asia, Although Her Shares Beaten in Crisis

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Yang Huiyan, women that still countless young age, 27 years old, entered the list in Forbes magazine as the third richest person in China at this time. The crisis economy at the world beaten the succession, but she remains firmly occupy the main range of the richest people in China once the richest woman in Asia. Who and how Huiyan success story? The following is the review.

The Father Succesor

Yang Huiyan is a lucky girl who has a father who Guoqiang. Name Huiyan start since her father, the popular Guoqiang majority ownership of the company Country Garden Holdings right before the company go public in the capital markets.

His father was initially own only a farmer and part-time workers in Guangdong Province, South China. Guoqiang's success started when he began to buy land and then develop the land and establish the company Biguiyuan (Country Garden) in 1997.

Guoqiang likely to want Huiyan, the daughter of two of the three are as his succesor. This can be seen from the fact that Huiyan at age teenagers are often invited to attend the meeting of the directors. To stabilize the plan, sending his daughter to study in Ohio State University in the United States. Huiyan graduated from the faculty of Marketing and Logistics at the university in 2003.

Success of IPO Make Huiyan the Billionaire

Since around 2004, Huiyan start managing the company at the time of her father receive medical treatment in the U.S.. Moreover, it also brings new management team from the U.S. to replace the old management team. Then in 2005, Huiyan receive more than 58% share of Country Garden from his father, right before the company is bidding of shares to the public.

In the night Huiyan become the richest person in China when the stock of Country Garden jumped at the bidding of shares to the public (IPO). Jumped to 35% of the shares triggered by high demand from both retail and institutional investors. Country Garden successful record as the largest IPO by a Chinese developer with channeling funds worth 1.66 billion U.S. dollars.

Since then, the name Huiyan explode directly in China and seize the attention of the community. In fact, the video with her husband that she was meet through a blind date was a popular one in January 2006.

Beating the Global Exchange Crisis

Country Garden IPO success in 2007 can not be separated from the booming property sector at the time. This is based on the expectation that the property sector and pointing to become the backbone growth of Chinese economy. At that time, during the last 10 years, China achieved an average growth of two digits, namely 12.2%, compared with the United States, which only reached an average growth of 5% for the same period. China is a place that is favored by investors throughout the world.

Unfortunately, then the property sector crisis since the end of the year and then slam the U.S. economy, and also give negative impact on global stock markets. As an illustration, China Stock Exchange plunged 60% and the Hong Kong stock plunged 50% in the year 2008. Of course, this factor contributes to the wealth destroyed billionaire of China. Billionaire wealth of the richest 400 Chinese plummet from $ 288 billion to become only the $ 173 billion. Meanwhile, the wealth of the richest 40 people also plunged as much as $ 68 million or 57%.

Still Richest Asian Women

In the year 2007 and, in the age to 26, Yang Huiyan steady occupy the top row as the richest person in the Chinese version of Forbes magazine with wealth worth $ 16.2 billion. If she stay in the U.S., the wealth exceeded Michael Dell (founder and CEO of Dell) and Steve Ballmer (Microsoft CEO). At that time, Huiyan also automatically recorded as the richest woman in Asia. This year, Huiyan 0n 125 position of billionaire richest in the world's version of Forbes magazine.

However, Country Garden shares took a sharp plunged subsequent impairment that occurred in the China property sector. As a result of market capitalization, which decreased due the plunged of stock company, the wealth Yang Huiyan also automatically reduced drastically. According to Forbes magazine, a crisis that throws the business resulted in rich they destroyed a $ 14 billion or the same with 80 percent. However, remains strong Huiyan putting the organization on the number 3 as the richest person in China, while the richest young woman in Asia with a wealth worth $ 2.2 billion (24.2 trillion). Same with Huiyan, other Chinese billionaires also seemed to swallow a bitter pill due plunged the global stock exchange.

Source:
Vibiznews

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