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Daily Mirror
Daily Mirror
World
Rachel Hagan

Asia’s richest woman loses half £19billion fortune after property market crashes

Yang Huiyan Asia Country Garden Hong Kong Bloomberg Billionaires Index

The richest woman in Asia has lost more than half her fortune in just one year after China's property market took a battering.

Yang Huiyan is a majority shareholder in China’s biggest property developer Country Garden and she saw her net worth plunge by more than 52 per cent to $11.3billion (£9.3bn) from $23.7billion (£19.5bn) a year ago, according to Bloomberg's Billionaires Index.

Yang inherited her wealth when her father Yang Guoqiangm, the founder of Country Garden, transferred his shares to her in 2005, according to state media.

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