BEIJING - A 26-year-old woman property developer tops this year's Forbes list of the richest people in China, grabbing the number one spot with a net worth of 16 billion dollars, the US magazine said Monday.
That amount also makes Yang Huiyan the richest woman in Asia, according to a statement from Forbes.
All 40 people on Forbes Asia's 2007 China Rich List are billionaires, compared with only 15 last year, it said, attributing the rise to a boom in the nation's stock and property markets.
Their combined net worth is 120 billion dollars, up more than three times from last year's 38 billion dollars, it said.
The list was published as China prepares for the opening next week of the 17th Congress of the Communist Party, where the growing gap between rich and poor is likely to be among the top agenda items.
The nation's rulers are concerned that the widening difference between the haves and have-nots could endanger social cohesion in the world's most populous nation.
Yang, a graduate of Ohio State University, is the daughter of Yeung Kwok Keung, the co-founder of Country Garden Holdings, a property development firm.
Yeung transferred his shareholdings to his daughter in 2005, and she now sits on the company's board as an executive director, Forbes said.
<--------------- Rich daddy, rich daughter... but property line is definitely a gold mine this period.
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