‘China Property Queen’ Wu Yajun, 55, takes title of Richest Self-Made Woman in the World, on back of 13% rise in wealth to US$9.8 billion.

89 self-made women billionaires found in the world, more than double that of 5 years ago, but down 13 on last year

57% from China, down 6% from last year, but still far and away the Number One in the world, three times as much as the USA. UK came in third.

‘Touchscreen Queen’ Zhou Qunfei, last year’s number One, dropped down 13 places to 14^th, losing 63% of wealth to US$3.4 billion on back of share price fall

Beijing, Shenzhen and Shanghai Top 3 preferred cities for world’s richest self-made women. 5 of Top 6 cities for world’s most successful women in business in China.

‘Hot Pot Queens’ Shu Ping and Li Haiyan of HaiDiLao and ‘Soya Sauce Queens’ Cheng Xue, 49, and Li Xuhui, 51, of Haitian amongst fastest risers

New faces led by ‘Polyester Queen’ Fan Hongwei, 52, straight into the Top 10 with US$3.9bn, followed by Lu Zhongfang, 77, of China civil service examination training platform Offcn.

4 of the 5 youngest self-made women billionaires from China, led by 38-year old China entertainment investor Wu Yan, with US$1.3bn.

Francoise Bettencourt Meyers, granddaughter of L’Oréal founder, is the world's richest woman with a fortune of US$49 billion. Of the 20 richest women in the world, 19 inherited and only one, Wu Yajun, is self-made. Of the 20 richest men in the Hurun Global Rich List, 14 are self-made.

Manufacturing is the main source of wealth, despite losing 6 billionaires last year, followed by real estate, retail and tech

Two of the Chinese are delegates to the National People's Congress (Chen Ailian) or CPPCC (Zhou Qunfei)

Hurun Research Institute and Mini World jointly release Hurun Richest Self-Made Women in the World 2019

·         89 self-made women billionaires from 16 countries made the list, 13 fewer than last year.

·         22 billionaires dropped off last year’s list, a record, including well-known Chinese actress and entertainment investor Vicky Zhao Wei, 42; 47 saw their wealth shrink or stay the same. This compares with 430 individuals who dropped off the Hurun Global Rich List, released last week in Beijing and Mumbai. China led that list with the largest number of drop offs, with 213.

·         Total wealth US$2 trillion, down 12.5% from last year. Rupert Hoogewerf, chairman and chief researcher at Hurun Report, said: "A drop of more than 20% in the Chinese stock market, combined with a 6% depreciation in the Chinese Yuan were the main reasons for the large number of Chinese who fell off the list."

·         33 women on the list saw their wealth rise, led by entrepreneurs from the food industry: Shu Ping and Li Haiyan, co-founders of Chinese hotpot brand HaiDiLao and Cheng Xue and Li Xuhui, co-founders of soya sauce brand Haitian. Others included Mei Dong from down jacket brand Bosideng, Tory Burch of the eponymous American fashion brand, and Winnie Enevoldsen of Danish jewelry brand Pandora.

·         9 made the list for the first time, led by Fan Hongwei of Hengli Chemical Fibre, who shot straight into the Top 10, followed by Lu Zhongfang of training platform Offcn.

·         With 51 billionaires, China has produced 57% of the world's self-made women billionaires. The US is second with 18, followed by the UK with 6. According to Hurun Global Rich List, China topped the list with 658 billionaires, 74 more than the USA with 584

·         Manufacturing lost six billionaires compared with last year, but still remained the world's biggest source of wealth for self-made women, with 14, followed by real estate (13), retail (11) and tech (11). On the Hurun Global Rich List, tech was top, followed by real estate, investment, manufacturing and retail.

·         Only 5 are 45 or under, down by half from last year. Wu Yan, 38, of Chinese entertainment platform Hakim, was the youngest self-made billionaire, followed by Chen Xiaoying, 43, from express delivery brand Shentong Express, and Tatyana Bakalchuk, 43, from Russian e-commerce platform Wildberries.

·         The average age was 60, 4 years younger than the average age of the Hurun Global Rich List.

·         64% had listed companies, down 5% from last year.

·         13% share their wealth with their spouses, down from 17% last year.

·         Women accounted for 15.5%, up slightly from 15.3% last year, of the Hurun Global Rich. Five years ago, it was only 11%.

·         Hurun Research Institute, the world's largest rich list provider, has released the 9^th edition of Hurun Richest Self-Made Women in the World.

(7 March 2019, Shanghai and Mumbai) The Hurun Research Institute and Mini World today jointly released the Hurun Richest Self-Made Women in the World 2019, a list of the self-made women billionaires in the world. This is the 9^th year of the list. Hurun Research recalculated the individual wealth of some of the women, separating their wealth from that of their spouses. Wealth is a snapshot of 31 January 2019, drawn from the recently released Loong Palace·Hurun Global Rich List 2019.

“The stories of these 89 self-made women tell the story of women in the modern-day world of business,” said Rupert Hoogewerf, chairman and chief researcher of Hurun Report. “Their spirit of entrepreneurship is an example for many young women looking to become the next Wu Yajun or Oprah Winfrey. Further research needs to be done to understand what it is that has made China such a dominant force for women entrepreneurs. I am delighted to put out the Hurun Richest Self-made Women in the World 2019 together with Mini World.”

Eva Wan Yuhua, Founder and Chairlady of Mini World said, “For my first venture, I founded Chinese shampoo brand Bawang, which went on to list in Hong Kong. Mini World is my second venture, a platform for empowering women. Mini World uses IoT technology to link Chinese women with the rest of the world. Through the sharing of global resources and wisdom, through our Global Glamour Women's Business School, we are building a new ecosystem and creating new wealth. This new era has given women unlimited opportunities, and they have created tremendous value for the world. I am proud to partner with Hurun Report, the world’s largest rich list provider, on this list of the Richest Self-made Women in the World, and hope to encourage more women to create more value and wealth for society, and make the world a better place.”

TABLE: Top 10 Self-Made Women

4 of the Top 10 were from China, and Wu Yajun became the world's richest self-made woman. Two new entrepreneurs made the top 10 this year: Peggy Cherng of Panda Express and Fan Hongwei of Hengli.

Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

"↑" means up from last year， "↓" means down from last year，"*" represents a new top 10 compared to last year

‘China Property Queen’ Wu Yajun, 55, of Longfor took back her title of World's Richest Self-made Woman for the first time in seven year with US$9.8 billion, up 13% from last year. Property developer Longfor last year achieved sales of US$30bn, up 29%, and has 20,000 employees. Wu was a delegate to the last two sessions of the National People's Congress.

‘American Roofing Queen’ Diane Hendricks, 72, was second with US$7.5 billion, up 29%. She co-founded ABC supply with her late husband and is now the largest wholesale distributor of roofs and walls in the USA.

Former richest self-made women in the world, ‘Beijing Real Estate Queen’ Chen Lihua, 78, tied for second with a fortune of US$7.5 billion. Chen is best-known for owning a significant chunk of downtown Beijing.

Judy Love, 81, was fourth with US$6.2 billion, up 24%. Judy and husband Tom opened their first gas station in Watonga, Oklahoma, in 1964. Judy is the company's executive secretary and chairman of the fortune family foundation, and three of their four children are currently involved with the company.

‘Online Gaming Queen’ Dennis Coates, 52, of Bet365 was fifth with US$5.7 billion, a 24% increase. Coates lives in the UK.

‘Paper Queen’ Zhang Yin, 62, came in sixth with US$5 billion, down 28%. Nine Dragons has become the largest modern packaging and paper group for environmentally friendly paper in the world. Last year it bought two more integrated pulp mills in America. Zhang was a delegate to the previous three CPPCC, a top political advisory body.

Peggy Cherng, 71, tied for sixth place with US$5 billion, entering the Top 10 for the first time, with her wealth up 21%. Panda Express is now the largest Chinese restaurant chain in the United States, with more than 800 locations in nearly 40 states and 21,000 employees.

Tina Green, 66, was eighth with US$4.4 billion, down 3%. Tina Green and husband Philip Green control the Arcadia Group, which owns fashion brands such as Topshop, Dorothy Perkins and Miss Selfridge, through Taveta Investments.

Lynda Resnick, 75, tied for ninth with US$4.2 billion, down 2%. Together with husband Stewart, she founded Rolle International, which includes brands such as American beverage brand Pom Wonderful and Fiji water.

Fan Hongwei, 52, entered the Top 10 for the first time with US$3.9 billion. Co-founded Hengli Chemical Fibre, which made the Fortune Global 500, ranking 235^th.

TABLE: By Country - Self-made Women Billionaires

China topped the list with 51 female entrepreneurs, followed by the USA and the UK. India, the world's other most populous country, has only one female entrepreneur on the list, Kiran Mazumdar-Shaw, 66.

Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

"↑" means up from last year， "↓" means down from last year，"-" unchanged from last year , "*" represents a new top 10 compared to last year

TABLE: By City - Self-made Women Billionaires

5 of the Top 6 cities are all in China, led by Beijing. “The concentration of super wealth creating women in cities like Beijing, Shenzhen and Shanghai has a ripple effect for creating more such entrepreneurs,” says Rupert Hoogewerf.

Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

"-" unchanged from last year , "*" represents a new top 10 compared to last year

TABLE: By Industry – Self-made Women Billionaires

Manufacturing remained the biggest source of wealth for self-made women, ranking first with 14. Real estate followed with 13, followed by retail and technology.

Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

 "↑" means up from last year， "↓" means down from last year，"-" unchanged from last year , "*" represents a new top 10 compared to last year

TABLE: Top 5 Youngest self-made Women Billionaires

Only 5 are 45 years old or younger, down by half from last year. Wu Yan from Hakim, 38 years old, became the youngest female entrepreneur on the list, followed by Chen Xiaoying, 43, from Shentong Express, and Tatyana Bakalchuk, 43, from Russian e-commerce platform Wildberries.

Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

TABLE: Self-Made Score Card

Hurun Research has a bespoke score-card looking at the degree of which these entrepreneurs are self-made.

Source: Hurun Research Institute 2019

TABLE: Top 20 Richest Women in World

Francoise Bettencourt Meyers, 65, granddaughter of L’Oréal’s founder, is the world's richest woman with a fortune of US$49bn, followed by Alice Walton. Third is Maria Franca Fissolo, widow of Ferrero Rocher's founder. Yang Huiyan, 38, of Country Garden, ranked fifth, the only Chinese woman to make the Top 5. Five of the top 20 richest women in the world are from Mars.

TABLE: Top 20 Richest Women in World

 Source： Hurun Richest Self-Made Women in the World 2019, in association with Mini World

↑" means up from last year， "↓" means down from last year，"-" unchanged from last year , "*" represents a new top 10 compared to last year

After the death of Liliane Bettencourt in 2017, her only daughter, 65-year-old Francoise Bettencourt Meyers, took on the mantle of the world's richest woman with a fortune of US$49 billion, surpassing Alice Walton. L’Oréal group's full-year 2018 comparable sales rose 7% to 26.9 billion euros, according to its 2018 earnings report.

Alice Walton, 69, is the second richest woman in the world with a personal fortune of US$44 billion, slightly less than last year. The Walton family owns half of the world's largest retailer, Walmart. Alice is the eldest daughter of Walmart founder Sam Walton.

Maria Franca Fissolo, 78, was third with US$38 billion, up 31%. She is the widow of Michele Ferrero, the founder of Ferrero Rocher.

Jacqueline Mars, 79, granddaughter of the founder of American candy brand Mars, came in fourth with US$32 billion, up 3% from last year.  5 of the Top 20 richest women in the world inherited from the founder of Mars. After the death of her brother Forrest Mars Jr, his 33% stake was divided equally among his four daughters.

Yang Huiyan, 38, ranked fifth with a fortune of US$23 billion, down 28%. Her wealth comes from her stake in Country Garden, a Hong Kong-listed company founded by her father Yang Guoqiang, who still runs the company. In 2018, the sales of property developer Country Garden hit US$80 billion.

Elaine Marshall, 76, of Koch Industries, ranked sixth with US$19 billion, up one place from last year. She inherited her wealth from her husband, E. Pierce Marshall, and is a board member of Koch Industries.

Susanne Klatten, 56, came in seventh with US$16 billion, one place down on last year and a 30% drop in wealth. She inherited her wealth from her father, BMW Group founder Herbert Quandt.

Iris Fontbona, 76, ranked eighth with a fortune of US$15 billion, up one place from last year, with a 15% increase in wealth. She is the widow of former Luksic group chairman Andronico Luksic, who owns one of the world's largest copper mining companies and Chile's second-largest bank.

Massimiliana Landini Aleotti, came in eighth place with a fortune of US$15 billion, up five places from last year and up 25%. Minalini is one of the world's leading pharmaceutical companies.

Charlene Carvalho, the 64-year-old head of Heineken, came in 10th place with US$13 billion, two places down on last year, and her wealth down 13%. Charlene Carvalho inherited 25% of the company from her father.

Abigail Johnson, 57, the granddaughter of Edward c. Johnson II, founder of Fidelity Investments, America’s largest mutual fund, was tenth with a fortune of US$13 billion, up 8%.

Kwong Siu Hing, 90, ranked 12th with US$12 billion, down 8%. She is the wife of Sun Hung Kai's founder Kwok Tak Seng and the largest shareholder in Sun Hung Kai Properties, which is held by the Kwok family through a trust fund.

Laurene Powell Jobs, 55, widow of Apple founder, Steve Jobs, ranked 13^th with a fortune of US$10 billion, up seven places from last year and representing a 6% increase.

Gina Rinehart, 64, tied for 13^th place with US$10 billion, down 17%. Hancock Prospecting is one of Australia's largest mining companies.

Wu Yajun, 55, ranked 15^th and was the only self-made women entrepreneur to make the Top 20 richest women in the world.

Sara Moat De Larrea inherited the company, Grupo Mexico, a publicly traded conglomerate after husband Jorge died in 1999. The mining division of Grupo México has the largest copper reserves in the world and is the 3rd largest producer of the red metal on the planet. Stocks of the conglomerate Grupo México have declined 33% during last year.

Blair Parry-Okeden, 67, ranked 17th with US$8.2 billion. She is the granddaughter of James M-Cox, founder of Cox Enterprise, inheriting 25% of the group when her mother, Barbara Cox Anthony, died in 2007.

Worth noting…

Mackenzie Bezos has just announced her divorce from Jeff Bezos, 55, the richest man in the world, according to the Hurun Global Rich List 2019. This could

Alexandra Andresen and her sister Katharina Andresen were the youngest female billionaires in the world, according to the Hurun Global Rich List 2019. Aged 22 and 23, they inherited from an 80% stake in the family tobacco business.

Loong Palace•Hurun Global Rich List 2019

(26 February 2019, Beijing and Mumbai) Hurun Report released the Loong Palace ·Hurun Global Rich List 2019, a ranking of the US-Dollar billionaires in the world. Wealth calculations are a snapshot of 31 January 2019. This is the eight year of the ranking. Loong Palace is a Beijing luxury property developed by HK-listed Shimao. The Loong Palace· Hurun Global Rich List 2019 ranked 2,470 billionaires from 67 countries and from 1,931 companies. For more information on the Loong Palace· Hurun Global Rich List 2019, please visit: https://www.hurun.net/CN/Article/Details?num=0C89B7A101E0

Hurun Richest Women in China 2018

(16 October 2018, Beijing) Hurun Report released the Hurun Richest Women in China 2018. This is the 13th consecutive release of the Hurun Richest Women in China Top 50. For more information on Hurun Richest Women in China 2018, please visit: https://www.hurun.net/CN/Article/Details?num=DB89D5061AE3

Methodology

Wealth valuations are from the Loong Palace· Hurun Global Rich List 2019, released 26 February 2019. Putting together this list of the world’s most successful women in business has been a challenge. For many spouses of billionaires, the shares are owned in the husband’s name, such as Bill Gates or Mark Zuckerberg, but the donations are done in both spouses’ names, such as the Bill & Melinda Gates, Mark and Priscilla Chan.  For the purpose of this list, we have separated out the wealth of the women.  In the case of Robin Li and Melissa Ma Dongmin of Chinese search engine Baidu, for example, we can see the individual shareholding of Ma Dongmin, so we have valued her independently.  In the case of Peggy and Andrew Cherng, we can see both their names on the shareholdings but are not able to determine their value independently, so we have kept the total wealth and added the spouses’ name.

Hurun Richest Self-Made Women in the World 2019

About Mini World

Mini World is a HK-based the world-leading platform in resource, network, wisdom and sharing. It also has a Global Glamour Women's Business School. Mini World is founded and launched by Wan Yuhua, founder of a listed company-Bawang Group. Ms Wan has spent more than five years travelling around the United States, Britain, Japan, Israel, Thailand, South Korea, India, France, Germany, Myanmar and other countries, before setting up Mini World. With her unique wisdom, Internet and Iot technologies, she has created a new sharing platform linking China and the World. It aims to build a sharing and win-win O2O eco-platform for consumers, manufacturers, brands, traders, retailers, investors, entrepreneurs and governments around the world. Mini World has ten sectors: new retailing, new consumption, new supply chain, new manufacturing, new technology, new finance, new industry, big data, characteristic towns, and one town one product. Through the sharing of global resources and wisdom, we will build a new ecosystem and create new wealth.

In the next five to ten years, Mini World plans to build more than 200,000 new retail physical stores around the world, incubating 100 main board listed platform companies and participating in the construction of 100 characteristic towns. Mini World and Global Glamour Women's Business School hope for everyone to create a healthy world, a happy world, a wealthy world, a loving world, an innovative world, a sharing world, and a better world.

About Hurun Report Inc.

Nobody Knows China’s Rich Better!

Established in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today. Hurun Report Inc. has four main divisions.

Hurun Research Institute ‘World’s Largest Rich List Provider’

2019 marks the 20^th anniversary of Hurun Report, highlighting the fastest wealth creating period in the history of the world.

The Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary.  With no inheritance tax, Chinese give much more generously than many have previously understood. 

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

Media and Events ‘The Hurun brand gets 200 million views a month in China’

The Hurun brand has become one of the few non-Chinese media brands to become a household name across China.

Hurun Media monetizes 1 million views a month in China, through its wechat, weibo, website and legacy magazine.

Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

Hurun Report kicked off the world's largest Chinese New Year dinner series in Shanghai on January 16, and is going to 8 cities across 4 continents. Toronto on Jan 20, New York Jan 23, LA Jan 25, London Jan 28, Istanbul Jan 29, Luxembourg Jan 31 and ending up in Sydney on Feb 18. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

Investments

Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.

The number "20" is integrated into the Chinese character ‘谊’ pronounced 'yi', meaning 'friendship', symbolizing how building friendships is at the core of how Hurun Report does business with its partners.

For further information, see www.hurun.net

Download: 

Hurun Richest Self-Made Women in the World 20190307.xls

Press Release-Hurun Richest Self-Made Women in the World 190307.docx

新闻稿：《2019胡润全球白手起家女富豪榜》190307.docx