BEIJING (Reuters) – The twenty-six year-old daughter of a rags-to-riches property developer is China’s wealthiest person, with a $16 billion fortune, Forbes magazine said on Monday.
Yang Huiyan shot to the top of the China Rich List after the firm her father founded floated on the Hong Kong stock exchange in April, creating five billionaires at once.
Her low-profile father, Yeung Kwok Keung — who worked as a farmer and on construction sites before making his fortune, according to Chinese media — had transferred his stake in Country Garden Holdings Co. to his daughter in 2005.
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