Space Industry and Business News  
TRADE WARS
China dominates list of globe's richest self-made women

by Staff Writers
Beijing (AFP) Oct 12, 2010
More than half of the 20 richest self-made women in the world are Chinese, with their average fortune surpassing US talk show host Oprah Winfrey and author JK Rowling, a list showed Tuesday.

The three richest women on the planet are Chinese, led by paper-recycling queen Zhang Yin, who has a personal fortune of 5.6 billion dollars, according to the Shanghai-based Hurun Report, which compiles data on wealthy individuals.

Of the 20 richest self-made female billionaires, 11 are Chinese, with wealth averaging 2.6 billion dollars -- compared with ninth-placed Winfrey's 2.3 billion dollars, the report said.

Rowling, author of the wildly popular Harry Potter books, came bottom of the list, with one billion dollars.

"There is no other country that comes even close to touching the number of self-made women in China. They are now head and shoulders above any other country," said Rupert Hoogewerf, founder and compiler of the Hurun rich list.

The list includes three billionaires from the United States, three from Britain and one each from Italy, Russia and Spain.

The richest non-Chinese person on the list was Rosalia Mera of Spanish clothing store Zara with 3.5 billion dollars.

Hoogewerf partly attributed the Chinese women's business success to the government's one-child policy and free childcare provided by many grandparents, which has enabled them to spend time building their empires.

"That makes a huge difference," he told AFP, adding that China's long acceptance of women working outside the home has been another significant factor.

The richest person in China -- a man -- was Zong Qinghou, the founder of China's largest soft drinks maker Wahaha with a personal fortune of 12 billion dollars, the report said.

Zong, 65, leapt 11 places to top the annual list of Chinese who have personal wealth of at least 150 million dollars. The list has expanded to 1,363 people from 1,000 in 2009.

Zong's climb up the rankings comes a year after French food giant Danone ended its long-standing feud with Wahaha by agreeing to sell its 51 percent stake in their joint ventures.

Danone had accused Zong of breaching an agreement after he set up an entire production and distribution network in parallel to the French firm's joint ventures with Wahaha.

Hoogewerf said 95 percent of the people on this year's list of richest Chinese had made their fortunes from the country's growing domestic demand and only five percent relied on exports -- suggesting Beijing's efforts to retool the economy could be working.

The average fortune has leapt 64 percent over the past two years to 577 million dollars, with property the biggest source of wealth.

Less than one percent of people on the rich list -- whose average age is 51 compared with around 65 in the West -- inherited their wealth, while 12 percent have been appointed to "significant government advisory posts".

Hoogewerf said he found 189 dollar billionaires but estimated there could be as many as 400-500 in China, which would make it the largest number in the world.

The youngest self-made billionaire was Timothy Chen Tianqiao of online gaming company Shanda, aged 37.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Walker's World: Currency war games
Frankfurt, Germany (UPI) Oct 11, 2010
To understand the way the world's mood is shifting against China and its currency policies it is helpful to start with the realization that something is very odd with the German economy. The German figures look excellent. Unemployment is down, output and consumer confidence are up and this year's official growth estimates are about to be lifted from their anemic 1.4 percent to 3 percent ... read more







TRADE WARS
Breakthrough Promises Bright Fast Displays At Low Power

Fox gets teeth into Chinese movie market

Asia computer market has room for both tablets and laptops

COM DEV Europe Signs Contract With ESA

TRADE WARS
Indian army in communication system tender

Military Terrestrial Satcom Market To Grow Slightly

MEADS Demonstrates Interoperability With NATO

Space security surveillance gets new boost

TRADE WARS
ILS Proton Launch To Launch AsiaSat 7 In 2011

Eutelsat's W3B Telecommunications Satellite Arrives For Launch

Russia's Rokot Carrier Rockets To Launch Two ESA Satellites

Integration Of Six Globalstar Satellites Is Complete

TRADE WARS
KORE Telematics Introduces Location-Based Service Offering

Trimble Releases Next Gen Of TerraSync GPS Data Collection Software

EU's Galileo satnav system over budget, late: report

Broadcom Announces Support For New QZSS Satellites Launched By Japan

TRADE WARS
Goal set for capping emissions from international aviation

Israel buys F-35 jets with eyes on Iran

Brazil delays decision for jets deal

Norway delays order of F-35s

TRADE WARS
Motorola sues Apple for patent infringement

Intel to spend 2.7 billion dollars on Israel plant upgrade

Optical Chip Enables New Approach To Quantum Computing

Spin Soliton Could Be A Hit In Cell Phone Communication

TRADE WARS
NASA Partnership Sends Earth Science Data To Africa

SMOS Water Mission Winning Battle With Interference

NASA Loosens GRIP On Atlantic Hurricane Season

'A-Train' Satellites Search For 770 Million Tons Of Dust In The Air

TRADE WARS
Hungarian evacuees face long wait to return home

Hungary village evacuated as new toxic flood 'likely'

Hungarian aluminium company offers compensation to victims

Hungary plays down toxic spill threat, toll rises to seven


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement