Hurun finds 100 self-made women billionaires from 16 countries, up 11 from last year.

Pharma Queen’ Hansoh's Zhong Huijuan, 59, becomes world's most successful self-made women with US$15.1bn, up four-fold after IPO last year

‘Property Queen’ Wu Yajun, 56, last year ’s Number One, dropped down to second place, despite wealth up 44% to US$14.1bn

China dominates with 9 of the Top 10 and 61%, up 4%, of the total list and more than three times that of the USA with 19%. UK was third.

Beijing, Shenzhen, and Shanghai have the most self-made women billionaires on the list; Hangzhou and Xiamen break into Top 5

25 new entrants, led by 59-year-old Zhou Xiaoping of Shinye

With the advent of the 5G era, Zhou Qunfei of touchscreen maker Lens, LY ’s 55-year-old Zeng Fangqin and Luxshare Precision ’s 53-year-old Wang Laichun ’s wealth doubled, rose to 4 times and 3 times from last year respectively and entered the Top 10 for the first time

Lu Zhongfang, 78, of Chinese civil service test prep Offcn, saw wealth double to US$7.2bn, taking her into Top 10

22-year-old Kylie Jenner becomes the world's youngest self-made female billionaire, followed by 39-year-old Wu Yan from Hakim

Arcadia's Tina Green, 71, was biggest loser, down 77% to US$1bn. 13 dropped off completely, including Tory Burch

33% of the female entrepreneurs on the list are engaged in emerging industries, of which advanced manufacturing and healthcare ranked first with 9 each, followed by media & entertainment, big data and e-commerce

Alice Walton, 70, eldest daughter of Walmart founder Sam Walton, is the richest woman in the world with a personal fortune of US$59bn. Of the world's Top 20 richest women, only 3 are self-made with the other 17 inherited. Compared with world ’s Top 20 richest men, 17 are self-made.

Hurun Research Institute releases Hurun Richest Self-Made Women in the World 2020

·         The Hurun Research Institute found 100 self-made female billionaires from 16 countries, an increase of 11 from last year.

·         74 women saw their wealth rise, of which 25 were new faces. 26 were down or unchanged. 13 dropped off.

·         Total wealth was US$262bn. The average wealth was US$2.6bn, an increase of 19% over last year.

·         The fastest-growing fortunes include Zhong Huijuan of Hansoh, Zeng Fangqin of LY, Wang Laichun of Luxshare Precision, Zhao Yan of Bloomage, and Zhou Qunfei of Lens.

·         25 new faces, led by Shinye's 59-year-old Zhou Xiaoping, ranked 31st with US$2.3bn; Followed by Thailand's Daonapa Petampai, 47-year-old Luo Qianqian and 47-year-old Qian Zhiya of Luckin Coffee. Muyuan's 54-year-old Qian Ying's wealth rose to US$1.2bn, on the back of soaring pork prices in China.

·         Haidilao's Li Haiyan and Shu Ping's wealth doubled from last year to US$3.8bn, mainly due to the rise in Haidilao's stock price. But since the outbreak of the coronavirus, as of mid-February, Haidilao's stock price had fallen 12% from a month ago.

·         Coronavirus. Melissa Ma Dongmin of Baidu saw iQiyi’s market value rise by 8%. Dong Mingzhu of Gree starting producing masks. Lu Zhongfang’s Offcn's market value shrank by 6% in the month during the epidemic.

·         China has 61% of the world's self-made female billionaire, with a total of 61; the USA ranked 2nd with 19; the UK ranked 3rd with 6.

·         33% of the female entrepreneurs on the list are engaged in emerging industries, of which advanced manufacturing and healthcare ranked first with 9 respectively, and media & entertainment, big data and e-commerce ranked 3^rd with 3 respectively.

·         The average age is 60 years old, which is 4 years younger than the average age of the Hurun Global Rich List. 8 were 45 or younger, 3 more than last year.

·         69% had listed companies, up 5% from last year.

·         Women accounted for 15.7% of the Hurun Global Rich List this year, slightly higher than last year's 15.5%.

 (16 March 2019, Shanghai, Oxford, UK and Mumbai) The Hurun Research Institute today released the Hurun Richest Self-Made Women in the World 2020, a list of the self-made women billionaires in the world. This is the 10^th year of the list. Wealth is a snapshot of 31 January 2020, drawn from the recently released Shimao Shenkong International Center·Hurun Global Rich List 2020.

Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said, “The women on the Hurun Richest Self-Made Women in the World 2020 are the most successful women in business in the world. Their stories deserve to be shared and studied.  What is it that makes them successful?  How did they do it? I hope this list can inspire more women to become entrepreneurs.”

“China dominates yet again, with 9 of the Top 10, and 61% of the list, well above its 20% of the world’s population. There are, however, worryingly few young women entrepreneurs in the world.  In the recent Hurun Richest Under 40s in the World, there were only 2 women, with the other fifty all men.”

This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.

TABLE: Top 10 Self-Made Women

Only 1 of the Top 10 is not from China. Zhong Huijuan has become the richest self-made woman in the world, overtaking Wu Yajun of Longfor. 4 new faces made the Top 10: Zhou Qunfei of Lens, Wang Laichun of Luxshare Precision, Zeng Fangqin of LY and Lu Zhongfang of Offcn. The average age of the Top 10 is 62 years old, 4 years younger than last year.

Source： Hurun Richest Self-Made Women in the World 2020

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

Zhong Huijuan, 59, leapfrogged into the world’s richest self-made woman with a fortune of US$15.1bn. Since its establishment in 1995, Hansoh has been committed to innovation and development in six major areas including central nervous system, anti-tumor, anti-infection, diabetes, digestive tract and cardiovascular. The company has two R&D centers, located in Lianyungang and Shanghai.

Wu Yajun, 56, ranked 2^nd with US$14.1bn. Last year, Longfor achieved a cumulative contract sales of US$35bn, an increase of 21% year-on-year, and a contracted sales area of 1,424 square meters, an increase of 15%. Up to now, Longfor has operations in more than 50 cities across the country and has a land reserve area of more than 70 million square meters.

‘Touchscreen Queen’ Zhou Qunfei, 50, ranked 3^rd with US$9.4bn. Lens successfully achieved strong production and sales last year. According to preliminary accounting data for fiscal year 2019, Lens achieved operating income of US$4.3bn, an increase of 9% over the same period last year.

Wang Laichun, 53, entered the Top 10 for the first time with US$8.3bn, ranked 4^th. The boom in the wireless stereo market over the past year has pushed Luxshare Precision's stock price up more than 200%. Luxshare Precision is also actively expanding communications and automotive businesses.

With US$8.2bn, Diane Hendricks, 73, co-founded ABC Supply, one of the largest wholesale distributors of roofing, siding, and windows in America. Hendricks has been actively making acquisitions, growing the revenues of ABC Supply from US$3bn to US$10bn.

Zeng Fangqin, 55, entered the Top 10 for the first time with US$7.6bn, ranked 6th. Zeng founded Lingsheng in 2006, when Nokia was its major customer. Later became Apple's supplier. In 2017, LY was listed on the Shenzhen Stock Exchange. Last year, Zeng acquired Apple's industrial chain company Salcomp for US$100mn, further driving up her stock price.

‘Beijing Property Queen’ Chen Lihua, 79, tied for 6^th with US$7.6 bn. Fu Wah owns Chang An Club and Jinbao Street, a high-end commercial street in Beijing and has hotels in Australasia.

Fan Hongwei, 53, tied for 6^th with US$7.6bn. The 20-million-ton refining and chemical integration project built by chemical fiber giant Hengli in its sole investment in May last year reached full-scale production and formal commercial operation, which enhanced Hengli's sustainable profitability. According to preliminary estimates of the company's performance forecast, the net profit attributable to shareholders was expected to reach US$1.6bn in 2019, a year-on-year increase of 228%.

Lu Zhongfang, 78, entered the Top 10 for the first time with US$ 7.2bn, ranked 9^th. Offcn successfully completed its backdoor listing in January last year, and its current market value is close to US$20bn. Offcn's core business is recruitment and training for public occupations. Its teaching network covers more than 300 prefecture-level cities in China. It has more than 1,000 directly operated outlets and provides comprehensive vocational training services for more than 100 categories.

Zhang Yin, 63, ranked 10^th with US$6bn. In fiscal year 2019, Nine Dragons Paper achieved operating revenue of US$7.8bn, an increase of 4% year-on-year. As of the end of the reporting period, the company's total assets reached US$11.5bn, a year-on-year increase of 4%.

Others of Interest

Zhao Yan, 54, ranked 12^th with US$4.9bn, up almost three-fold in the last year, mainly due to Bloomage Biotech's successful IPO on China’s STAR Board in November last year. As one of the world's largest hyaluronic acid producers, Bloomage completed its privatization and delisting at a valuation of US$700mn in 2017 after 9 years of listing on the Hong Kong Stock Exchange. It returned to A shares last year, and its market value rose to US$5.7bn on the first day of listing. Last year Bloomage's revenue reached US$270mn, a year-on-year increase of 49%. At present, its production of hyaluronic acid produced accounts for 40% of the world and 70% of China.

Jenny Qian Zhiya, 43, ranked 42nd with US$1.7bn. Qian Zhiya was the COO of UCAR in her early years. After leaving UCAR, Qian founded Luckin Coffee in 2017 and built the coffee chain into a billion-dollar business in just 9 months, listing it on Nasdaq last year, with a current market value of nearly US$9bn.

Chrissy Luo Qianqian, 47, ranked 42^nd with US$1.7bn. A report released last year by the Neuroscience Research Institute she co-founded with husband Chen Tianqiao shows that in 2018, the institution achieved more than 10 breakthrough results in the field of brain science, including face recognition, brain-machine interface, decision-making behavior science, cognitive science, and brain imaging.

Lucy Peng Lei, 49, ranked 80^th with US$1.2bn. One of the 18 founders of Alibaba, Peng started out as responsible for Alibaba's human resources, then in 2013, led Ant Financial, before moving to Singapore to head up e-commerce platform Lazada.

Qian Ying, 54, ranked 80^th with US$1.2bn. In 1992, 26-year-old Qian and her husband Qin Yinglin joined the pig breeding business. From the initial 22 pigs to more than 10 million pigs this year, Muyuan has developed into a leading domestic pig breeding company. Last year's financial report showed that Muyuan’s sales revenue reached US$2.9bn.

Dong Mingzhu, 66, ranked 94^th with US$10bn. Dong joined state-owned Gree in 1990,  before leading a management buyout a couple of years ago. In February this year, Gree invested US$2.8mn to enter the medical industry.

Kylie Jenner, 22, launched her own beauty products in 2015. In 2016, Kylie Cosmetics was born. In the same year, Kylie founded her Kylie Shop. The wealth that the two brands have brought together has made her the world's youngest self-made female billionaire.

On an abandoned filling station in Watonga, Judy Love, 82, and her husband Tom Love founded Musket Corp, the predecessor to Love’s Country Stores. Judy is the company's executive secretary and chairman of the Love Family Fund, and three of her four children are currently active in the company.

Peggy Cherng, 72, co-founded Panda Express in 1983 and serves as the co-CEO of Panda Restaurant Group.  With US$4.8bn, she is one of America's richest self-made women. With revenues of US$3 bn, and with a presence in 2000+ locations, the Panda Restaurant Group is the largest Asian fast food chain in the United States. Interestingly enough, Cherng does not franchise, owning and operating each of their restaurants.

With US$4.3bn, Judy Faulkner, 77, is the CEO and founder of Epic Systems which handles the medical records of 60% of patients in the country. Based in the American city of Verona, Epic currently employs 10,000 people. Faulkner’s next mission is to create an “Alexa” equivalent that would completely free the doctors from feeding data using keyboard.

With a wealth of US$2.6bn, Lynda Resnick, 76, is the founder of the Wonderful Company, which includes brands such as American beverage brand POM Wonderful and Fiji water. In September 2019 Lynda and husband Stewart pledged US$750mn to Caltech, comprising of a US$400mn gift and a US$350mn sponsored research agreement to Support Environmental Sustainability Research.

With US$5bn, Denise Coates, 53, is the founder of global gambling business Bet365. The UK’s highest-paid CEO, Coates took home a record-breaking US$422mn paycheck in 2019. After graduating in econometrics, Coates bought the Bet365.com domain on eBay for US$25,000 and grew it to a multibillion dollar business.

With US$2.3bn, Kiran Mazumdar-Shaw, 67, started Biocon in 1978 and has successfully led the biopharmaceutical company in the field of complex APIs and molecular biology. Mazumdar-Shaw also sits on the board of Infosys and was the first woman business leader from India to sign the Giving Pledge. Kiran was awarded the Hurun India Most Respected Entrepreneur of the Year 2017.

With US$2.2bn, Facebook COO Sheryl Sandberg ranked 37. Sandberg joined Google as a business-unit general manager in 2001 and later joined Facebook as its COO in 2008. She became the first female member on the social media company's board of directors in 2012.

TABLE: By Country - Self-made Women Billionaires

China ranked first with 61 female entrepreneurs, the USA ranked 2^nd with 19, and the UK ranked 3^rd with 6. India, another world's most populous country, is one more than last year and ranked 4^th.

Source： Hurun Richest Self-Made Women in the World 2020

"-" unchanged from last year, "*" represents a new Top 5 compared to last year

TABLE: By City - Self-made Women Billionaires

Most of the Top 5 cities come from China, with Beijing ranked first, Shenzhen and Shanghai ranked 2^nd and 3^rd, respectively. Hangzhou, Xiamen and California are among the Top 5 newcomers.

Source： Hurun Richest Self-Made Women in the World 2020

"-" unchanged from last year, "*" represents a new Top 5 compared to last year

TABLE: By Industry – Self-made Women Billionaires

Manufacturing is still the most important source of wealth for self-made female entrepreneurs worldwide, with 15 people on the list; followed by real estate and technology, each with 14 people. The investment and financial services industries have risen rapidly in the past year; the retail and hotel industries have fallen more in the past year.

Source： Hurun Richest Self-Made Women in the World 2020

↑" means up from last year， "↓" means down from last year，"-" unchanged from last year , "*" new

TABLE: By Emerging Industry – Self-made Women Billionaires

The proportion of emerging industries has gradually increased. Of the global self-made female entrepreneurs, 33% of Chinese entrepreneurs accumulate wealth through emerging industries, and 67% are engaged in traditional industries, which is the same as the Hurun Global Rich List. Among the entrepreneurs on the list of emerging industries, the most were from advanced manufacturing and healthcare, with 9 each, accounting for 53% on the list of emerging industries. Ranked first in advanced manufacturing is Zhou Qunfei of Lens, followed by Luxshare Precision Wang Laichun. Ranked first in the healthcare is Zhong Huijuan of Hansen, followed by Zhao Yan of Bloomage.

Source： Hurun Richest Self-Made Women in the World 2020

TABLE: Youngest self-made Women Billionaires

There are 8 people aged 45 or younger, 5 of whom are from China.

Source： Hurun Richest Self-Made Women in the World 2020

Top 20 Richest Women in World

Alice Walton, 70, the eldest daughter of Walmart founder Sam Walton, is the richest woman in the world with US$59bn, followed by L'Oreal’s Francoise Bettencourt Meyers, 66, with US$56bn.  Amazon's 49-year-old Mackenzie Bezos ranks 3^rd with US$44bn. A total of 5 of the Top 20 are from China.

Of the 20 richest women in the world, three are self-made from China, and others have inherited their wealth. Of the world's 20 richest men, 17 are self-made. Inheriting the wealth are India's richest man Mukesh Ambani, Walmart's Walton Brothers and Hermes’s Bertrand Puech & family.

TABLE: Top 20 Richest Women in World

Source：  Hurun Research Institute

↑" means up from last year， "↓" means down from last year，"-" unchanged from last year , "*" represents a new top 20 compared to last year   ※ Self-Made

Reference Information

Hurun Richest Women in China 2019

(16 October 2019, Beijing) Hurun Report released the Hurun Richest Women in China 2019. This was the 14^th consecutive release of the Hurun Richest Women in China Top 50. For more information on Hurun Richest Women in China 2019, please visit: https://www.hurun.net/CN/Article/Details?num=8B3255858882

Methodology

Wealth valuations are from the Shimao Shenkong International Center·Hurun Global Rich List 2020, released 26 February 2020. 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: Bill & Melinda Gates, Mark Zuckerberg and Priscilla Chan.  For the purpose of this list, we have separated out the wealth of the women.  In the case of Robin Li Yanhong 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 assumed they own 50% each.

Hurun Richest Self-Made Women in the World 2020

About Hurun Report Inc.

Promoting Entrepreneurship through Quality Lists and Research

Hurun Report generated 300 million views globally every month last year, through putting out quality lists and research.

Established in 1999, 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 Research Institute ‘World’s Largest Rich List Provider’

These past twenty years have seen the fastest wealth creating period in the history of the world.

Other lists Hurun puts out include: 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 300 million views a month in China’

The Hurun brand has become one of the few media brands to become a household name across China and India.

Hurun Media monetizes 2 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 does events across the world.  In the last year, Hurun Report has held events in Toronto, New York, LA, London, Paris, Istanbul, Luxembourg, Sydney and Singapore. 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.

Download: 

Hurun Richest Self-Made Women in the World ENG&CHN 200316.xls

新闻稿：《2020胡润全球白手起家女富豪榜》200316.doc

Hurun Richest Self-Made Women in the World ENGLISH 20200316.doc