ELIZABETH YANG HUIYAN, 41, OF REAL ESTATE DEVELOPER COUNTRY GARDENS TOPPED HURUN RICHEST WOMEN IN CHINA 2022 WITH US$10.7BN, DOWN 59%.

RICHEST SELF-MADE WOMAN WU YAJUN, 58, SECOND WITH US$10.5BN, DOWN 23%.

PROPORTION OF INHERITED WEALTH REACHED 43%, HEIGHEST EVER, WITH 26, 3 MORE THAN LAST YEAR

11 NEW FACES, 7 LESS THAN LAST YEAR. 6 OF THEM ARE SELF-MADE

ENERGY INDUSTRY WAS SECOND LARGEST SOURCE OF WEALTH FOR FIRST TIME. REAL ESTATE STILL NUMBER ONE

 WOMEN BORN IN GUANGDONG LED, FOLLOWED BY WOMEN IN JIANGSU

HURUN RESEARCH INSTITUTE RELEASES HURUN RICHEST WOMEN IN CHINA 2022, IN ASSOCIATION WITH WOMEN IN BUSINESS PLATFORM HEROSE CLUB

l    For the first time, energy became the second largest source of wealth for women entrepreneurs, accounting for 10% of the list, up 1%. Real estate remained the main source of wealth, with 17% of the list, down 1%. Metals and mining, Non-ferrous metals, Consumer Products and F&B tied for third place, accounting for 7% of the list.

l    Traditional sectors rose to 74% from 67% last year, while emerging sectors fell to 26% from 33% last year.

l  The proportion of B2B companies rose, from 54% last year to 63% this year.

l    37% are consumer brands, such as real estate brands Country Garden and Longfor, soya sauce brand Haitian, soft drinks brand Wahaha, home appliance brand Midea, laundry detergent brand Blue Moon, hotpot restaurant brand Haidilao, etc.

l    10 are from the 1980s, 1 more than last year. Only 1 of these is self-made, the other 9 inherited wealth.

l    The average age is 57, the same as last year.

l    Beijing remains the top city for women entrepreneurs with 8, up 2; Shenzhen and Hong Kong tied for second with 5 each; Foshan ranked fourth with 3. A total of 17 live in the Guangdong-Hong Kong-Macao Greater Bay Area. 4 live outside China, including two in the US and 1 each in Singapore and the UK.

l    In terms of birthplace, Guangdong once again ranked first, with 7, 2 more than last year; Suzhou ranked second with 5, 1 less than last year; Zhejiang ranked third with 4, 1 more than last year. Among the self-made female entrepreneurs, the most were from Guangdong and Jiangsu.

(12 December 2022, Shanghai) The Hurun Research Institute today released, in association with the women in business platform Herose Club, the Hurun Richest Women in China 2022, a ranking of the Top 50 richest women. Wealth calculations are from 15 September. This is the 17^th year of the list.

The proportion of women entrepreneurs on the Hurun China Rich List rose to 26.7% from 26% last year, with 60% of them self-made.

The total wealth of the Top 50 richest Chinese women entrepreneurs is US$218bn, down 20% from last year. Compared with the total wealth of the Top 50 richest Chinese men, the men are three times richer. Only 15 of the women saw their wealth increase this year, of which 11 were new to the list. 46 saw their wealth decline or stay the same from last year, and 9 of them dropped off the list this year. The average age is 57, the same as last year. 57% are self-made and 43% inherited their wealth.

This is a brief translation from the original Chinese-language press release, which can be found on www.hurun.net.

Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said: “Hurun Report has been telling entrepreneurs’ stories for more than 20 years. Our Hurun Richest Women in China is a snapshot of China's most successful women in business, a story we have now been telling for seventeen years. Although we only list the Top 50 women from the more than 450 on the Hurun China Rich List, I hope their stories can inspire you to understand more about the entrepreneurial spirit of Chinese women.”

“The average wealth of female entrepreneurs on the list was US$4.2bn, down 20% from last year, but still up 10% from three years ago pre-pandemic.”

“The self-made women on the list were born in 1963 on average, started a business in 1994 at the age of 31, and are 59 years old this year.”

“The women inheritors were born in 1975 on average, inherited their wealth in 2008 at the age of 33, and are 47 years old this year.”

Giggs Chen Youyu, chairman of Herose Holding, said: “It is a great pleasure to release with leading research house Hurun Report the Herose Club · Hurun Richest Women in China 2022. This list reflects the entrepreneurial spirit of women in business in China. We salute these leading women in business. At a time of unprecedented change, the market is in urgent need of emerging new forces. Women in business are undoubtedly a key driving force of the new economy. Herose will continue to help promote the growth, evolution and wealth creation of women in the business world."

Top 10 of Hurun Richest Women in China 2022

Elizabeth Yang Huiyan, 41, topped the Hurun Richest Women in China 2022 with US$10.7bn. Her family was among the Top 50 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. In the first half of this year, Country Garden's revenue was down 18% year-on-year.

Wu Yajun, 58, down 23% ranked 2^nd with US$10.5bn. Her family was among the Top 50 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. In the first half of this year, Longfor recorded a 56% year-on-year increase in operating revenue.

Kwong Siu Hing, 93, ranked 3^rd for the first time with US$9.9bn, up 2 places. Kwong was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022.

Chen Lihua, 81, ranked 4^th with US$8.3bn, up 3 places from last year. Chen was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022.

Wang Laichun, 55, ranked 5^th with US$8bn, up 5% and 4 places from last year. Wang was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. Luxshare Precision’s products mainly serve the consumer electronics, communications and data center, automotive electronics and medical fields. Operating revenue in the first half of this year was up 70% from a year earlier.

Zhong Huijuan, 61, ranked 6^th withUS$7.3bn, down 27% and 1 place from last year.  Zhong was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022.

Zhao Yan, 56, ranked 7^th with US$7.1bn, down 12% and up 1 place from last year. Zhao’s family was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. In the first three quarters of this year, Bloomage revenue grew 22% year-on-year.

Yan Xin, 39, increase 123% with US$7bn ranked 8^th. Yan was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. Yan’s business is the building of roads and bridges.

Jian Jun, 59, increase 5% ranked 9^th with US$6.6bn, up 5 places from last year. Jian was among the Top 100 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022. Imeik has developed and commercialized seven medical beauty products. In the first three quarters of this year, operating revenue grew 45% year on year.

Cheng Xue, 52, down 18% ranked 10^th with US$6.3bn, down 1 places from last year. Cheng was among the Top 150 of the HENGCHANGSHAOFANG·Hurun China Rich List 2022.  In the first three quarters of this year, the operating revenue of Haitian Food industry increased by 6% year-on-year. Net profit edged down 0.9% from a year earlier.

New faces

Fastest risers - By absolute wealth

Biggest drops

Where do they live?

Geographical distribution

Which Industries are they doing?

Self-made or inherited?

34 were self-made, the same as last year, accounting for 57%.

26 inherited, 3 more than last year, accounting for 43%.

Chinese Star Signs

Chinese Star Signs on Hurun Richest Women in China 2022

Comparison with the Chinese Star Signs of the Hurun China Rich List 2022

Herose Club · Hurun Richest Women in China 2022

About Herose Club

Herose Club, the world's leading growth and social platform for business women.

With the rise of her economy, since its establishment in 2009, Herose Club has had more than 8,000 active members nationwide, influenced 300,000 enterprise decision-makers and nearly 2 million new media users, and has branches in 15 cities nationwide. It is a growth and social platform for business women with large scale, deep service and wide influence in China.

Herose Club is committed to the cohesion and promotion of her strength, to conclude business women with tacit understanding of value, to accurately connect with the business contacts, and to build a sustainable elite ecosystem. The original "San Sheng Service" system of Herose Club not only focuses on “business”, but also extends the definition of “life” and “social”:

Life growth: Create a sacred site for women's lifelong cultivation, and help members achieve diversified growth and ultimate improvement of life through comprehensive courses from the inside out and systematic soft business evolution system.

Social life: Meet a high-quality lifestyle, experience warm and efficient elite social life, and become the permanent holder of the exclusive social pass at Herose Club.

Business empowerment: Gather the potential energy from the platform to help the business development of members. The resource network throughout the country helps members to develop business ideas, find business partners and grasp market opportunities.

In 2023, Herose Club’s strategic development 2.0 will be launched in a new way, broaden its service territory, deepen its service value, accelerate the growth of more women towards excellence, take on soft responsibilities, and achieve extraordinary life.

About Hurun Inc.

Promoting Entrepreneurship Through Lists and Research

Oxford, Shanghai, Mumbai, Sydney, Paris

Established in the UK in 1999, Hurun is a research, media and investments group, promoting entrepreneurship through its lists and research. Widely regarded as an opinion-leader in the world of business, Hurun generated 8 billion views on the Hurun brand last year, mainly in China and India.

Best-known today for the Hurun Rich Index series, telling the stories of the world’s successful entrepreneurs in China, India and the world, Hurun’s two other key series include the Hurun Start-up series and the Hurun 500 series, a ranking of the world’s most valuable companies.

The Hurun Start-up series begins with the Hurun U30s, an awards recognizing the most successful entrepreneurs under the age of thirty, and is today in seven countries. Next up are Hurun Cheetahs, Chinese and Indian start-ups with a valuation of between US$300mn to US$500mn, most likely to go unicorn with five years.  Hurun Global Gazelles recognize start-ups with a valuation of US$500mn to US$1bn, most likely to go unicorn within three years. The culmination of the start-up series is the Hurun Global Unicorn Index.

Other lists include the Hurun Philanthropy Index, ranking the biggest philanthropists, the Hurun Art Index, ranking the world’s most successful artists alive today, etc…

Hurun provides research reports co-branded with some of the world’s leading financial insitutions, real estate developers and regional governments.

Hurun hosted high-profile events in the last couple of years across China and India, as well as London, Paris, New York, LA, Sydney, Luxembourg, Istanbul, Dubai and Singapore.

For further information, see www.hurun.net.

For media inquiries, please contact:

Hurun Report

Porsha Pan

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Email: porsha.pan@hurun.net

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