cathrine's blog

Yang Huiyan, women are still comparatively young age, 27 years old, listed in Forbes magazine as the third richest person in China today. The crisis that hit the world economy helped beat her, but she remained firm occupies the main line of the richest men in China and Asia's richest woman. Who Huiyan and how success story? Here is his review.

The father's successor

Yang Huiyan is a lucky girl to have a father Yang Guoqiang. Name Huiyan gaining popularity since her father Yang Guoqiang gave majority ownership of the company Country Garden Holdings just before the company went public in the capital market.

His own father initially only a farmer and part-time construction worker in Guangdong Province, Southern China. Guoqiang success started when he began buying land and then develop the land and founded the company Biguiyuan (Country Garden) in 1997.

Guoqiang apparently wanted Huiyan, second daughter of three children as successors. This can be seen from the fact that Huiyan in adolescence is often invited to attend the board meeting. To establish the plan, the father sends her beloved daughter to college at Ohio State University in the United States. Huiyan graduated from the Department of Marketing and Logistics of the university in 2003.

Make IPO success Huiyan Millionaire

Since about the year 2004, Huiyan started managing his father's company at the time receiving medical care in the United States. In fact, he also brought a new management team from the U.S. to replace the old management team. Then in 2005, Huiyan received more than 58% ownership stake Country Garden from his father, just before the company completes initial public offering to the public.

Huiyan overnight become the richest man in China when Country Garden shares skyrocketed at the time of IPO to the public (IPO). Its shares soared 35% driven by good demand from retail and institutional investors. Country Garden had established a record as the largest IPO by a Chinese developer to raise funds worth 1.66 billion U.S. dollars, equivalent to 18:26 trillion.

Since then, the name Huiyan exploded in China and won great attention from the public. In fact, the video of her marriage with the husband who she met through a blind date had circulated on Youtube popular in 2006.

Global Crisis Hitting Exchange

Country Garden IPO success in 2007 can not be separated from the booming property sector at the moment. This is based on the expectation that real estate was going to become the backbone of China's economic growth. At that time, during the last 10 years China achieved an average double-digit growth of 12.2%, compared with the United States alone which only reached an average growth of 5% for the same period. China is a land favored by investors throughout the world.

Sadly, then real estate crisis since the end of last year hit the U.S. economy, and contribute to a negative impact on global stock markets. As an illustration, China's stock plunged as much as 60% and Hong Kong stock exchange fell by 50% in the year 2008. Surely this factor contributes to the destruction of wealth of the millionaires of China. The wealth of China's 400 richest billionaires dropped from $ 288 billion (3.2 quadrillion dollars) to only $ 173 billion (1.9 quadrillion). Meanwhile, the wealth of 40 richest people also slumped as much as $ 68 million or 57%.

Richest Asian Women Stay

In the year 2007 and, at the age of 26, Yang Huiyan steadily occupy the top ranks as the richest man in the Chinese version of Forbes magazine with a fortune valued at $ 16.2 billion (178.2 trillion rupiahs). Had he in the U.S., for example, the wealth would exceed Michael Dell (founder and CEO of Dell) and Steve Ballmer (CEO Microsoft). At that time, Huiyan also automatically listed as the richest woman in Asia. This year, also Huiyan 125 positions in the world's richest billionaires Forbes However, Country Garden shares fell sharply following the part that happens to weakening property sector, China. As a result of market capitalization due to blow down the company's stock, then the property automatically Yang Huiyan also drastically reduced. According to Forbes magazine, which hit a crisis resulting wealth destroyed his business for $ 14 billion (154 trillion rupiahs) or equal to 80 percent. However, even then, remain strong Huiyan put himself in line number 3 as the richest man in China, as well as the richest young women in Asia with a net worth of $ 2.2 billion (24.2 trillion). Same with Huiyan, billionaire-millionaire other Chinese also seem to swallow the bitter pill from the global stock slump.