Yang Huiyan, the richest woman in China, recently sold about 7 per cent of her stake in Country Garden Services Holdings, cashing out about HK$5.055 billion (approx. $660 million). The share price fell nearly 16 percent the next day.
The “2022 Hurun Women Entrepreneurs List,” released on Dec. 12, ranked Yang as China’s richest woman again, with personal wealth of 75 billion yuan (about $10.5 billion). This is the tenth time that Yang has been the richest woman in China, although her wealth shrank by 59 percent this year compared to last year, due to the downturn in China’s real estate market.
