Major Headlines From the List

  1. ‘China Property Queen’ Wu Yajun, 55, takes title of Richest Self-Made Woman in the World, on back of 13% rise in wealth to US$9.8 billion.
  1. 57% from China, down 6% from last year, but still far and away the Number One in the world, three times as much as the USA. UK came in third.
  1. ‘Touchscreen Queen’ Zhou Qunfei, last year’s number One, dropped down 13 places to 14th, losing 63% of wealth to US$3.4 billion on back of share price fall.
  1. Beijing, Shenzhen and Shanghai Top 3 preferred cities for world’s richest self-made women. 5 of Top 6 cities for world’s most successful women in business in China.
  1. ‘Hot Pot Queens’ Shu Ping and Li Haiyan of HaiDiLao and ‘Soya Sauce Queens’ Cheng Xue, 49, and Li Xuhui, 51, of Haitian amongst fastest risers
  1. New faces led by ‘Polyester Queen’ Fan Hongwei, 52, straight into the Top 10 with US$3.9bn, followed by Lu Zhongfang, 77, of China civil service examination training platform Offcn.
  1. 4 of the 5 youngest self-made women billionaires from China, led by 38-year old China entertainment investor Wu Yan, with US$1.3bn.
  1. Francoise Bettencourt Meyers, granddaughter of L’Oréal founder, is the world’s richest woman with a fortune of US$49 billion. Of the 20 richest women in the world, 19 inherited and only one, Wu Yajun, is self-made. Of the 20 richest men in the Hurun Global Rich List, 14 are self-made.
  1. Two of the Chinese are delegates to the National People’s Congress (Chen Ailian) or CPPCC (Zhou Qunfei)

Hurun Research Institute and Mini World jointly release Hurun Richest Self-Made Women in the World 2019

Diane Hendricks at Ironworks, the old foundry complex she converted into a commercial space, in Beloit, Wis., June 6, 2017. Hendricks is remaking Beloit, a town that used to make paper-making machines and diesel engines, into a place where startups can create the next billion dollar idea.

Diane Hendricks at Ironworks, the old foundry complex she converted into a commercial space, in Beloit, Wis., June 6, 2017. Hendricks is remaking Beloit, a town that used to make paper-making machines and diesel engines, into a place where startups can create the next billion dollar idea.

Key Findings:

  • 33 women on the list saw their wealth rise, led by entrepreneurs from the food industry: Shu Ping and Li Haiyan, co-founders of Chinese hotpot brand HaiDiLao and Cheng Xue and Li Xuhui, co-founders of soya sauce brand Haitian. Others included Mei Dong from down jacket brand Bosideng, Tory Burch of the eponymous American fashion brand, and Winnie Enevoldsen of Danish jewelry brand Pandora.
  • 9 made the list for the first time, led by Fan Hongwei of Hengli Chemical Fibre, who shot straight into the Top 10, followed by Lu Zhongfang of training platform Offcn.
  • With 51 billionaires, China has produced 57% of the world’s self-made women billionaires. The US is second with 18, followed by the UK with 6. According to Hurun Global Rich List, China topped the list with 658 billionaires, 74 more than the USA with 584
  • Manufacturing lost six billionaires compared with last year, but still remained the world’s biggest source of wealth for self-made women, with 14, followed by real estate (13), retail (11) and tech (11). On the Hurun Global Rich List, tech was top, followed by real estate, investment, manufacturing and retail.
  • Only 5 are 45 or under, down by half from last year. Wu Yan, 38, of Chinese entertainment platform Hakim, was the youngest self-made billionaire, followed by Chen Xiaoying, 43, from express delivery brand Shentong Express, and Tatyana Bakalchuk, 43, from Russian e-commerce platform Wildberries.
  • The average age was 60, 4 years younger than the average age of the Hurun Global Rich List.
  • 64% had listed companies, down 5% from last year.
  • 13% share their wealth with their spouses, down from 17% last year.
  • Women accounted for 15.5%, up slightly from 15.3% last year, of the Hurun Global Rich. Five years ago, it was only 11%.
  • Hurun Research Institute, the world’s largest rich list provider, has released the 9th edition of Hurun Richest Self-Made Women in the World.

TABLE: Top 10 Self-Made Women

4 of the Top 10 were from China, and Wu Yajun became the world’s richest self-made woman. Two new entrepreneurs made the top 10 this year: Peggy Cherng of Panda Express and Fan Hongwei of Hengli.

Name Net Worth  (US$Bn) % change Main Company Age Country of Residence
1 Wu Yajun 9.8 13% Longfor 55 China
2 Diane Hendricks 7.5 29% ABC Supply 72 USA
2 Chen Lihua 7.5 -1% Fu Wah 78 China
4 Judy Love & Tom Love (Husband) 6.2 24% Love’s Travel Stops & Country Stores 81 USA
5 Denise Coates 5.7 24% Bet365 52 UK
6* Peggy Cherng & Andrew Cherng (Husband) 5.0 21% Panda Express 71 USA
6 Zhang Yin 5.0 -28% Nine Dragons Paper 62 China
8 Tina Green & Philip Green (Husband) 4.4 -3% Arcadia 66 Monaco
9 Lynda Resnick & Stewart Resnick (Husband) 4.2 -2% Roll International 75 USA
10* Fan Hongwei 3.9 New Hengli Chemical Fibre 52 China

Source: Hurun Richest Self-Made Women in the World 2019, in association with Mini World

” means up from last year, “” means down from last year,”*” represents a new top 10 compared to last year

‘China Property Queen’ Wu Yajun, 55, of Longfor took back her title of World’s Richest Self-made Woman for the first time in seven year with US$9.8 billion, up 13% from last year. Property developer Longfor last year achieved sales of US$30bn, up 29%, and has 20,000 employees. Wu was a delegate to the last two sessions of the National People’s Congress.

Former richest self-made women in the world, ‘Beijing Real Estate Queen’ Chen Lihua, 78, tied for second with a fortune of US$7.5 billion. Chen is best-known for owning a significant chunk of downtown Beijing.

‘Paper Queen’ Zhang Yin, 62, came in sixth with US$5 billion, down 28%. Nine Dragons has become the largest modern packaging and paper group for environmentally friendly paper in the world. Last year it bought two more integrated pulp mills in America. Zhang was a delegate to the previous three CPPCC, a top political advisory body.

Fan Hongwei, 52, entered the Top 10 for the first time with US$3.9 billion. Co-founded Hengli Chemical Fibre, which made the Fortune Global 500, ranking 235th.

Billionaire Wu Yajun, chairman of Longfor Properties Co., attends a news conference in Hong Kong, China, on Wednesday, March, 18, 2015. Longfor Properties set 2015 contract sales target at 54b Yuan. Photographer: Jerome Favre/Bloomberg via Getty Images

Billionaire Wu Yajun, chairman of Longfor Properties Co., attends a news conference in Hong Kong, China, on Wednesday, March, 18, 2015. Longfor Properties set 2015 contract sales target at 54b Yuan. Photographer: Jerome Favre/Bloomberg via Getty Images

TABLE: By Country – Self-made Women Billionaires

China topped the list with 51 female entrepreneurs, followed by the USA and the UK. India, the world’s other most populous country, has only one female entrepreneur on the list, Kiran Mazumdar-Shaw, 66.

Country No of Billionaires(changes) Richest Women Age Net Worth  (US$Bn)
1 – China 51 (-13) Wu Yajun 55 9.8
2 – USA 18 (0) Diane Hendricks 72 7.5
3 – UK 6 (0) Denise Coates 52 5.7
4↑ Monaco 2 (+1) Tina Green & Philip Green (Husband) 66 4.4
5↓ Australia 1 (-1) Vicky Teoh & David Teoh (Husband) 61 1.8
5 – Brazil 1 (0) Dulce Pugliese De Godoy Bueno 71 2.4
5 – Denmark 1 (0) Winnie Enevoldsen & Per Enevoldsen (Husband) 1.1
5 – Germany 1 (0) Hedda Im Brahm Droege 63 2.3
5 * Russia 1 (+1) Tatyana Bakalchuk 43 1.1
5 * South Korea 1 (+1) Yoo Jung Hyun 2.2
5 – Nigeria 1 (0) Folorunsho Alakija 68 1.9
5 – Spain 1 (0) Hortensia Herrero 69 2.2
5 – Singapore 1 (0) Christina Ong & Ong Beng Seng(Husband) 1.4
5 – Italy 1 (0) Giuliana Benetton 82 2.7
5 – India 1 (0) Kiran Mazumdar-Shaw 66 3.6
5 – Vietnam 1 (0) Nguyen Thi Phuong Thao 49 1.8

Source: Hurun Richest Self-Made Women in the World 2019, in association with Mini World

” means up from last year, “” means down from last year,”-” unchanged from last year , “*” represents a new top 10 compared to last year

TABLE: Top 5 Youngest self-made Women Billionaires

Only 5 are 45 years old or younger, down by half from last year. Wu Yan from Hakim, 38 years old, became the youngest female entrepreneur on the list, followed by Chen Xiaoying, 43, from Shentong Express, and Tatyana Bakalchuk, 43, from Russian e-commerce platform Wildberries.

Age Name Main Company Net Worth  (US$Bn)
38 Wu Yan Hakim 1.3
43 Chen Xiaoying Shentong Express 1.3
43 Tatyana Bakalchuk Wildberries 1.1
44 Chen Liying Yunda 1.4
45 Wu Lanlan YUTO 1.4

Source: Hurun Richest Self-Made Women in the World 2019, in association with Mini World

(Special permission obtained from Hurun Report, complete Hurun Richest Self-Made Women in the World 2019 available on http://www.hurun.net/EN/ )