They hold up half the sky: six of every 10 of the world’s self-made, women billionaires are in China
The 2017 Hurun Report shows 49 Chinese women are on the global list of self-made billionaires, making up 63 per cent of the worldwide total.
Rapid wealth creation in China has dramatically redrawn the global rankings among self-made women, with the mainland now dominating the list of women billionaires, led by touch-screen maker Lens Technology’s founder Zhou Qunfei, according to the Hurun Report.
There are 78 self-made women entrepreneurs worldwide whose total wealth exceeds US$1 billion, 49 of them, or 63 per cent, are from China, according to the Hurun Richest Women in China 2017 report released on Thursday.
In fact, Chinese women have eclipsed their global counterparts to take the top five spots in terms of wealth among self-made billionaires, according to Hurun.
In addition, the report showed that the wealth growth among female Chinese entrepreneurs expanded at the fastest pace ever.
Mao Zedong famously observed that women “hold up half the sky.” The top 50 richest women in China own average assets worth 23.1 billion yuan (US$3.48 billion), or a combined 1.2 trillion yuan, up almost 50 per cent from 2016.
The benchmark to rank among China’s 50 wealthiest women has risen to 10 billion yuan in 2017, up nine times from a decade ago.
