Asia's richest woman loses half her wealth in China property crisis

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BEIJING: Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday (Jul 28). Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52

BEIJING: Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday .

Yang inherited her wealth when her father - Country Garden founder Yang Guoqiang - transferred his shares to her in 2005, according to state media. Buyers across the country, furious at lagging construction and delayed deliveries of their properties,

 

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