In china there are many more millionaires than in USA.
x 1000
In china millionaire wear normal t-shirts,Normal pants and wear flipflops and dirty side bags, but if you check there bank account they have millions of dollers.
I lived in Hk/china for 14 years and i now i living in UK.
for a forbes listed women she worth 16billion dollar, amazin how they make so normal wedding, even the money is inherited to her, she still got the money, dont hate *still got the money
Her money was made on the Chinese stock market - which IS NOT a free trade market - it's prices are controlled by the Chinese government - they allowed her stock to rise - they can make it fall tomorrow!! She was simply born to the right father - at the right time!!
And her relationship with the Chinese government MUST be very good - or they would not have allowed her to gain such great wealth!!!!
You are forgiven by me. I understand that your last comment is out of jest. But I also understand your defensive measures. A lot of Americans dont like China (probably because they are misinformed). Many of Shanghai's large companies are led by british, american and other western origin people. China has offered the free market economy a chance to increase economies of scale due to cheap labout and resources that it has. As a result, it has a currently prosperous economy.
lol DJIAMI.. I wonder why the majority of people hate your comment? What you said was not wrong. Real love is the love of your God. You never know your real Father, and yet you still love him, that is in my opinion, real love.
If people just saw that, then we wouldn't be rated badly. hahaha
Nice Video. Check out TubeViews (dotnet) If you need your video exposed, It has really helped me a bunch. Be blessed!
Have you heard of this program that actually send thousands of text messages advertising your business for you, i think the url is w w w . a u t o t e x t s e n d e r . c o m
Are you not provided free for that which you ask?Spending money on things doesn't mean that what you buy isn't actually free. The money came from somewhere didn't it?Who does provide for you from when you are born?Your mother and your father? No, they were also born the same way you were and amassed things with the help of their forefathers. In the beginning, who provided for you to exist today?Everything is given to us free, so long as we continue to dig in last seasons crops, and grow new ones
@BrittnyJanay thats not rational?!?!? LOL. being a whinny brat asking such a meritless question is PATHETIC. Thats like saying, why can't I be Britney Spears? Is that rational? Hell no. Its pathetic and lame. Shes rich, youre not, Im not, thats life and it sucks.
Funny how many people are poking of this video, regardless what you say, the broad has 16 billion dollars, what do you have??? I'd marry her and drink off a plastic cup too!
To each his own - it doesnt matter if ur French or Chinese or Arabian or Nigerian or Cuban or Vietnamese and such. TO EACH HIS OWN ! No need to "make fun" of other races that look different from you ! I was a racist once but now I'm more of a human being and I "RESPECT" whatever they do - what you think is WEIRD might be Common to them ! PEOPLE, STOP being selfish and self-centered !! If you dont understand another culture - best to leave them alone and mind your own personal problem !
lol. lookie... here's how the Chinese fools react. They thumb you down just because you don't agree with them and they flame you for your point of view. Guess that's what the commies did to them after years of brain washing.
by the way, peasant (now defunct user, most likely banned by youtube), learn some English before attempting to hurl insults using English. God, am I glad I am not a Chinese Chinese. Fucking peasants.
ROUND ASS, FIRM BOOBS, PRETTY LEGS, NICE FACE, TIGHT HOLES, SWEET PUSSY JUICY....ZOOM, DIGITALCAM, TOYS, SOUND, IM NOT SHY. Why You Should See My CAM!: BECAUSE I WANT SHOW YOU WHAT YOU NEVER SEEN BEFORE NOWHERE .............MEEEEEEEEEEE so what you waiting for! come visit me at _ FriendlyFlirts(.COM) _ my user-id there is Savannah-qpqw chat soon on cam :) xnakaoazk
lol. you know? simple can be simple. say... I would ditch the Chinese crap AND the western crap altogether. what is wrong with having a BEACH WEDDING!?? Absolutely perfect!
In fact, there is no need for guests. the whole thing about 'tradition' and 'formalities' is taken way out of context by some people. A lot.
and this Chinese clip just goes to show... in the 'need' to SHOW... sometimes shows you ain't got much INSIDE.
on second viewing... it's a really strange twilight zone. tons of shitty red and yellow, etc... . I mean... bloody hell, red balloons! balloons = western. red = typically Chinese. wtf. half western and half eastern. really weird. why not just go ALL the way Chinese!? ditch the sleek cars and all that mobile phone crap. just use a horse carriage or something. why wear a suit while bride wears something traditional? go all the way, man! weird mish mash of half and halfs.
I'm Chinese too. Damn right they're peasants! jeez, wtf are they even wearing! the clowns are more bothered with the traditional 'to dos' than to be concerned about spending a really special time with each other. bollocks. this video shouldn't be here. Just showing a bunch of gaudiliy dressed farmers. could jolly well give $1 bil to some fashion consultant for a start. even the Arabs seem to have more style. dumb video. give me back my 5 minutes!
are u stupid or what - of course she could afford it dumbass. she affords to get u killed in a sec! remember its a communist country, maybe thats why they didnt want it exaggerated. or maybe theyre humble rich ppl who wants it simply and clean.
bedrijf 'Country Garden'. Daardoor is zij nu China's rijkste vrouw. Yang is een Bachelor of Arts & Science en studeerde aan de Universiteit van Ohio. Ze is inmiddels getrouwd. zo te zien
Banksaldo: $7.4 miljard. Deze Chinese is nog een jaartje jonger dan de nummer vijf uit dit overzicht, maar heeft maar liefst ruim drie keer zoveel miljardjes op de bank staan. Ook Huiyan kreeg de bakken met geld praktisch in de schoot geworpen van haar vader. In de vorm van een aandeel in zijn onroerend goed
wth is wrong with eating rice everyday.>!!!.. at least with eating rice, we are not overweight like eating cheeseburger@!!..shut the f*** up fool.....
That was the oddest wedding video I have ever seen and they look like regular joe schmo's, definitely not a billion dollar wedding but that might be how they are rich because they don't over do it with their money.
Brukernav... look asshole!!!... who said anything about selling yourself.. you have issues... is it difficult for you to find a girlfriend?... Is prostitute how you call your mother... blame yourself for your own inadequacy and failure.. and go hide under a rock. loser
The Chinese believe that an auspicious occasion like this must be real noisy. Yeah, they all look like ordinary folk until they whip out their private jets and gigantic jewelery.
she's china's richest woman with net worth 16.2 million. also all 40 of china's richest in 2007 are billionnaires with total value of 130+ million or billion. watch the news.
Why did her dad transfer all his shares to her? Did he deliberately want to suddenly go from being a multi-billionaire to having nothing at all? If so that would make him one of the greatest philanthropists of all time :) Was it some sort of tax dodge or what? I don't get it!
Yeung has a good relationship with the local government and is currently a member of the Standing Committee of the People's Political Consultative Conference in Foshan, one of the largest cities in Guangdong Province.
In 1992, Yeung and several partners built 4,000 houses in a Shunde development. Hit by a real estate tax implemented to cool down rising property prices the next year, Yeung had a hard time in selling the properties. To solve the crises, he built an international school inside the villa that eventually attracted affluent Guangzhou residents to the houses.
The 52-year-old Yeung was born in an impoverished village in Shunde, reportedly never wearing new clothes before he was 17. He earned a living by raising cattle and growing crops before becoming a bricklayer and contractor, according to the Hong Kong Economic Times.
People in Guangdong Province are familiar with Country Garden, which sold its first project -- Bi Gui Yuan -- in 1997 in Shunde, a city on the outskirts of provincial capital Guangzhou and one of China's richest urban areas. Over 10 years, the group has accumulated about 19 million square meters (7.3 square miles) of land reserves by the end of January.
The wealth of Yeung and Yang was hard to track in advance of the Country Garden offering. The co-founders had shunned the media, and, until a corporate reorganization last year, their investments were spread across more than 30 entities, including real estate development companies, a theme park, hotels, a decoration business and a management concern.
Yang Erzhu, another of the five founders of Country Garden, has also joined the ranks of China's billionaires, thanks to the IPO. He reportedly comes from the same village as Yeung. His 10.2% stake is worth about $1.5 billion.
In a statement on April 10, Country Garden said that Yang's ownership interest is not bound by a trust or any other arrangement with her father or other family members, and she has the freedom to manage her assets as she sees fit.
Yang holds a degree in marketing and logistics from Ohio State University. She joined the family business in 2005; that year, her father transferred his shares in the business to her, with the intention of grooming his daughter as his successor. According to Country Garden's offering prospectus, Yang currently is an executive director of the company, overseeing procurement, enterprise resources management and development strategies.
Yang's wealth puts her far ahead of Yan Cheung, chairwoman of Nine Dragons Paper, as China's richest person. Forbes estimated Cheung's wealth at $2.4 billion when our billionaires list appeared in March. Yang would also have ranked as the world's second-youngest billionaire, behind Prince Albert von Thurn und Taxis of Germany, and she would be the youngest woman on the list.
Having raised $1.7 billion in the initial public offering in Hong Kong, Country Garden is now the biggest developer in China, with a market value of about $15 billion.
Shares of Guangdong-based Country Garden surged 35.1% from the issue price of 5.38 Hong Kong dollars (69 cents) to 7.27 Hong Kong dollars (93 cents) on Friday, following strong demand from institutional and retail investors. The shares slipped a modest 5 Hong Kong cents (1 cent), to 7.22 dollars (92 cents) on Monday.
Yang owes her great fortune to the initial public offering of Country Garden Holdings, a real estate developer run by her father that posted sharp gains after debuting on the Hong Kong Stock Exchange last week.
Following is from the reports of Forbes: HONG KONG - It sounds like a fairy tale. Yang Huiyan, a 25-year-old woman, has virtually overnight become the richest person in China, with a net worth of nearly $9 billion.
Yang Huiyan,China's latest richest woman owns 10,000,000,000 USDs value share in her Hong Kong stock exchange market listed corporation called Country Garden Holdings based in Foshan City of Guangdong Province. China's richest woman is only 25 years old and actually represent her family to own the wealth.
is this a freaking joke????
balidancer 2 months ago in playlist THE WORLD RICHIEST PEOPLE home ,etc
American Army is illegal immigrant in Wealthy + Rich Asia ---
Illegal Immigration is a Huge Problem for Asia ----
illegal Immigrants of American Army are Secretly + deceptively coming to Asia and Staying in Asia and exploiting Resources of Asia
American Army is illegal Immigrant in Iraq + Afghanistan + South Korea + Japan
watup2154 9 months ago
poorest wedding..... sad
PAULA4181 1 year ago
I wish the richest woman's in Asia will help me to buy a Farm!!! I just want to farm...Thanks
chardnj 1 year ago
money cannot buy class or good taste. That will take a generation or two.
fleecemonkey 1 year ago
This has been flagged as spam show
Here is something to know for white people.
In china there are many more millionaires than in USA.
x 1000
In china millionaire wear normal t-shirts,Normal pants and wear flipflops and dirty side bags, but if you check there bank account they have millions of dollers.
I lived in Hk/china for 14 years and i now i living in UK.
I know what i am talking about.
emopicz 1 year ago
Comment removed
emopicz 1 year ago
Comment removed
emopicz 1 year ago
she made money recycling waste
tech4156 1 year ago
for a forbes listed women she worth 16billion dollar, amazin how they make so normal wedding, even the money is inherited to her, she still got the money, dont hate *still got the money
boom232332 2 years ago
Women are fainting on this website - and there are multi-millionaires all over the place!
Just be in London in 4 days time.
Click on my name and then on the website link on the left of my page.
See you there, you lucky ladies ; ) xxxx
PhibesHere 2 years ago
lol crap
RanDomRahuL 2 years ago
That was pretty lame.
UAEMT 2 years ago 3
rich? junkie video.
iDunKnowProductions 2 years ago
rich but junkie video quality
iDunKnowProductions 2 years ago
pls see on title: The Ring Has Cross
asri1234567 2 years ago
a demonstration of obscenity,
lunafringe10 2 years ago
NOT THE WHOLE STORY!!!!
China's stock market prices ARE NOT LIKE OURS - the prices are controlled by the government - so she has someone very high up the government list!!!
Earthlinked 2 years ago
what is your point?
beagoodman 2 years ago
Her money was made on the Chinese stock market - which IS NOT a free trade market - it's prices are controlled by the Chinese government - they allowed her stock to rise - they can make it fall tomorrow!! She was simply born to the right father - at the right time!!
And her relationship with the Chinese government MUST be very good - or they would not have allowed her to gain such great wealth!!!!
Earthlinked 2 years ago
You are forgiven by me. I understand that your last comment is out of jest. But I also understand your defensive measures. A lot of Americans dont like China (probably because they are misinformed). Many of Shanghai's large companies are led by british, american and other western origin people. China has offered the free market economy a chance to increase economies of scale due to cheap labout and resources that it has. As a result, it has a currently prosperous economy.
webnothing 3 years ago
lol DJIAMI.. I wonder why the majority of people hate your comment? What you said was not wrong. Real love is the love of your God. You never know your real Father, and yet you still love him, that is in my opinion, real love.
If people just saw that, then we wouldn't be rated badly. hahaha
webnothing 3 years ago
This has been flagged as spam show
Nice Video. Check out TubeViews (dotnet) If you need your video exposed, It has really helped me a bunch. Be blessed!
Have you heard of this program that actually send thousands of text messages advertising your business for you, i think the url is w w w . a u t o t e x t s e n d e r . c o m
vikashthj 3 years ago
money can buy you (LOVE)
real love is the love of allah,he's the richest and most merciful.only these 2 names of the are enough
DJIAMI 3 years ago
why can't everything be for free and EVERYONE live a happy life?
BrittnyJanay 3 years ago 2
Hehe,I want to get everything for free, who can provide me?
crazygamble 3 years ago
Are you not provided free for that which you ask?Spending money on things doesn't mean that what you buy isn't actually free. The money came from somewhere didn't it?Who does provide for you from when you are born?Your mother and your father? No, they were also born the same way you were and amassed things with the help of their forefathers. In the beginning, who provided for you to exist today?Everything is given to us free, so long as we continue to dig in last seasons crops, and grow new ones
webnothing 3 years ago
@BrittnyJanay because thats not life or reality. that fact that you ask that ? is pathetic.
mixxiegurl 1 year ago
@mixxiegurl
No not pathetic, just rational
BrittnyJanay 1 year ago
@BrittnyJanay thats not rational?!?!? LOL. being a whinny brat asking such a meritless question is PATHETIC. Thats like saying, why can't I be Britney Spears? Is that rational? Hell no. Its pathetic and lame. Shes rich, youre not, Im not, thats life and it sucks.
mixxiegurl 1 year ago
@BrittnyJanay who will make all those things you desire for free?
ajgolfer1 3 months ago
As of October of this year,China held $580 billion worth of U.S. treasuries.
crazygamble 3 years ago
So each American's share of this debt is $34,542.25.
crazygamble 3 years ago
@crazygamble
i think you have mis calculated . It's more like $2000 each based on a pop of 300m
djonutube 1 year ago
the population of the United States is 304,978,828.
crazygamble 3 years ago
Yang Huiyan, according to Forbes worth $16 billion.
langar82 3 years ago
she is realy a china's richest person according to Forbes and i am glad that they behave so normal and live like a happy family
soniasahil 3 years ago
Its great their just a normal family
moseskiiza 3 years ago
my shit dont stink! lol
1minhero 3 years ago
I DONT THINK SO .....
wsupcutie 3 years ago
Funny how many people are poking of this video, regardless what you say, the broad has 16 billion dollars, what do you have??? I'd marry her and drink off a plastic cup too!
birdboyee 3 years ago 4
This comment has received too many negative votes show
billionares drinking out of plastic cups, now that's classy!
mwegryn 3 years ago
To each his own - it doesnt matter if ur French or Chinese or Arabian or Nigerian or Cuban or Vietnamese and such. TO EACH HIS OWN ! No need to "make fun" of other races that look different from you ! I was a racist once but now I'm more of a human being and I "RESPECT" whatever they do - what you think is WEIRD might be Common to them ! PEOPLE, STOP being selfish and self-centered !! If you dont understand another culture - best to leave them alone and mind your own personal problem !
stickypookie 3 years ago 15
lol. lookie... here's how the Chinese fools react. They thumb you down just because you don't agree with them and they flame you for your point of view. Guess that's what the commies did to them after years of brain washing.
by the way, peasant (now defunct user, most likely banned by youtube), learn some English before attempting to hurl insults using English. God, am I glad I am not a Chinese Chinese. Fucking peasants.
berbbb 3 years ago
This has been flagged as spam show
ROUND ASS, FIRM BOOBS, PRETTY LEGS, NICE FACE, TIGHT HOLES, SWEET PUSSY JUICY....ZOOM, DIGITALCAM, TOYS, SOUND, IM NOT SHY. Why You Should See My CAM!: BECAUSE I WANT SHOW YOU WHAT YOU NEVER SEEN BEFORE NOWHERE .............MEEEEEEEEEEE so what you waiting for! come visit me at _ FriendlyFlirts(.COM) _ my user-id there is Savannah-qpqw chat soon on cam :) xnakaoazk
BigDeeZy21 3 years ago
or they very confuse people or very simple lol really
Assasin47AK 3 years ago
lol. you know? simple can be simple. say... I would ditch the Chinese crap AND the western crap altogether. what is wrong with having a BEACH WEDDING!?? Absolutely perfect!
In fact, there is no need for guests. the whole thing about 'tradition' and 'formalities' is taken way out of context by some people. A lot.
and this Chinese clip just goes to show... in the 'need' to SHOW... sometimes shows you ain't got much INSIDE.
berbbb 3 years ago
on second viewing... it's a really strange twilight zone. tons of shitty red and yellow, etc... . I mean... bloody hell, red balloons! balloons = western. red = typically Chinese. wtf. half western and half eastern. really weird. why not just go ALL the way Chinese!? ditch the sleek cars and all that mobile phone crap. just use a horse carriage or something. why wear a suit while bride wears something traditional? go all the way, man! weird mish mash of half and halfs.
berbbb 3 years ago
I'm Chinese too. Damn right they're peasants! jeez, wtf are they even wearing! the clowns are more bothered with the traditional 'to dos' than to be concerned about spending a really special time with each other. bollocks. this video shouldn't be here. Just showing a bunch of gaudiliy dressed farmers. could jolly well give $1 bil to some fashion consultant for a start. even the Arabs seem to have more style. dumb video. give me back my 5 minutes!
berbbb 3 years ago
she's the worlds 125th richest, and china's richest woman. i bet u dont own $7.8 billion do you?
wendy3212 3 years ago 3
This has been flagged as spam show
such peasants! im a billionaire i'll buy these people
marcus1aurelius1 3 years ago
lulz
Sculay 3 years ago
are u stupid or what - of course she could afford it dumbass. she affords to get u killed in a sec! remember its a communist country, maybe thats why they didnt want it exaggerated. or maybe theyre humble rich ppl who wants it simply and clean.
BlossomBloomPerish 3 years ago
mushu003, actually, your mom was even more cheap and gay when I was having explosive stools all over her face
NJRJC 3 years ago
Congratulations
golo5000 3 years ago
scheiße lauter häßlich..muahahahahah
Bonggakaday02 3 years ago
oh my god.. this is very cheap :S
she can do it better :S
missgriezel13 3 years ago
oh my god.. this is very cheap :S
she can do it better :S
missgriezel13 3 years ago
This comment has received too many negative votes show
Asians are very tacky and don't know how to do anything innovative, they only copy Europeans.
DJFG85 3 years ago
Go get life, sir. Show me where in Europe does this kind of weddings happen? Its easier to say anything while sitting there.
tahirphysio 3 years ago
the hubby fell into shit, no doubt about it
slowreply 3 years ago
She could've done a little better, owning 7 billion :s.
sHtinkY2 3 years ago
cheap
maghribie 3 years ago
husband - lucky bastard hehe
powerkerb 3 years ago
bedrijf 'Country Garden'. Daardoor is zij nu China's rijkste vrouw. Yang is een Bachelor of Arts & Science en studeerde aan de Universiteit van Ohio. Ze is inmiddels getrouwd. zo te zien
srife38 3 years ago
Banksaldo: $7.4 miljard. Deze Chinese is nog een jaartje jonger dan de nummer vijf uit dit overzicht, maar heeft maar liefst ruim drie keer zoveel miljardjes op de bank staan. Ook Huiyan kreeg de bakken met geld praktisch in de schoot geworpen van haar vader. In de vorm van een aandeel in zijn onroerend goed
srife38 3 years ago
wow BIG wedding
jwxiao13 4 years ago
the husband is a lucky busted
the songs was messed up the original is better
RealDefentertainment 4 years ago
This comment has received too many negative votes show
doesnt matter how much money they have... If i were her husband i dont think i could get over the way they smell. And rice every day - blah!
HPPavilion01 4 years ago
They're Asians too. Keep your f*cking trashy opinions to yourself. It really does not include you.
PrUnEJuIcEtHeThIrD 4 years ago 5
REally? had no idea they were Asian's prune juice... that explains it. Chill out man.
HPPavilion01 4 years ago
REally? had no idea they were Asian's prune juice... that explains it. Chill out man.
HPPavilion01 4 years ago
wth is wrong with eating rice everyday.>!!!.. at least with eating rice, we are not overweight like eating cheeseburger@!!..shut the f*** up fool.....
luvphim 4 years ago 10
at tleast they dont eat shit like most Americans do
tommyvercetti7 4 years ago 2
This comment has received too many negative votes show
American Rednecks
Thunder777m 4 years ago
you think potatoes and meat everyday cuts the cheese eh
berbbb 3 years ago
That was the oddest wedding video I have ever seen and they look like regular joe schmo's, definitely not a billion dollar wedding but that might be how they are rich because they don't over do it with their money.
prairiegirl10 4 years ago
Go buckeys!!!
feachen 4 years ago
Buffet is currently the richest, with $62 billion.
bittersweetXD89 4 years ago
wow she could have married anyone... why chose these geeky looking fela!!!
Konniechiwa 4 years ago
Not everyone are for sale, you prostitute
Brukernavn 4 years ago
Brukernav... look asshole!!!... who said anything about selling yourself.. you have issues... is it difficult for you to find a girlfriend?... Is prostitute how you call your mother... blame yourself for your own inadequacy and failure.. and go hide under a rock. loser
Konniechiwa 4 years ago 3
This comment has received too many negative votes show
I guess I found a weak spot, ha ha ha. Are you on sale at the moment?
Brukernavn 4 years ago
Even if YOU were one sale who would buy an assholes like you.....loooool
LOSER
Thunder777m 4 years ago
? Who told you to speak?
Brukernavn 4 years ago
and who told you to speak
Thunder777m 3 years ago
troll
Brukernavn 3 years ago
lol, new rich sux...
dudewhatthehellman 4 years ago
So she is the Paris Hilton of China?
death1knell 4 years ago
death1knell: Hilton are not even in the billionaires list just look at forbes..!
snow233 3 years ago 2
Hilton's they DON'T even have 1 billion dollars!!
snow233 3 years ago
'Cept for the cars, they don't look rich.
How cum they're all just walking around? Kinda looks like they're going tick or treating lol.
PS. Anyone know wsup with the random flowers on the cars?
RanieraNetane 4 years ago
in chinese opinion ,the man is handsome .
shandongcaoxian 4 years ago
that's totally nonsense.
the apex of ignorance.
berbbb 3 years ago
she has about 10 billion usa dollars,as a chinese,i know it。 她的父亲是做房地产的,她曾经在美国留学。
shandongcaoxian 4 years ago
The Chinese believe that an auspicious occasion like this must be real noisy. Yeah, they all look like ordinary folk until they whip out their private jets and gigantic jewelery.
yeokk 4 years ago 2
i meant all billions not millions.
Crapidiot 4 years ago
the total china wealth rose from 30+ million from 2006. usa this year is 600+.
Crapidiot 4 years ago
she's china's richest woman with net worth 16.2 million. also all 40 of china's richest in 2007 are billionnaires with total value of 130+ million or billion. watch the news.
Crapidiot 4 years ago
money talks where bullshit walks,
khalid6591 4 years ago 2
other than the cars,they doesnt look rich at all
secretorganisation 4 years ago
This comment has received too many negative votes show
dont chinese people look all the same
Sculay 4 years ago
heck we don't.
berbbb 3 years ago
oh my god, she looks like 55 years old not 25
kacebiatch 4 years ago
its soo noisy like a marketplace
secretorganisation 4 years ago
Why did her dad transfer all his shares to her? Did he deliberately want to suddenly go from being a multi-billionaire to having nothing at all? If so that would make him one of the greatest philanthropists of all time :) Was it some sort of tax dodge or what? I don't get it!
jalabi99 4 years ago
I though China's richest woman was the CEO of a paper and cardboard manufacturing conglomerate. Not a developer's daughter.
Geneva009 4 years ago
She is NOT beautiful..
She looks like she's at least 10 yrs older than he..
He looks like he knows nothing but smiling..
youtvtube 4 years ago
Yeung has a good relationship with the local government and is currently a member of the Standing Committee of the People's Political Consultative Conference in Foshan, one of the largest cities in Guangdong Province.
crazygamble 4 years ago
In 1992, Yeung and several partners built 4,000 houses in a Shunde development. Hit by a real estate tax implemented to cool down rising property prices the next year, Yeung had a hard time in selling the properties. To solve the crises, he built an international school inside the villa that eventually attracted affluent Guangzhou residents to the houses.
crazygamble 4 years ago
The 52-year-old Yeung was born in an impoverished village in Shunde, reportedly never wearing new clothes before he was 17. He earned a living by raising cattle and growing crops before becoming a bricklayer and contractor, according to the Hong Kong Economic Times.
crazygamble 4 years ago
Nonetheless, Yeung had managed to maintain the lowest of low profiles until he showed up in public for a road show in support of the IPO last month.
crazygamble 4 years ago
People in Guangdong Province are familiar with Country Garden, which sold its first project -- Bi Gui Yuan -- in 1997 in Shunde, a city on the outskirts of provincial capital Guangzhou and one of China's richest urban areas. Over 10 years, the group has accumulated about 19 million square meters (7.3 square miles) of land reserves by the end of January.
crazygamble 4 years ago
The wealth of Yeung and Yang was hard to track in advance of the Country Garden offering. The co-founders had shunned the media, and, until a corporate reorganization last year, their investments were spread across more than 30 entities, including real estate development companies, a theme park, hotels, a decoration business and a management concern.
crazygamble 4 years ago
Yang Erzhu, another of the five founders of Country Garden, has also joined the ranks of China's billionaires, thanks to the IPO. He reportedly comes from the same village as Yeung. His 10.2% stake is worth about $1.5 billion.
crazygamble 4 years ago
In a statement on April 10, Country Garden said that Yang's ownership interest is not bound by a trust or any other arrangement with her father or other family members, and she has the freedom to manage her assets as she sees fit.
crazygamble 4 years ago
How can singapore invest to your country
Rinatah 4 years ago
Yang holds a degree in marketing and logistics from Ohio State University. She joined the family business in 2005; that year, her father transferred his shares in the business to her, with the intention of grooming his daughter as his successor. According to Country Garden's offering prospectus, Yang currently is an executive director of the company, overseeing procurement, enterprise resources management and development strategies.
crazygamble 4 years ago
Country Garden was co-founded by Yang's father, Yeung Kwok Keung. Her enviable financial position has more to do with his accomplishments than hers.
crazygamble 4 years ago
Yang's wealth puts her far ahead of Yan Cheung, chairwoman of Nine Dragons Paper, as China's richest person. Forbes estimated Cheung's wealth at $2.4 billion when our billionaires list appeared in March. Yang would also have ranked as the world's second-youngest billionaire, behind Prince Albert von Thurn und Taxis of Germany, and she would be the youngest woman on the list.
crazygamble 4 years ago
Having raised $1.7 billion in the initial public offering in Hong Kong, Country Garden is now the biggest developer in China, with a market value of about $15 billion.
crazygamble 4 years ago
Shares of Guangdong-based Country Garden surged 35.1% from the issue price of 5.38 Hong Kong dollars (69 cents) to 7.27 Hong Kong dollars (93 cents) on Friday, following strong demand from institutional and retail investors. The shares slipped a modest 5 Hong Kong cents (1 cent), to 7.22 dollars (92 cents) on Monday.
crazygamble 4 years ago
Yang owes her great fortune to the initial public offering of Country Garden Holdings, a real estate developer run by her father that posted sharp gains after debuting on the Hong Kong Stock Exchange last week.
crazygamble 4 years ago
Following is from the reports of Forbes: HONG KONG - It sounds like a fairy tale. Yang Huiyan, a 25-year-old woman, has virtually overnight become the richest person in China, with a net worth of nearly $9 billion.
crazygamble 4 years ago
Yang Huiyan,China's latest richest woman owns 10,000,000,000 USDs value share in her Hong Kong stock exchange market listed corporation called Country Garden Holdings based in Foshan City of Guangdong Province. China's richest woman is only 25 years old and actually represent her family to own the wealth.
crazygamble 4 years ago