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27 March 2007




NY, United States

83 of World's 946 Billionaires are Women

Female entrepreneur tops China's rich list

“Make way for the Big Momma of the Billionaires’ Club,” says the Daily Express. In 1985 Yan Cheung had a business idea importing waste paper into China. She set up a company in Hong Kong, using $4,000 in savings. "At that time people in China didn't have name cards, and I carried around an introduction letter," she recalls.

She has become the richest self-made woman in the world, and China's wealthiest person, according to the rich list. The 49-year-old head of Nine Dragons Paper, is said to be now worth $3.4bn (£1.8bn) after a nine-fold rise in her fortune in just a year. In comparison, JK Rowling is worth nearly $1bn while Oprah Winfrey earned $200m last year alone.....

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