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Number of China's female billionaires on the rise

By WU YIYAO in Shanghai | China Daily | Updated: 2013-09-18 08:47

Chen Lihua, chairwoman of Fu Wah International Group, ranked second with a fortune of 37 billion yuan.

Wu Yajun, who was number one on the 2012 list, ranked third for 2013. Her wealth shrank due to assets split after a divorce.

About 25 percent of the richest women on the list are from the realty development sector, while 18 percent are from the finance and investment sector.

About 9 percent are from the pharmaceutical sector, and another 9 percent from manufacturing, the report said.

On the 2013 list, 17 female billionaires have personal wealth surpassing 10 billion yuan, three more than in 2012.

Eleven women made their debut on the list for 2013, five of whom are self-made wealthy women.

Thirty-four female billionaires, or 67 percent of the top 50 female billionaires, are self-made.

The numbers of both self-made rich women and daughters or wives of rich men are expanding, contributing to the increasing number of rich females in China, said Wu Yinzhou, an analyst of Shanghai-based Fulun Consultancy.

"China's females are having a bigger-than-ever say in business, investment and family wealth management," said Wu.

The average wealth of the female billionaires on the list is 9.6 billion yuan, a 9.1 percent year-on-year increase, according to the report.

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