The Hurun Research Institute found 100 self-made female billionaires from 16 countries, an increase of 11 from last year.
The Hurun Research Institute released the Hurun Richest Self-Made Women in the World 2020, a list of the self-made women billionaires in the world. This is the 10th year of the list. Wealth is a snapshot of 31 January 2020, drawn from the recently released Shimao Shenkong International Center·Hurun Global Rich List 2020.
Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said, “The women on the Hurun Richest Self-Made Women in the World 2020 are the most successful women in business in the world. Their stories deserve to be shared and studied. What is it that makes them successful? How did they do it? I hope this list can inspire more women to become entrepreneurs.”
“China dominates yet again, with 9 of the Top 10, and 61% of the list, well above its 20% of the world’s population. There are, however, worryingly few young women entrepreneurs in the world. In the recent Hurun Richest Under 40s in the World, there were only 2 women, with the other fifty all men.”
Summary:
- 74 women saw their wealth rise, of which 25 were new faces. 26 were down or unchanged. 13 dropped off.
- Total wealth was US$262bn. The average wealth was US$2.6bn, an increase of 19% over last year.
- The fastest-growing fortunes include Zhong Huijuan of Hansoh, Zeng Fangqin of LY, Wang Laichun of Luxshare Precision, Zhao Yan of Bloomage, and Zhou Qunfei of Lens.
- 25 new faces, led by Shinye's 59-year-old Zhou Xiaoping, ranked 31st with US$2.3bn; Followed by Thailand's Daonapa Petampai, 47-year-old Luo Qianqian and 47-year-old Qian Zhiya of Luckin Coffee. Muyuan's 54-year-old Qian Ying's wealth rose to US$1.2bn, on the back of soaring pork prices in China.
- Haidilao's Li Haiyan and Shu Ping's wealth doubled from last year to US$3.8bn, mainly due to the rise in Haidilao's stock price. But since the outbreak of the coronavirus, as of mid-February, Haidilao's stock price had fallen 12% from a month ago.
- Coronavirus. Melissa Ma Dongmin of Baidu saw iQiyi’s market value rise by 8%. Dong Mingzhu of Gree starting producing masks. Lu Zhongfang’s Offcn's market value shrank by 6% in the month during the epidemic.
- China has 61% of the world's self-made female billionaire, with a total of 61; the USA ranked 2nd with 19; the UK ranked 3rd with 6.
- 33% of the female entrepreneurs on the list are engaged in emerging industries, of which advanced manufacturing and healthcare ranked first with 9 respectively, and media & entertainment, big data and e-commerce ranked 3rd with 3 respectively.
- The average age is 60 years old, which is 4 years younger than the average age of the Hurun Global Rich List. 8 were 45 or younger, 3 more than last year.
- 69% had listed companies, up 5% from last year.
- Women accounted for 15.7% of the Hurun Global Rich List this year, slightly higher than last year's 15.5%.
Read the full report here
