Billionaire Yang Huiyan suffered a massive loss of her fortune due to the risks of investing millions in real estate during times of crisis.
Investing millions in the real estate market It can be a lucrative strategy, but also extremely risky in times of economic instability. Yang Huiyan, One of the most successful businesswomen in Chinaexperienced firsthand how the ups and downs of the real estate sector can quickly erode fortunes, exposing the dangers of this type of investment at critical times.
The businesswoman became a prominent figure in the real estate world, but His fortune suffered a drastic fall in recent years due to the volatility of the Chinese market and the global economic crisis.
Yang Huiyan, 1.jpg
Yang Huiyan, the Chinese billionaire who lost much of her fortune in real estate deals
Huiyan, one of the richest women in the world, entered the business world at a young age. Born into a business family, Yang graduated from college Ohio State Universitywhere he studied Marketing and Logistics. His first real exposure to the financial market occurred when his father, Yeung Kwok Keung, He transferred a share of the 57% in Country Gardenthe family business that he currently leads.
Although the transfer made her one of the Youngest female billionaires in the world in 2007Yang did not achieve success overnight. His first few years at the helm of the company were challenging, especially as he tried to consolidate its presence in the volatile Chinese market. However, his focus on Developing residential projects in peripheral cities of China allowed him to rapidly expand the business.
Yang’s fortune peaked in 2021, when it was estimated to be worth around $29.6 billion dollars. But with the passage of time, and due to the Chinese property market slowdownhis wealth plummeted by a staggering 80%. The debts accumulated by Country Garden, coupled with difficulties in paying bonds, contributed significantly to this decline.
Despite the financial problems, Yang continues to work to find solutions. Under his leadership, Country Garden implemented measures to refinance its debts and improve its liquidity, although the future remains uncertain.
How much is Yang Huiyan’s fortune, according to Forbes
At 42, the young businesswoman is still a multimillionaire, with a fortune valued at approximately $3 billion dollars, According to Forbes, however, this is a highly volatile market that requires quick maneuvers to avoid suffering the vicissitudes of the modern economy, so Huiyan will have to be more than attentive to avoid suffering another financial blow.
On the other hand, in the midst of his struggle to stabilize his business, Yang made a significant decision by donating $826 million in shares of its subsidiary Country Garden Services to a charity in Hong Kong, created by her sister Ziying. This gesture underlines her commitment to social causes, even in times of financial crisis.
Source: Ambito
