Wu Yajun (Chinese: 吴亚军; pinyin: Wú Yàjūn; born 1964) is a Chinese billionaire businesswoman who was at one time the world's richest self-made woman. She is the co-founder, chairwoman, and former CEO of Longfor Properties. From humble origins, she worked as a journalist and editor before moving into real estate in the 1990s, later investing in technology companies including Uber and Evernote.
Wu Yajun | |
|---|---|
| Born | 1964 (age 59–60) Chongqing, China |
| Nationality | Chinese |
| Education | Northwestern Polytechnical University |
| Occupation(s) | Businesswoman, journalist |
| Known for | World's richest self-made woman |
| Title | Chairman, Longfor Properties |
| Spouse | Cai Kui (div. 2012) |
| Children | 1 |
As of April 2021, Wu has an estimated net worth of US$18.3 billion.[1]
Early life
editWu was born in Chongqing in 1964 to an ordinary family.[2] She graduated from the Department of Navigation Engineering of the Northwestern Polytechnical University in 1984.
Career
editFrom 1984 to 1988, she worked at the Qianwei Meter Factory. From 1988 to 1993 she worked as a journalist and editor at the China Shirong News Agency. At the time the newspaper was controlled by the Construction Bureau of Chongqing Municipal Government, which proved essential for her in building up her network in the government and business world to then launch her career in the real estate industry.[2]
In 1995 Wu and her former husband, businessman Cai Kui, founded Chongqing Zhongjianke Real Estate Co Ltd with an initial capital investment of 10 million yuan.[2][1] The company was later renamed as Longfor Properties.[3][4] The enterprise grew rapidly thereafter, expanding from her home in Chongqing to include major cities like Chengdu, Beijing, Shanghai, Changzhou and Dalian. She became alumni member of the Cheung Kong Graduate School of Business in 2007.[5] Longfor Properties went public on the Hong Kong Stock Exchange (SEHK) in 2009; notable investors are Singapore's government, Ping An Insurance and Temasek Holdings.[1]
Wu is the chairwoman and former CEO of Longfor Properties.[6]
Wealth
editWu's wealth is managed by a firm named Wu Capital, which was founded in 2013. Since inception, Wu Capital has made investments in technology companies including Uber and Evernote.[7]
She is the third-richest woman in China, and the 22nd-richest overall, according to the Hurun Report China Rich List 2013.[8] In 2012, she was the richest woman in China, and fifth-richest person in the country.[9] She lost that position to Yang Huiyan due to her divorce from Cai Kui. As of March 2013 she was the 299th-richest person in the world, and among the top 50 Power-women list by Forbes, with a net worth of US$4.4 billion.[1] She is a member of the National People's Congress.[10] In 2014, she was listed as the 41st most powerful woman in the world by Forbes.[11]
In March 2019, Barron's reported that, after a seven year gap, Wu was once again the world's richest self-made woman.[12][13]
Personal life
editIn 2012, Wu divorced her husband Cai Kui, thereby losing her status as richest woman in China to Yang Huiyan. Wu's stake in Longfor fell to 45%, with Cai Kui holding a 30% stake.[4] She has one child.[1]
References
edit- ^ a b c d e "Forbes profile: Wu Yajun". Forbes. Retrieved 29 September 2020.
- ^ a b c [1], The China Daily, "The property billionaire who shuns publicity", 2010.
- ^ 蔺丽瑶. "Top 25 most powerful Chinese businesswomen of 2012 - China.org.cn". www.china.org.cn.
- ^ a b "Divorce costs developer Wu Yajun's crown as China's richest woman".
- ^ [2], Wu Jajun Alumni profile on the Website of the Cheung Kong School of Business.
- ^ "China's Longfor Properties says replaces chief executive". Reuters. 15 August 2011. Retrieved 26 October 2011.
- ^ "龙湖吴亚军隐秘投资 地产富豪们的财富与家族理财 ——凤凰房产北京". house.ifeng.com. Retrieved 2016-03-10.
- ^ [3], Hurun Report China Rich List, 2013
- ^ [4], List of Richest Chinese by Forbes, 2012.
- ^ "Landed Ladies Top List of China's Richest Women". The Wall Street Journal. 29 September 2011. Retrieved 26 October 2011.
- ^ "The World's 100 Most Powerful Women". Forbes. Retrieved 24 June 2014.
- ^ Block, Wang (7 March 2019). "Wu Yajun". Barron's. Retrieved 14 November 2019.
- ^ Wang, Jennifer (8 March 2019). "Oprah, Kylie Jenner And The Other Richest Self-Made Women In the World". Forbes. Retrieved 14 November 2019.