India: Chinese real estate crisis killed the country's developers, Yang Huian is no longer the richest woman in Asia, with its Country Garden Holdings Company.
Savitri Jindal of India, who has the fate of $ 11.3 billion for its group Jindal Group, is active in industries in the Bloomberg billionaire index on Friday. Fans of fellow Chinese tycoon also lost the ground for Hongwei, whose chemical-fiber company Hengly Petrochemical Company is a source of its money.
After his father's share in the real estate developer, Yang became one of the youngest billionaires on the planet in 2005, Yang experienced a dramatic decline. She has held the title of richest woman in Asia for the last five years, showing a quick expansion of China's real estate market.
This year has declined by more than half this year, and this week, when the country's largest property developer's garden announced that it needs to increase equity at exemption, its lowest level since the fall of 2016. Stock on, quick decline. About 60 percent of the country's garden and its management-service division is outstanding, which is 43 percent stake in its early forty years.
72 -year -old Jindal is the 10th richest person in India, 1.4 billion women in the country and the richest women. Her husband's husband's husband's husband died in 2005 in a helicopter accident, soon after, he was appointed as the chairman of the Jindal Group. The company also works in cement, energy and infrastructure. It is the third largest steel producer in India.
In recent years, the net value of Jindal has come down wildly. The Covid -19 epidemic declined by $ 3.2 billion in April 2020, resulting in Ukraine's Russia's invasion in April 2022 to $ 15.6 billion in April 2022.
55 -year fans have also seen a decline in their assets this year, but some other Chinese billionaires have improved. It gives an example of the width of his trading empire, which began as a state -textile factory in Wujiang in East Jiangasu province, which became bankrupt.
Fan, an accountant by trade, and her husband Chen Jianhu found the Hengli group in 1994. The company later expanded polyester, petrochemicals, oil refinement and tourism. Last year, the company reported revenue of 732.3 billion yuan ($ 109 billion). The Bloomberg Wealth Index has a total assets of the series for $ 6.4 billion.
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