Wu Yajun

This is a Chinese name; the family name is Wu.
Wu Yajun
Born 1964
China
Residence Beijing, China
Nationality Chinese
Alma mater Northwestern Polytechnical University
Occupation Chairman, Longfor Properties
Net worth $4.5 billion (May 2015)[1]
Spouse(s) Cai Kui (divorced)

Wu Yajun (Chinese: 吴亚军; born 1964) is a Chinese businesswoman, co-founder, former CEO and current chairwoman of Longfor Properties.[2] She is the third richest woman in China, and the 22nd richest overall, according to the Hurun Report China Rich List 2013. [3] In 2012, She held the title of richest woman in China, as well as fifth richest person in China.[4] She lost that position to Yang Huiyan due to her divorce from Cai Kui, positioning herself as second richest woman in China. 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.[5] She is a member of the National People's Congress.[6] In 2014, she was listed as the 41st most powerful woman in the world by Forbes.[7]

Early life

Wu was born in Chongqing in 1964 to an ordinary family.[8] She graduated from the Department of Navigation Engineering of the Northwestern Polytechnical University (西北工业大学) in 1984.

Career

From 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.[8]

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.[8][9] The company was later renamed as Longfor Properties.[10][11] 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.[12] 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.[5]

Personal life

In 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.[11]

References

  1. ↑ "Wu Yajun". Forbes. Retrieved 30 April 2015.
  2. ↑ "China's Longfor Properties says replaces chief executive". Reuters. 15 August 2011. Retrieved 26 October 2011.
  3. ↑ , Hurun Report China Rich List, 2013
  4. ↑ , List of Richest Chinese by Forbes, 2012.
  5. 1 2 , Wu Yajun profile on the Forbes Website, 2013.
  6. ↑ "Landed Ladies Top List of China’s Richest Women". The Wall Street Journal. 29 September 2011. Retrieved 26 October 2011.
  7. ↑ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 24 June 2014.
  8. 1 2 3 , The China Daily, "The property billionaire who shuns publicity", 2010.
  9. ↑ Forbes http://www.forbes.com/profile/cai-kui/. Missing or empty |title= (help)
  10. ↑ http://www.china.org.cn/top10/2012-12/28/content_27537983_24.htm
  11. 1 2 http://www.scmp.com/business/china-business/article/1087050/divorce-costs-developer-wu-yajuns-crown-chinas-richest-woman
  12. ↑ , Wu Jajun Alumni profile on the Website of the Cheung Kong School of Business.

External links

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