34-year-old Yang Huiyan – vice chairman of Country Garden Holdings, a China-based property development and management company is topping Asia’s Top 10 Wealthiest Millennials list released by Wealth-X. Chinese ultra wealthy individuals claimed nine of the 10 spots on the list compiled by Wealth-X. Millennials are defined as those born from 1981 to 1997.
Yang Huiyan‘s personal fortune totals US$6.1 billion. Yang reportedly received her father’s stake in the company in 2005, making her the wealthiest woman in China at that time.
Three of the ten spots on the list are occupied by female Asian millennials. The combined net worth of these three women is nearly US$10 billion, accounting for 44% of the total combined wealth of the entire list.
Adrian Cheng, the scion of Hong Kong’s New World Development Group, takes second place on the list with a net worth of US$4.4 billion. Cheng joined the family business in 2006, but is also an avid art collector and supporter of Chinese artists. In 2010, Cheng launched a non-profit “artist village”, an 11-studio workshop space in Wuhan, China, to incubate emerging artists.
Seven of the ten Asian millennials on the list inherited their wealth, while three made their own fortunes.
Asia’s top 10 richest millennials:
1. Yang Huiyan (China)
Estimated Net Worth: 6100 US$ million;
Age: 34;
Industry: Real Estate;
Source of Wealth: Inheritance.
2. Cheng Chi Kong (Adrian Cheng) Hong Kong
Estimated Net Worth: 4400 US$ million;
Age: 34
Industry: Real Estate
Source of Wealth: Inheritance.
3. Fuli Zong (Kelly Zong) China
Estimated Net Worth: 3000 US$ million;
Age: 33;
Industry: Beverage Production;
Source of Wealth: Inheritance.
4. He Zhitao (China)
Estimated Net Worth: 2700 US$ million;
Age: 33;
Industry: IT products and services;
Source of Wealth: Self-Made.
5. Lin Qi (China)
Estimated Net Worth: 2200 US$ million;
Age: 34;
Industry: Web & Mobile Games;
Source of Wealth: Self-Made.
6. Ou Chen (Leo Chen) China
Estimated Net Worth: 1100 US$ million;
Age: 32;
Industry: E-Commerce;
Source of Wealth: Self-Made.
7. Yan Wu (China)
Estimated Net Worth: 860 US$ million;
Age: 34;
Industry: IT Services;
Source of Wealth: Inheritance.
8. John Paul Joy Alukkas (India)
Estimated Net Worth: 820 US$ million;
Age: 29;
Industry: Jewellery Business;
Source of Wealth: Inheritance.
9. Zhang Kangli (China)
Estimated Net Worth: 710 US$ million;
Age: 34;
Industry: Real Estate;
Source of Wealth: Inheritance.
10. Zhu Yufeng (Hong Kong)
Estimated Net Worth: 660 US$ million;
Age: 34;
Industry: Green Energy;
Source of Wealth: Inheritance.
