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Inspiring Women:richer Than Trump Or Oprah: Meet China’s Female Property Magnate - Business - Nairaland

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Inspiring Women:richer Than Trump Or Oprah: Meet China’s Female Property Magnate by sheyispices: 5:20pm On Aug 26, 2013
Zhang Xin grew up in poverty and at the age of 14 began a laboring job in a factory. Today, she is

richer than Donald Trump, Steven Spielberg and Oprah Winfrey.

Zhang, a Chinese real estate developer, is the 7th richest self-made woman in the world, worth

$3.6 billion, according to Forbes.

She’s worth $800 million more than Oprah Winfrey, the world’s best known self-made female billionaire.

Not only does Zhang’s rags-to-riches story mirror that of China itself, but it is Zhang who has shaped much

of the country’s modern urban landscape, with the logo of her company SOHO China.

SOHO China has 18 developments in Beijing, many of them landmark buildings, and has recently expanded

to Shanghai, where it has bought or built 11 properties.

EARLY LIFE EDUCATION

In the 1950s, Zhang Xin’s parents, third generation Burmese Chinese, left Burma and immigrated to China,

leaving behind their confectionery business.

Born in Beijing in 1965, Zhang Xin moved to Hong Kong at the age of 14 with her mother and lived in a room

just big enough for two bunk beds. To save for an education abroad, she worked for five years in small factories

that make garment and electronic products.

As she has described, the ‘conditions there were similar to those in mainland China today’.

By 19, she had saved enough for airfare to London and supporting herself for English study at secretarial school.

Later, she studied Economics at the University of Sussex. In 1992, she graduated with a Master’s Degree in

Development Economics from Cambridge University. In 2013, Zhang Xin received honorary Doctor of Laws from

her Alma Mater, University of Sussex.

CAREER

Upon graduation, she was hired by Barings Plc to work in Hong Kong. She soon moved to Goldman Sachs and

started working for the investment bank in New York City. In 1994, she switched to Travelers Group before returning

to her hometown, Beijing. She co-founded Hongshi (meaning Red Stone), which became SOHO China, with her

husband Pan Shiyi in 1995.

The couple was described by The Times of London as ‘China’s most visible and flamboyant property tycoons’.

Zhang Xin has won many prestigious international awards for her role as a patron of visionary architecture in China

and as an innovative entrepreneur. She won BusinessWeek´s Stars of Asia Award for the year of 2004, and was awarded

a Special Prize at the 8th la Biennale di Venezia for Commune by the Great Wall, a private collection of architecture

featuring the works of twelve Asian architects. Commune by the Great Wall is now a boutique hotel.

She also received the Year 2004 Montblanc Arts Patronage Award.In 2007, she was selected as one of the

“Ten Women to Watch in Asia” by the Wall Street Journal. In 2008, she was listed among Forbes Magazine‘s

“World’s Most Powerful Women”. In 2009, Zhang Xin was included among Forbes’ “Top Ten Billionaire Women

We Admire” and Financial Times’ “Top 50 Women in World Business”. In March 2010, she was named among

“China Top 10 Career Women Role Models in 2009″ by the All-China Women’s Federation, China Sun Media Group,

Sina.com and Hunan TV. In 2011, Zhang Xin was named among the “The International Power 50″ of the

“Most Powerful Women” by Fortune Magazine, and was again recognized as one of “World’s Most Powerful

Women” by Forbes.

Zhang Xin is a member and Young Global Leader of World Economic Forum, Davos, a member of

Asia Business Council and a Board Member of the Council on Foreign Relations. She served as a Trustee

to the China Institute in America from 2005 to 2010, and was recognized by the China Institute with

the Blue Cloud Award in 2010.

PERSONAL LIFE

Zhang Xin and her husband, Pan Shiyi, have been members of the Bahá’í Faith since 2005. She also made a

cameo appearance as a Chinese merchant in the 2010 film Wall Street

for more news follow @sheyispicess..............

Re: Inspiring Women:richer Than Trump Or Oprah: Meet China’s Female Property Magnate by JohnFrankling(m): 5:34pm On Aug 26, 2013
1 china 0 nigeria
Re: Inspiring Women:richer Than Trump Or Oprah: Meet China’s Female Property Magnate by ifeakor(m): 5:41pm On Aug 26, 2013
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