Biocon’s Kiran Mazumdar-Shaw Only Indian On Hurun’s Self-Made Women Billionaires List
Kiran Mazumdar-Shaw was the only Indian in the list of the world’s self-made women billionaires, which was dominated by China.
Mazumdar-Shaw, who founded the biopharmaceutical firm Biocon Ltd. and has a net worth of $3.5 billion, was ranked 11th in the Hurun Global Self Made Women Rich List for 2019 along with U.S.-based Judith Faulkner, founder of healthcare software company Epic Systems, and China’s Zhong Huijuan of Hengrui Medicine.
The China Show
China dominated the list with 51 women, producing more than the half of world’s self-made female billionaires. That comes even as the Chinese stock market slumped more than 20 percent this year and its domestic currency declined 6 percent, in 2018.
‘China Property Queen’ Wu Yajun reclaimed her title of the world’s richest self-made woman after seven years.
Here Are The Top Five Richest Self-Made Women
China’s Wu Yajun topped the list with $9.8 billion, up 13 percent from last year. Wu, co-founder of real-estate firm Longfor Properties, was also a delegate to the last two sessions of the National People’s Congress.
Diane Hendricks was ranked second with $7.5 billion in assets. She co-founded ABC Supply—the largest wholesale distributor of roofs and walls in the U.S.—with her late husband.
Chen Lihua, founder and chairman of Fuwah International, a Beijing-based commercial property developer, was tied at the second spot with a fortune of $7.5 billion.
Judy Love, the co-founder of the U.S.-based convenience store chain Love’s Travel Stops & Country Stores, with a fortune of $6.2 billion was ranked fourth.
British businesswoman Dennis Coates, founder of the online betting firm Bet365.com, was ranked fifth with a wealth of $5.7 billion.