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.
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.
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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.