Changing attitudes towards succession planning are paving the way for more women to take over family businesses or to start up their own companies, according to experts. The fact women now often enjoy equal rights when it comes to succession and receiving their share of the family wealth may be one of the reasons, the South China Morning Post reports. The 50 richest women in China own assets worth 23.1 billion yuan ($3.48 billion) on average, or a combined 1.2 trillion yuan, up almost 50% from last year, according to a Hurun Report issued last month. The threshold to rank among China’s 50 wealthiest women was 10 billion yuan this year, up nine times from a decade ago. Yang Huiyan, the 36-year-old vice-chairwoman of property developer Country Garden, with a 56% stake inherited from her father, is the wealthiest woman in the country. Six of every 10 of the world’s self-made female billionaires are in China.
China Economic Review