Friday, October 26, 2012

World’s Richest Women are Chinese Entrepreneurs

That’s according to the Hurun Rich List, where seven out of 10 of the world’s wealthiest self-made women are from mainland China, most of whom made their fortune from real estate and manufacturing


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According to Finance Asia (table theirs too) [bold mine]
It is not surprising that most of these women made their fortune from real estate, the country’s most profitable industry, and are headquartered in Guangdong, the cradle of China’s entrepreneurial spirit.

Zhang Xin, chief executive of Soho China, has said that Chinese women enjoy many freedoms and opportunities in the country’s private business sector — more so than their foreign counterparts.

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China’s dominance in the top 10 world’s wealthiest women list seem to coincide with the gender distribution in their domestic workforce, where China ranks 3rd in Asia in terms  of women managers, and ranks, second in the world female labor force participation rate according to table from the Economist.

In the world of economic freedom, gender distribution (politically coded as “inequality”) barely becomes an issue as “freedoms and opportunities” are democratized. 

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