Worlds Richest Woman - Zhang Yin, China’s “Queen Of Trash” is the richest woman in the world with a fortune estimated at $31 billion built solely by recycling the worlds paper trash into corrugated cardboard for boxes.
Zhang Yin vaulted to the top of the list as the worlds richest woman by starting two companies - America Chung Nam, based in Los Angeles, which was one of the first companies to sell scrap paper to China, and Nine Dragons Paper, based in Dongguan outside Hong Kong, which processes recycled waste paper into corrugated cardboard boxes for China’s booming export business.
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The Zhang family holds 72 percent of the stock in Nine Dragons Paper and it’s skyrocketing stock price is the major reason why Zhang Yin leaped from being China’s richest woman in 2006 to being the richest woman in the world at the end of 2007.
So, how did she do it?
America Chung Nam, which she and her second husband, Taiwan-born Liu Ming Chung, founded in 1991 quickly made deals with American scrap yards and began shipping huge containers of paper back to China.
The demand for the scrap paper grew so fast that in 1995, Zhang (who also goes by her Hong Kong name, Cheung Yan) returned to China to found Nine Dragons, opening her first paper making facility in Dongguan, a major manufacturing hub in the bustling Pearl River Delta region near Hong Kong. Her husband Liu now is the chief executive and Zhang Yin is the chairwoman.
A decade later, the company has 11 giant paper making machines, 5,300 employees, and a huge new facility under construction in the country’s other booming export hub, the Yangtze River Delta area near Shanghai.
Nine Dragons is now one of the fastest growing paper companies, and yet it says it cannot keep up with demand for container board, the material used to make boxes, because of the booming growth in the Chinese economy and exports.
Explosive growth coupled with huge demand and record profits has caused the Nine Dragons stock price to surge this year and, with no signs of an economic slowdown in Chinese exports, remain at stratospheric stock valuation levels, thus ensuring Zhang Yin will remain the richest woman in the world for the forseeable future.
And that’s the latest news on the worlds richest woman.
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May 24th, 2008 at 4:37 pm
Hi Zhang Yin, like to meet you some day soon send 4 mi living in jamaica. 8768078067
May 27th, 2008 at 3:34 am
hi ma’am…how i wish i could be like you. though i know i couldnt be, not in this lifetime, perhaps in my next….i really hope and pray you could help especially the sick and the hungry children in my country…philippines. this is the best way i can to do to help my impoverished countrymen. i like cildren and i pity them a lot especially the sick and those i see on the streets. but i can only extend help as much as i can afford. and so i thought i can look for people like you who in god’s own way may be able to make a difference in these children’s lives. please ma’am… i know you have this great capacity to help. please do
July 23rd, 2008 at 3:28 pm
Hi! I have dreams to be successful in the business world. Please give me a chance so I can start my own business and live my dream. I need a lot of money to get started. One hundred thousand dollars will be enough to get me started.
I hope that you can donate to my cause and if you found time later in the future I would love to take your advice in the future when your time allows. Thank you so much.
August 11th, 2008 at 3:27 am
Hi .. madam Zhang Yin , Thanks to God that you are happened to be one of the richest women in the world…its not easy to be rich.. you must be grateful to God and gifted by him that you are rich enough with alot of money and materials…you could get what ever you want…i wish to be like you one day but what to do…i am not born to be rich…and be afrid to be rich then…i wish to be rich in mind, happiness, healtiness and safety..hope you are happy with your family and God keeps the safty of yourself and your wealthy…..see then
August 11th, 2008 at 3:33 am
Hi .. madam Zhang Yin , Thanks to God that you are happened to be one of the richest women in the world…its not easy to be rich.. you must be grateful to God and gifted by him that you are rich enough with alot of money and materials…you could get what ever you want…i wish to be like you one day but what to do…i am not born to be rich…and be afrid to be rich then…i wish to be rich in mind, happiness, healtiness and safety..hope you are happy with your family and God keeps the safety of yourself and your wealthy…..see then