Asia's once-richest woman lost 84% of her wealth — more than any billionaire since the COVID-19 pandemic — as China's property sector teeters on yet another crisis
The Foshan-based company's Hong Kong-listed stocks have plunged by 20.4% since Monday. Yang — who derives much of her wealth from a 52.
6% stake in the company, per a Monday report by ratings agency Moody's seen by Insider — saw her wealth tank by about $490 million on Tuesday alone. Yang graduated from Ohio State University as part of the class of 2003But Country Garden's fortunes have waned since.
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