Savitri Jindal, 72, is India’s richest woman and the 10th-richest person in the country of about 1.4 billion. —Yang Huiyan is no longer Asia’s richest woman as China’s property crisis hammers the nation’s developers, including her Country Garden Holdings Co.
It’s been a dramatic fall for Yang, who in 2005 inherited her father’s stake in the real estate developer, becoming one of the youngest billionaires on the planet. For the past five years she’s been Asia’s richest woman, reflecting the rapid growth of China’s property sector. Jindal’s net worth has fluctuated wildly in recent years. It fell to US$3.2 billion in April 2020 at the start of the Covid-19 pandemic, then reached as high as US$15.6 billion in April 2022 as Russia’s invasion of Ukraine sent commodity prices soaring.