Who is Wu Yajun? – Biography
Wu Yajun is a Chinese businesswoman, formerly the richest woman in the world who made her own fortune. She was a founding partner, chairman, and CEO of Longfor Properties. Before transitioning to real estate in the 1990s and going on to invest in companies like Uber and Evernote, she began her career as an editor and journalist.
How old is Wu Yajun? – Age
Yajun was born in 1964 in Chongqing, China. She turned 58 years in2022.
Where did Yajun go to school? – Education
She earned a bachelor’s degree in navigation engineering from Northwestern Polytechnical University in 1984.
Wu Yajun – Family
Wu was reared in a typical family.
Wu Yajun’s Husband and Children
After Wu’s divorce from Cai Kui in 2012, Yang Huiyan rose to the position of richest woman in China. Cai Kui still holds 30% of Longfor, while Wu’s ownership has dropped to 45 percent. She had just one child.
Wu Yajun Career
She spent 1984–1988 employed at the Qianwei Meter Factory. Between 1988 and 1993, she was an editor and journalist at the China Shirong News Agency. When the journal was run by the Chongqing Municipal Government’s Construction Bureau, it helped her establish a network in the political and corporate spheres, which she then exploited to start a career in the real estate sector.
With an initial capital investment of ten million yuan, Chongqing Zhongjianke Real Estate Co Ltd was established in 1995 by Wu and her ex-husband, businessman Cai Kui. The business was renamed Longfor Properties. After that, the business rapidly expanded from Chongqing to encompass important cities including Chengdu, Beijing, Shanghai, Changzhou, and Dalian.
From the Cheung Kong Graduate School of Business, she received her diploma in 2007. Among the major investors in Longfor Properties, which became publicly traded on the Hong Kong Stock Exchange (SEHK) in 2009, are the Singaporean government, Ping An Insurance, and Temasek Holdings. Wu is the current chair and the previous CEO of Longfor Properties.
Wu Yajun Wealth – Wu Capital
Wu Capital, a business that was established in 2013, looks after Wu’s money. Evernote and Uber are just two examples of the technological firms in which Wu Capital has invested. She is third among Chinese women and 22nd overall in terms of wealth, according to the Hurun Report China Rich List 2013. According to Forbes, she was China’s richest lady and fifth-richest person in 2012. She was replaced by Yang Huiyan because of her divorce from Cai Kui.
As of March 2013, she has a net worth of US$4.4 billion, making her the 299th richest person in the world and one of Forbes’ top 50 Power Women. The National People’s Congress of the Chinese Communist Party includes her. In 2014, she was listed by Forbes as the 41st most powerful woman in the world. After a seven-year break, Wu was once again declared the richest self-made woman in the world in March 2019, according to Barron’s.