Wu Yajun

Wu Yajun (; born 1964) is a Chinese billionaire businesswoman who was at one time the world's richest self-made woman. She is the co-founder, chairwoman, and former CEO of Longfor Properties. From humble origins, she worked as a journalist and editor before moving into real estate in the 1990s, later investing in technology companies including Uber and Evernote.

As of April 2021, Wu has an estimated net worth of US$18.3 billion.

Early life

Wu was born in Chongqing in 1964 to an ordinary family.
The China Daily, "The property billionaire who shuns publicity", 2010. She graduated from the Department of Navigation Engineering of the Northwestern Polytechnical University in 1984.

Career

From 1984 to 1988, she worked at the Qianwei Meter Factory. From 1988 to 1993 she worked as a journalist and editor at the China Shirong News Agency. At the time the newspaper was controlled by the Construction Bureau of Chongqing Municipal Government, which proved essential for her in building up her network in the government and business world to then launch her career in the real estate industry.

In 1995 Wu and her former husband, businessman Cai Kui, founded Chongqing Zhongjianke Real Estate Co Ltd with an initial capital investment of 10 million yuan.
The company was later renamed as Longfor Properties. The enterprise grew rapidly thereafter, expanding from her home in Chongqing to include major cities like Chengdu, Beijing, Shanghai, Changzhou and Dalian. She became alumni member of the Cheung Kong Graduate School of Business in 2007.
Wu Jajun Alumni profile on the Website of the Cheung Kong School of Business. Longfor Properties went public on the Hong Kong Stock Exchange ( SEHK) in 2009; notable investors are Singapore's government, Ping An Insurance and Temasek Holdings.

Wu is the chairwoman and former CEO of Longfor Properties.

Wealth

Wu's wealth is managed by a firm named Wu Capital, which was founded in 2013. Since inception, Wu Capital has made investments in technology companies including Uber and Evernote.

She is the third-richest woman in China, and the 22nd-richest overall, according to the Hurun Report China Rich List 2013.
Hurun Report China Rich List, 2013 In 2012, she was the richest woman in China, and fifth-richest person in the country.
List of Richest Chinese by Forbes, 2012. She lost that position to Yang Huiyan due to her divorce from Cai Kui. As of March 2013 she was the 299th-richest person in the world, and among the top 50 Power-women list by ''Forbes'', with a net worth of US$4.4 billion. She is a member of the National People's Congress. In 2014, she was listed as the 41st most powerful woman in the world by ''Forbes''.

In March 2019, '' Barron's'' reported that, after a seven year gap, Wu was once again the world's richest self-made woman.

Personal life

In 2012, Wu divorced her husband Cai Kui, thereby losing her status as richest woman in China to Yang Huiyan. Wu's stake in Longfor fell to 45%, with Cai Kui holding a 30% stake. She has one child.

References

{{DEFAULTSORT:Wu, Yajun
1964 births
Living people
20th-century Chinese businesswomen
20th-century Chinese businesspeople
21st-century Chinese businesswomen
21st-century Chinese businesspeople
Businesspeople from Chongqing
Chinese billionaires
Chinese chief executives
Chinese company founders
Chinese newspaper journalists
Chinese real estate businesspeople
Chinese women in politics
Female billionaires
Delegates to the 11th National People's Congress from Chongqing
People's Republic of China politicians from Chongqing