India’s Savitri Jindal, who replaces real estate tycoon Yang Huiyan, has an $US11.3 billion fortune thanks to her conglomerate Jindal Group.
is no longer Asia’s richest woman as China’s property crisis hammers the nation’s developers, including her Country Garden Holdings.
Savitri Jindal’s net worth reached $US15.6 billion in April as Russia’s invasion of Ukraine sent commodity prices soaring.It has been a dramatic fall for Ms 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 has been Asia’s richest woman, reflecting the rapid growth of China’s property sector.
Ms Jindal, 72, is India’s richest woman and the 10th-richest person in the country of about 1.4 billion. She became the chairwoman of the Jindal Group shortly after her husband, founder OP Jindal, died in a helicopter crash in 2005. The company produces steel and operates in cement, energy and infrastructure.Ms Jindal’s net worth has fluctuated wildly in recent years. It fell to $US3.2 billion in April 2020 at the start of the COVID-19 pandemic, then reached as high as $US15.
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