Summary of A Detailed History of China’s Wealthiest Woman

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Fortune and fame are no strangers to Chen Lihua, China’s wealthiest businesswoman. Born in 1941, she is known as the queen of Beijing’s real estate sector and owner of China’s largest collection of red sandalwood sculptures and furniture. Xie Biyuan, writer for the New Fortune magazine, tells a detailed tale of her rise from rags to riches. Xie doesn’t shy away from more controversial details of Chen’s biography but concludes the article on a positive note by emphasizing her achievements. More information on Chen’s personality traits would have fleshed out the facts. getAbstract recommends this article to entrepreneurs, real estate professionals and everyone up for a good story.

In this summary, you will learn

  • How Chen Lihua built her real estate empire from scratch and
  • How she became a red sandalwood magnate.
 

About the Author

Xie Biyuan is a writer for New Fortune magazine. Established in March 2001, the monthly publication focuses on the development of China’s capital market, featuring case studies, rankings and analyses.

 

Summary

Born in 1941 in Beijing and raised in an ordinary family, Chen Lihua didn’t have any privileges. She tried her hand at a sewing job in her early years, but it was not until the 1980s that her life took a drastic turn. Just how she got her first windfall remains a mystery to this day. Rumor has it that she managed to acquire some valuable “unclaimed” furniture from the Ming and Qing dynasties at a low price. Some say she made her breakthrough by selling 12 villas she bought in Hong Kong or artifacts from the Cultural Revolution. Fortune continued to nip at Chen’s heels when she returned to Beijing from Hong Kong, where she had founded Fu Wah International Group, a real estate enterprise. Her Changan Building, which is close to Tiananmen Square, hosts Beijing’s first five-star, high-end private business networking club and became the springboard for her continued success.

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