Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 251 Wu Yajun $8.41B

Random fact: Graduated from Northwestern Polytechnical University in 1984.

Overview

Wu is the chairman and largest shareholder of Longfor Group, a Chinese developer of commercial and residential property. The Beijing-based company operates in more than 100 cities under brands including Paradise Walk, Starry Street and Moco. Longfor reported revenue of 223.4 billion yuan ($34.6 billion) in 2021.

As of :
Last change -$10.2M ( -0.1%)
YTD change -$4.80B ( -36.4%)
Biggest asset 960 HK Equity
Country / Region China
Age 58
Industry Real Estate
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wu Yajun's net worth of $8.41B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Wu's wealth is derived from her stake in Longfor Group, a property development company. The Beijing-based developer operates in more than 100 cities, according to its website.

Wu owns 43% of Longfor through the Wu Family Trust, according to Longfor's 2021 annual report. While her daughter Cai Xinyi is also an owner of these shares in stock exchange filings, all are credited to Wu in this analysis to reflect her status as chairman. Her ex-husband Cai Kui holds a separate stake that isn't included here.

The value of her cash investments is based on dividends, insider transaction, taxes and market performance.

Wu set up the Wu Capital family office in 2013 and put Cai in charge in 2020.

Zhang Tao, a spokesperson of Longfor, didn't respond to a request for comment on Wu's net worth.

Biography

Birthdate: 5/31/1964
Family: Divorced, 3 children
Education: Northwestern Polytechnical University

Wu was born in Chongqing, China, in 1964. At age 16, she enrolled in the department of navigation engineering at Northwestern Polytechnical University in Xi'an, the capital of Shaanxi province. Wu was assigned to work as a technician for a state-owned factory that made instruments and meters in her hometown, earning about $16 per month four years later.

Almost a decade after China's former leader Deng Xiaoping opened up the country for economic reforms, Wu quit her "iron-rice bowl" job and started working for an industry newspaper affiliated with the Ministry of Construction in 1988. She spent six years as a journalist covering real estate.

Wu encountered a flurry of problems buying her first apartment -- an 80-square-meter flat in Chongqing. The closing was delayed for a year; natural gas wasn't available; the lighting was poor and the elevator service hours were limited. Inspired by the experience, she decided to build better homes in China and founded the predecessor of Longfor Group in 1994.

In 1997, Longfor sold its first residential project for $157 per square meter, more than double the average household income in China at the time. Since then, Longfor has expanded into more than 60 Chinese cities and 35,000 employees, according to its website. Longfor shares are publicly traded in Hong Kong.

Wu divorced Cai Kui and transferred about 40% of Longfor shares the couple used to own to Cai in 2012.

Milestones
  • 1964 Born near Chongqing in southwestern China.
  • 1980 Enrolls in university, studies navigation engineering.
  • 1992 Marries Cai Kui.
  • 1994 Founds Longfor Properties near her hometown.
  • 1997 Longfor's first project breaks ground in Chongqing.
  • 2002 First subsidiary set up in Beijing.
  • 2007 Company first enters Shanghai property market.
  • 2009 Shares of Longfor sold in Hong Kong, raising $1 billion.
  • 2011 Steps down as CEO; stays on as chairman.
  • 2012 Divorces Cai Kui and splits shares.