Peng Lei, one of the co-founders of e-commerce giant Alibaba (NYSE: BABA; HKEX: 9988) and a shareholder of Ant Group, made it back on the list of the top 50 richest female entrepreneurs in China 2020, published by Hurun, with a net worth of RMB 30.5 billion (USD 4.6 billion), 36Kr reported.
Peng’s 19th place is the highest rank for businesswomen from the technology and internet sector. In the Hurun China Rich List for both genders, the top 10 includes as much as four male entrepreneurs with a tech background.
Peng once ranked sixth on Hurun’s richest female list in 2017, but then fell out of the top 50 until the moment Ant presented its estimated USD 34.5 billion dual-listing plan—which was later scrapped due to regulation issues—that boosted her wealth in 2020.
Five out of the top 10 richest females in the new list are associated with real estate, with Yang Huiyan, a property developer and majority shareholder of Country Garden Holdings, being China’s richest women for the fourth year in a row.
Yang’s USD 34 billion net worth is 57% that of Alibaba founder Jack Ma, who is the richest man in the country.
This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.