Asia’s richest woman loses half her $24bn fortune in China property crisis

Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw net worth plunge to $11.3bn in a year

Asia's wealthiest woman has lost more than half her fortune over the past year as the crisis engulfing China's real estate sector continues to worsen, a billionaire index showed on Thursday.

Yang Huiyan, a majority shareholder in China's biggest property developer Country Garden, saw her net worth plunge by more than 52% to $11.3bn from $23.7bn a year ago, according to the Bloomberg Billionaires Index.