China's 'Queen of Trash' finds riches in waste paper
By David Barboza
Published: January 15, 2007
International Herald Tribune: Business
I remember what a man in the business told me back then," Zhang Yin said. "He said, 'Waste paper is like a forest. Paper recycles itself, generation after generation.'"
By David Barboza
Published: January 15, 2007
International Herald Tribune: Business
I remember what a man in the business told me back then," Zhang Yin said. "He said, 'Waste paper is like a forest. Paper recycles itself, generation after generation.'"
Zhang took that memory all the way to the bank. As a result of her entrepreneurship, she is now richer than virtually any other woman anywhere in the world, including Oprah Winfrey, Martha Stewart, and the chief executive of eBay, Meg Whitman. Her personal wealth is estimated at $1.5 billion or more.
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Most of the world's richest women inherited their wealth: from the Walton sisters of Wal-Mart fame to the daughters of the men who created Mars candy bars, L'Oréal cosmetics and BMW. But not Zhang. She started out from a modest background, the daughter of a military officer. Now she dominates the world's paper trade through her giant companies, one centered in Dongguan, just outside Hong Kong, and the other based in Los Angeles.
"She's a visionary," said Herman Woo, an analyst at BNP Paribas, which helped her large paper company list shares in Hong Kong. "She doesn't mind putting a lot of money in at the beginning, to build the company."
That company, Nine Dragons Paper, is now the biggest paper maker in China. It raised nearly $500 million when it went public in Hong Kong last March...
Link Source: http://www.iht.com/articles/2007/01/15/business/trash.php
…
Most of the world's richest women inherited their wealth: from the Walton sisters of Wal-Mart fame to the daughters of the men who created Mars candy bars, L'Oréal cosmetics and BMW. But not Zhang. She started out from a modest background, the daughter of a military officer. Now she dominates the world's paper trade through her giant companies, one centered in Dongguan, just outside Hong Kong, and the other based in Los Angeles.
"She's a visionary," said Herman Woo, an analyst at BNP Paribas, which helped her large paper company list shares in Hong Kong. "She doesn't mind putting a lot of money in at the beginning, to build the company."
That company, Nine Dragons Paper, is now the biggest paper maker in China. It raised nearly $500 million when it went public in Hong Kong last March...
Link Source: http://www.iht.com/articles/2007/01/15/business/trash.php
Picture Source: http://www.nwasianweekly.com/20062443/china20062443.htm
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