Chinese Divorce Creates Canada’s Third-Richest Woman
- Yuan Liping received 24% of ex-husband’s company Kangtai
- The value of her stake has surged with the recent market rally
Photographer: Brent Lewin/Bloomberg
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One of Asia’s costliest breakups has created Canada’s third-richest woman.
A few weeks ago, Yuan Liping received 24% of publicly traded Shenzhen Kangtai Biological Products Co. after divorcing Du Weimin, the company’s chairman. With shares of the Chinese vaccine maker surging more than 30% over the past month, the stake was worth $4.7 billion as of Wednesday, propelling Yuan into the ranks of the world’s 500 richest people, according to the Bloomberg Billionaires Index.