China entrepreneur, 35, worth US$850 million, joins Forbes women rich list, tying with Madonna

A Chinese woman has emerged as one of the youngest and richest individuals in the country, having been listed on the “Hurun China Rich List 2024” with a net worth of 8.5 billion yuan (US$1.2 billion).

Following the release of the mainland rich list on October 29, 35-year-old Wang Shuo quickly became the focus of public intrigue.

Wang also appears on Forbes’ list of the “Richest Self-Made Women in America 2024”, but it estimates her net worth at US$850 million, ranking her at 39th and tying with the iconic Queen of Pop, Madonna. Notably, she stands out as one of the youngest on the list, as all other women are over 60.

So, who is she, and how did she accumulate her substantial fortune?

From Shenyang to US

Born in Shenyang, Liaoning province in northeastern China, Wang moved to the US with her mother at the age of 16, settling in Baltimore, Maryland.