After Divorcing Billionaire Du Weimin, Yuan Liping Is Now A Billionaire Herself, With $3 Billion Worth Of Stock
ByJoseph Gibsonon June 8, 2020inArticles›Billionaire News
You might not have heard about it in the States, but the recent divorce between Shenzhen Kangtai Biological Products Co. Chairman Du Weimin and ex-wife Yuan Liping was one of the most expensive divorces in the history of China and the entire Asian continent, Bloomberg reports. How expensive? After the transfer of 161.3 million shares of Shenzhen Kangtai company stock, Yuan is now a billionaire in her own right.
Those shares have surged in value by some 60 percent in recent months, due to Shenzhen Kangtai’s position as one of the many companies in the world currently working on a coronavirus vaccine and stock market speculators bet on their being successful. And Yuan’s shares, which thanks to the divorce she now owns outright, are collectively worth over $3 billion.
Leon Neal/Getty Images
Money like that always has to come from somewhere, so it stands to reason that Du’s net worth has seen an equivalent drop, going from $6.5 billion to $3.1 billion. However, the terms of the split dictated that the voting rights associated with those shares remain under Du’s control.
Du has had a long career in the biotech business, and has been chairman of Shenzhen Kangtai since 2009, when Minhai, the pharmaceutical company he founded in 2004, was acquired by the larger firm.
- Ex-Wife Of Russia’s Richest Citizen Wants Half Of His $15.8 Billion Fortune
- Jeff And MacKenzie Bezos’ $38 Billion Divorce Settlement Becomes Official This Week
- MacKenzie Bezos Is Now Officially The Second-Largest Amazon Shareholder And The World’s 3rd-Richest Woman
- Chinese Grindr Tycoon To Pay Wife $1.1 BILLION Divorce Settlement
- MacKenzie And Jeff Bezos Finalize Their Divorce – She Is Instantly Minted The Fourth Richest Woman In The World
- Jeff Bezos – The Richest Person In The World With A Net Worth Of $136 Billion – Is Getting Divorced From His Wife Of 25 Years
