Logan Chairman Ji Haipeng (centre) gave his daughter Perenna Kei 85% of the company
She may not be as wealthy as 29-year-old Mark Zuckerberg, but Perenna Kei, the majority shareholder of China real estate developer Logan Property Holdings (HKG:3380) has five more years to catch up.
The 24-year-old property princess became a billionaire courtesy of her family company’s successful IPO on the Hong Kong stock exchange last December, and thanks to her father, Logan chairman and CEO Ji Haipeng, bequeathing 85 percent of his company stock to his daughter through a family trust.
According to estimates published in Forbes’ latest rich list, the Hong Kong native formally known as Kei Perenna Hoi Ting, is worth $1.3 billion. Still far behind Zuck’s $28.5 billion, but she has time to catch up, right? By taking top spot on the young billionaires list, Kei, who is known in Mandarin as Ji Kaiting (纪凯婷), displaced 29-year-old Facebook co-founder and Zuckerman buddy Dustin Moskovitz.
There were no other Chinese among the top five billionaires under forty years-old on Forbes list, which was dominated by tech entrepreneurs from the US.
If any of you have dreams of chasing down Ms Kei in hopes of a loan, you will have to do so without visual aids, as no photos of the new billionaire have been released, and no images can be found associated with her name in Chinese or English on the Internet.
Logan Property Holdings is headquartered in the southern Chinese city of Shenzhen, and had turnover of RMB 6.6 billion yuan, or about $1.07 billion in 2012 according to the company’s IPO prospectus.
Leave a Reply