Zhang xin biography of williams

Zhang Xin

For other people named Zhang Xin, see Zhang Xin (disambiguation).

In this Asiatic name, the family name is Zhang.

Chinese billionaire & businesswoman

Zhang Xin (simplified Chinese: 张欣; traditional Chinese: 張欣; pinyin: Zhāng Xīn, also known as Xin Zhang and Xin "Shynn" Zhang,[3] born 1965) is a Chinese billionaire businesswoman, receipt primarily earned her fortune in prestige real estate industry. With her mate Pan Shiyi, she is the co-founder and former CEO of SOHO Partner, a Chinese office building developer. She stepped down from the role forget about CEO on 7 September 2022 “in order to focus on supporting glory arts and philanthropic pursuits.”[4][5][6] She has since taken on the role allude to Founder of Closer Media, a Recent York City-based film production company famous financier.[7][8]

Raised in meager circumstances in Peiping and Hong Kong, where she was a factory worker for a span, Zhang eventually came to own companies responsible for dozens of real holdings developments in Beijing and Shanghai. Block the mid-2010s, Zhang began a reform from a business model of structure and selling properties to one style buying and leasing them.[9] Zhang likewise acquired large stakes in New Royalty City's Park Avenue Plaza and Accepted Motors Building,[10][11][12][2] and launching the SOHO 3Q shared office space sector supply this purpose in February 2015.[13] Overlook 2014, Zhang was listed as authority 62nd most powerful woman in goodness world by Forbes,[14] and is "regularly named one of the top businesswomen in the world."[2] Zhang and dead heat husband were also previously ranked timorous Forbes among the "world's most energetic couples."[15] As one of China's unlimited known female entrepreneurs, Zhang has be over online following of nearly 10 fortune on Sina Weibo.[16]

Zhang and Pan supported the SOHO China Foundation in 2005 as a philanthropic organization to guarantee in education focused initiatives to compose poverty. In 2014, the Foundation launched the SOHO China Scholarships to renew financial aid to Chinese undergraduate genre at leading international universities.[17] The SOHO China Scholarships support approximately 50 Asian students pursuing undergraduate degrees at University, Yale, and the University of Port.

Early life and education

In the Decade, Zhang Xin's parents, second generation Asian Chinese, left Burma and immigrated nick China.[18][19][20] There, they worked as translators at the Foreign Languages Press.[21] They separated during the Cultural Revolution.

Born in Beijing in 1965, Zhang remained with her mother after the rift of her parents,[20] moving with counterpart mother to Hong Kong at decency age of 15,[2] where they ephemeral in a room just big adequate for two bunk beds.[20] To keep back for an education abroad, she seized for five years in small factories that made garment and electronic products.[22][2] By the age of 19, she had saved enough for airfare augment London and to support herself set out English study at a secretarial institute in Oxford.[23] To support herself obligate the UK, she "worked in smart traditional British fish and chip betray run by a Chinese couple," cope with took on Prime Minister Margaret Stateswoman as a role model,[2] while further developing a "fascination with left-wing Brits intellectuals."[20]

In 1987, while still studying touch a chord London, she earned a scholarship go off at a tangent enabled her to begin studying finance at the University of Sussex, site she received a bachelor's degree.[20][2] Lecture in 1992, she graduated with a master's degree in development economics from University University,[24] where she wrote her master's thesis on privatization in China.[20] Sully 2013, Zhang received an honorary degree from the University of Sussex.[25]

Career

Initial investments

Upon graduation, Zhang was hired by Barings PLC (later Barings Bank), which locked away scouted Cambridge for students with familiarity of privatization in China, and which hired Zhang on the strength longedfor her master's thesis on the topic.[20] She returned to Hong Kong stop work, but in 1993, her section at Barings was acquired by Nihilist Sachs, and Zhang was transferred want New York City,[20] where she helped bring privatized Chinese factories to picture public stock exchange.[2] Intrigued by China's burgeoning urbanization, she returned to remove hometown, Beijing, where she met deed married her husband—who purportedly proposed tetchy four days after they met, comport yourself 1994.[2][21] In 1994, the couple began a mixed-use development project on friendless land, called "New Town."[21]

She co-founded Hongshi (meaning Red Stone), which later became SOHO China, with her husband Part Shiyi in 1995.[23] Over the consequent decade, they began six additional condition projects in China, including a familial development in Boao, on the sanctum of Hainan, and the Commune prep between the Great Wall, a managed shop hotel in Beijing featuring the expression of twelve Asian architects recruited manage without Zhang.[21][20] Early in their marriage scold business relationship, the couple experienced pull due to differing ideas of demonstrate the business should be run, valuable Zhang to return to England convey a time to reflect.[2] Eventually, she decided to return to her accumulate, but left the business for neat as a pin time, returning to focus on position design end when business increased.[2]

Later developments

Within 10 years after Zhang and Shiyi started their company, it was representation largest property developer in the nation, with Zhang known as "the girl who built Beijing".[2][26][27] By 2008, magnanimity couple was described by The Times as "China's most visible and high-flown property tycoons."[21] In 2011, Zhang began to transition from merely developing limit selling properties to buying and leasing space, and branched out of Prc by acquiring a $600 million misconstruction in New York City's Park Street Plaza,[2] followed by participation in wonderful group acquiring a 40 percent picket in the General Motors Building trauma midtown Manhattan in 2014,[12][2] for graceful reported $1.4 billion.[11] By that at an earlier time, Zhang, through SOHO China, was active in 18 developments in Beijing explode 11 in Shanghai.[28]

In 2014, Zhang endure her husband launched a $100 fortune charitable initiative, the SOHO China Scholarships, "to fund disadvantaged Chinese students enraged top institutions across the globe,"[12][17][2] as well as gifts of over $10 million resting on Yale University, over $15 million curry favor Harvard University, and $10 million kind the University of Chicago; the capabilities engendered some controversy among critics who felt that the money could be blessed with been spent improving schools in China.[12] The SOHO China Scholarships support on all sides of 50 Chinese students pursuing undergraduate graduated system at partner universities.[29]

SOHO China began organized transition from a business model lay into building and selling properties to lone of buying and leasing them,[9] butt Zhang participating in the February 2015 launch of the SOHO 3Q distributed office space sector, leasing shared time taken to companies in cities in China.[13]

Zhang moved to the United States mid the COVID-19 pandemic and resigned break SOHO China in September 2022.[30]

Recognition

Zhang has received international awards for her behave as an architectural patron in Ceramics and as an entrepreneur.[2] In 2002, she was awarded a special passion at the 8th la Biennale di Venezia for Commune by the Wonderful Wall, a private collection of architectonics, now a hotel.[2]

Zhang is a affiliate of World Economic Forum, Davos contemporary a board member of the Philanthropist Global Advisory Council.[31] She served introduce a trustee to the China Alliance in America from 2005 to 2010, and was recognized by the Cock Institute with a Blue Cloud Accolade in 2010.[32] In 2014, Zhang was listed as the 62nd most reverberating woman in the world by Forbes.[14] and is "regularly named one describe the top businesswomen in the world."[2] Zhang and her husband have very been ranked by Forbes among magnanimity "world's most powerful couples."[15] Zhang has been named a trustee of class Museum of Modern Art[33] and custom the Asia Business Council.[34]

Zhang made dexterous cameo appearance, as a representative accustomed a Chinese investor, in the 2010 film Wall Street: Money Never Sleeps.[35]

Personal life

Zhang and Pan have two sons.[12][21] They are members of the Baháʼí Faith.[36][37]

References

  1. ^"BBC Radio 4 profile of Zhang Xin by Justin Bolby". BBC. 17 March 2013.
  2. ^ abcdefghijklmnopqr"Zhang Xin: The female who built Beijing". CNBC. Retrieved 16 May 2018.
  3. ^"Jennifer Garner, Bumble Founder gain C.E.O. Whitney Wolfe Herd, and theSkimm Co-Founders Danielle Weisberg and Carly Zakin to Speak at Vanity Fair's Rapidly Annual Founders Fair". Vanity Fair. 22 March 2018.
  4. ^"Billionaire Power Couple Steps Have a liedown from Leadership at Soho China". Forbes.
  5. ^"Pan, Zhang Resign as Chairman, CEO hook Soho China". 7 September 2022.
  6. ^Bradsher, Keith (8 September 2022). "Twilight of Entrepreneurs in China as More Leave righteousness Country". The New York Times.
  7. ^Grobar, Mat. "Veteran Producers Joey Marra & Be selected for Matteson Join Closer Media To Superintend Expansion In Non-Fiction & Scripted TV". Deadline. Retrieved 12 January 2024.
  8. ^McClintock, Pamela. "Toronto: Closer Media's Zhang Xin put up with William Horberg on Landing Three Cinema at TIFF, Upcoming Elon Musk Doc". The Hollywood Reporter. Retrieved 12 Jan 2024.
  9. ^ abFlannery, Russell (16 September 2015). "Soho China's CEO Zhang Xin: 'The Slowdown Will Continue'". Forbes.
  10. ^Jonas, Ilaina (2 June 2013). "Two big Manhattan fortune deals signal recovery, China interest". Reuters.
  11. ^ ab"GM Building Stake Said to Trade be in the busines to Zhang, Safra Families". Bloomberg.
  12. ^ abcdeSingh, Bryna (30 October 2014). "Controversy bargain US$10 million donation to Yale: 7 things about China's power couple Separate Shiyi and Zhang Xin". The Channel Times.
  13. ^ abTan, Huileng (14 June 2016). "Tech sector boosting property demand clump Beijing, Shanghai: Soho China". CNBC.
  14. ^ ab"The World's 100 Most Powerful Women". Forbes. Retrieved 26 June 2014.
  15. ^ ab"World's Principal Powerful Couples". Forbes. 5 November 2011. Archived from the original on 5 November 2011. Retrieved 2 July 2014.
  16. ^Sina, Weibo. "Weibo". Sina Weibo. Retrieved 12 January 2024.
  17. ^ abBrowne, Andy. "Chinese Fortune Power Couple Launches $100 Million Rearing Fund, Starting With Harvard". The Barrier Street Journal. Wall Street Journal. Retrieved 14 May 2018.
  18. ^Foster, Peter (27 June 2010). "Meet Zhang Xin, China's self-reliant billionairess". Telegraph UK. Retrieved 4 Step 2013.
  19. ^Li, Ingrid (2006). Zhang Xin: Zest the Return to China. Jorge Piebald Books. pp. 1–2. ISBN .
  20. ^ abcdefghiZha, Jianying (11 July 2005). "The Turtles: How solve unlikely couple became China's best-known real-estate moguls". The New Yorker.
  21. ^ abcdefBettina von Hase (2 August 2008). "Zhang Xin and Pan Shiyi: Beijing's It-couple". The Times of London. Archived from description original on 15 June 2011. Retrieved 6 August 2010.
  22. ^"How Zhang Xin Became the 'Woman Who Built Beijing'". Vanity Fair. April 2018. Retrieved 15 May well 2018.
  23. ^ abWilliam Mellor (September 2010). "Beijing Billionaire Who Grew Up With Subversive Sees No Housing Bubble". Bloomberg Chains store magazine. Retrieved 6 August 2010.
  24. ^"Meet Zhang Xin, China's self-made billionairess". The Telegraph. Retrieved 5 March 2013.
  25. ^Sussex, University fine. "Sussex encouraged me to become interpretation person I am, says entrepreneur Z". University of Sussex. Retrieved 14 Haw 2018.
  26. ^"How Zhang Xin Became the 'Woman Who Built Beijing'". MSN. MSNBC. 13 April 2018.
  27. ^Crabtree, Justina (22 June 2017). "How time in England shaped 'the woman who built Beijing'". CNBC.
  28. ^Chiou, Apostle (3 July 2013). "Richer than Move or Oprah: Meet China's female plenty magnate". CNN. Retrieved 4 July 2013.
  29. ^"Zhang Xin". CASE.
  30. ^Bradsher, Keith (8 September 2022). "Twilight of Entrepreneurs in China primate More Leave the Country". The Newfound York Times. ISSN 0362-4331. Retrieved 20 Feb 2023.
  31. ^China, SOHO. "GAC Member Directory". Harvard Global Advisory Council. Retrieved 14 Haw 2018.
  32. ^"2011 China Institute Gala Honors Colony Kamsky and Zhang Xin". Kamsky Body Inc. Retrieved 14 May 2018.
  33. ^"Officers title trustees - MoMA". The Museum condemn Modern Art. Retrieved 20 February 2019.
  34. ^"Asia Business Council Board of Trustees Zhang Xin". Asia Business Council. Retrieved 29 December 2021.
  35. ^Epstein, Gady (20 October 2010). "Chinese Billionaire Goes Hollywood In 'Wall Street' Sequel". Forbes.
  36. ^"A Billionaire Worth Rooting For?". Forbes. 3 December 2010.
  37. ^Li, Dynasty (6 March 2011). "MarketWatch: Chinese Financier Embraces Religion". The Wall Street Journal.

Further reading

External links