People familiar with the matter revealed that Wu Yajun, one of the richest women in China and the billionaire in the real estate industry, has handed over the family financial management room to his daughter Cai Xinyi.

According to Bloomberg, the above -mentioned person who was unwilling to be named because of the problem that Cai Xinyi had replaced Zhang Yan and served as CEO of Shuanghu Capital, which is headquartered in Beijing.Several executives of Wu Yajun's real estate development company Longhu Group also joined the company and assisted Cai Xinyi.

When Cai Xinyi was still studying for a master's degree in computer science at Tsinghua University in 2018, Wu Yajun transferred a large part of his real estate empire to his daughter. Wu Yajun, who is now 56, is now making her prepare for management of $ 13.5 billion in wealth.Essence

People familiar with the matter said that Zhang Yan, who has been the person in charge since the establishment of Shuanghu Capital in 2013, has recently left the company to set up his own multi -family financial management room.Shuanghu Capital did not reply to email seeking comments.