A 24-year-old Chinese woman with stakes worth US $1.3 billion in a real estate firm, has become the world's youngest billionaire, replacing Facebook co-founder Dustin Moskovitz.
Kei Perenna Hoi Ting, daughter of Ji Haipeng, chairman and CEO of Chinese real estate developer Logan Property, is a non-executive director of the firm and holds 85% stakes in it worth US $1.3 billion, state-run China News Service said.
A graduate from the University of London, Perenna Kei lives in Hong Kong.
Logan Property Holdings is run by companies and a family trust associated with Perenna.
The firm headquartered in the southern Chinese city of Shenzhen focuses on the development of mid and high-end residential housing.