MS Cheung Yan, 50, is China's queen of waste paper and she's worth US$2.4 billion ($3.6b), according to Forbes magazine.
And she's richer than both Oprah Winfrey and J K Rowling.
Ms Cheung - chairman of Nine Dragons Paper, China's largest paperboard producer - became the first woman last year to top the annual rich list compiled by Hunrun Report.
She can afford anything she wants, but says she wears designer brands because of her job.
'If I were a housewife, I would buy clothes from Wal-Mart. The quality there is good. But I'm a career woman, so I have to dress to look like one,' said Ms Cheung.
Nine Dragons, formed only 12 years ago, this week reported a profit of US$270 million in the year to June 2007, a 19-fold increase from 2003. Its clients now include Coca-Cola and Nike.
Not bad for a firm she set up with just US$4,000 in savings, with the help of her husband, a Taiwan-born Brazilian national who had trained as a dentist.
AFP
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