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<strong>Savitri Jindal of India has unseated China&rsquo;s Yang Huiyan as Asia&rsquo;s richest woman. Huiyan&rsquo;s fortune eroded due to the real estate crisis in her country that has pulled down her Country Garden Holdings along with other developers.</strong></p>
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Seventy-two-year-old Jindal who is India&rsquo;s richest woman and the country&rsquo;s 10th-richest person is the chairperson of the Jindal Group. She took over the mantle after her husband, founder OP Jindal, died in a helicopter crash in 2005.</p>
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The company headed by her is the third-largest producer of steel in India and also operates in cement, energy and infrastructure.</p>
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Jindal surpassed Yang on Friday in the Bloomberg Billionaires Index with her $11.3 billion fortune.&nbsp; Yang not only lost the first spot to Jindal but also slipped below fellow Chinese tycoon Fan Hongwei to occupy the third spot now.</p>
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Hongwei derives her wealth from chemical-fibre company Hengli Petrochemical Co.</p>
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Yang in 2005 inherited her father&#39;s stake in the real estate developer to become one of the youngest billionaires of the world. She was Asia&rsquo;s richest woman for five years reflecting the rapid growth of China&#39;s property sector.</p>
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