Ms. Chung Tue Quyen (1961) came from an intellectual family in Lianyungang, Jiangsu (China). After China resumed university entrance exams, in 1979, she passed the entrance exam to the Department of Chemistry, majoring in Pharmaceutical Chemistry at Xuzhou Normal University (China).

At that time, medical schools in China organized student exchanges. During that time, she met Mr. Ton Phieu Duong - a student at China Medical University (currently a billionaire in the pharmaceutical industry). Both were excellent students, had similar personalities and interests, which helped the two stick together until now.

After graduating from university, Ms. Quyen taught Chemistry at Dien An Secondary School in Lianyungang. Mr. Duong was assigned to work as a pharmacist at Lianyungang Pharmaceutical Factory. In 1990, Mr. Duong was appointed director, but that was also when the factory was in serious crisis. Faced with the chaos, he struggled to carry the factory back from the brink of bankruptcy.

Realizing that this was also an opportunity to start a business, Mr. Duong founded Hang Thuy Pharmaceutical Company, specializing in the production of cancer treatment drugs, cardiovascular drugs and pain relievers. Busy with management work at the factory, Mr. Duong did not have time to develop his own company.

Seeing her husband exhausted, the female teacher decided to quit her job to help him with his business. After more than 10 years of teaching, Ms. Quyen switched to the pharmaceutical industry. Therefore, when taking on the position of deputy CEO, Ms. Quyen encountered many difficulties in business management.

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Ms. Chung Tue Quyen currently owns a net worth of 62.5 billion NDT (215,000 billion VND). Photo: Sohu

With a bachelor's degree in Pharmaceutical Chemistry and professional knowledge, Ms. Quyen soon joined the research and production (R&D) field. This process helped her to both communicate with partners and learn management experience. Thanks to that, the businesswoman successfully brought Hang Thuy Pharmaceuticals to develop step by step, achieving high revenue and gaining a name in the market.

In 1995, she separated and founded Hansol Pharmaceutical, specializing in the production of drugs to treat central nervous system diseases and infections. Compared to cancer drugs, the difficulty and cost of producing antibiotics are lower, and the profit is not high, but she does not care much. The purpose of founding the company, Ms. Quyen wanted to encourage her husband.

In 1997, Ms. Quyen successfully produced the antibiotic Cefalexin, which specializes in treating infections. After launching on the market, Cefalexin achieved a revenue of 4.5 million USD (109 billion VND). With this success, Hansoh continued to manufacture diabetes, cardiovascular and hormonal drugs.

In 2019, when it debuted on the Hong Kong Stock Exchange, Hansoh raised $1 billion (VND24,000 billion), raising the company's valuation to $10 billion (VND240,000 billion). After the first trading day, Ms. Quyen became the richest self-made female billionaire in Asia.

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Ms. Chung Tue Quyen is the richest self-made billionaire in the pharmaceutical industry at the present time. Photo: Sohu

In 2020, Hansoh's revenue continued to grow strongly, with its stock price increasing by 10%. After 29 years of establishment, Hansoh is now the largest pharmaceutical company in China, with a prominent focus on psychiatric drugs.

As of November 2023, Hansoh Pharmaceutical has a market value of more than 84 billion yuan. Holding 68% of the company's shares, the net worth of the 'pharmaceutical queen' is about 62.5 billion yuan (215,000 billion VND). In the pharmaceutical industry alone, with this amount of assets, Ms. Quyen becomes the richest billionaire in the world. At the same time, she is also the richest self-made billionaire in Asia.

In November 2022, she ranked 44th in the 'List of China's Richest Billionaires' voted by Forbes magazine.

In December 2022, she ranked 5th in the 'China's Richest Female Entrepreneurs List' compiled by the Hurun Research Institute.

In March 2023, Ms. Quyen ranked 14th in the list of '100 richest female entrepreneurs' voted by Forbes China magazine.

In March 2023, Hurun Research Institute announced that Ms. Quyen ranked 257th in the 'List of the richest billionaires in the world'.

In April 2023, in the '500 richest female billionaires in China' announced by the Hurun Research Institute, Ms. Quyen ranked 380th.

In October 2023, in the '2023 Billionaires List' voted by the Hurun Research Institute, Ms. Quyen ranked 11th.

In November 2023, the 'Richest Female Billionaires List' was announced by the Hurun Research Institute, she ranked 8th with assets of up to 62.5 billion yuan (215,000 billion VND).

According to Sohu

Retired teacher starts business, owns assets worth 120,000 billion VND at the age of 88 CHINA - In 1995, Mr. Ngo Chi Cuong retired after more than 40 years of teaching. At the age of 62, he decided to start a business, and now his assets have reached more than 36 billion NDT (124,000 billion VND).