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31. Cheung Yan
Cheung Yan
President
Nine Dragons Paper
Country: China
2007 rank: 24

Life has been not easy for Cheung, 51, since nonprofit groups cited one of her factories for unsafe working conditions, poor welfare, and violation of labor laws--accusations Cheung has denied. Cheung's business is turning scrap paper into gold: Her company recycles paper from the U.S. and elsewhere into corrugated cardboard boxes. In fiscal 2007 the company's revenue reached $1.4 billion, and net profit rose 46%.

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Last updated September 29 2008: 1:21 PM ET
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