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Move over Ambani, China’s Water Bottle King is Richest Man in Asia!

a man wearing a suit and tie: 'Water Bottle King, Lone Wolf' is the Quiet Chinese Billionaire Who is Now Asia's Richest Person

Billionaire Zhong Shanshan has become Asia’s richest person, surpassing Chinese tech titans like Jack Ma and Indian billionaire Mukesh Ambani, Bloomberg has reported.

According to the Bloomberg Billionaires Index, Zhong’s net worth has increased $70.9 billion this year to $77.8 billion, making him the 11th-richest person on earth and Asia’s richest person. 

In September, private businessman Zhong Shanshan who spun his wealth from bottled water and vaccines had usurped Jack Ma as China’s richest man.

Zhong’s Nongfu Spring, which claims to be number one in China’s massive bottled water market, is ubiquitous across a country where most people shun tap water for health reasons. The company raised nearly $1.1 billion in its initial public offering.

Zhong is also the chairman of Beijing Wantai Biological Pharmacy Co. Ltd., a vaccine manufacturer that listed on the mainland in April.

Beijing’s Wantai pharmacy is developing a Covid-19 vaccine nasal spray in conjunction with a prominent university in China.

Zhong, a 66-year-old former reporter from Zhejiang who state media say was also once a construction worker, is often referred to by Chinese media as a “lone wolf” for his rare public appearances and reluctance to be interviewed.

NEWS SOURCE
(CNN News18 with inputs from AFP)

 

 

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Suresh Rao

Mellowed out and enlightened septuagenarian. Tech savvy. Social writing is just a pastime to kill time. I keep contributing to several developmental projects in the area of engineering education, IT and Healthcare projects launched by my kith and kin. I am too lazy to write a book, 'cause I think my life itself is a book! I am also at www.facebook.com/sureshnrao
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Ushasurya
Ushasurya
1 year ago

Nice to know Suresh that there are billionaires in China too!!
Great of this gentleman..to start from the scratch and reach this position!! Well done, I should say !!!

Navneet Bakshi
Navneet Bakshi
1 year ago

Oh, is it? Chinese business giants are real big, but I couldn’t imagine that the mineral water bottling company owner could replace Alibaba owner from No.1 position but was Jack Ma on No.1 spot? I think in 2017, the owner of the Mall Chains known as Wanda Plazas. His son was not interested in taking over the business and you might have read that Jack Ma wants to give it up and go back to his teaching job. But still mineral water bottling in a better business than straw manufacturing. I saw a TV interview of a Chinese billionaire who was making Straws. The most remarkable thing about them all is that they all have ordinary background and yet the capitalist countries cry out loud about China being a communist country in which only the people aligned to the party get opportunities to rise.

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