Bottled water billionaire pips Jack Ma to become China’s richest
Nongfu Spring founder Zhong Shanshan’s web value has hit $58.7 billion after a large list by way of the bottled water corporate in Hong Kong previous this month. This makes him $2 billion richer than earlier primary, Alibaba founder Jack Ma, in line with the Bloomberg Billionaires Index.
Nongfu Spring, with its unique labelling, is reported to be China’s greatest manufacturer of bottled water, a feat that has propelled founder Zhong Shanshan to the highest of the rustic’s wealthy listing. (Photograph: AFP)
A businessman who spun his wealth from bottled water and vaccines has usurped tech magnate Jack Ma as China’s richest guy, the Bloomberg Billionaires Index confirmed.
Nongfu Spring founder Zhong Shanshan’s web value has hit $58.7 billion after a large list by way of the bottled water corporate in Hong Kong previous this month.
This makes him $2 billion richer than earlier primary, Alibaba founder Jack Ma, the wealth index stated on Thursday.
Zhong’s Nongfu Spring, which claims to be primary in China’s huge bottled water marketplace, is ubiquitous throughout a rustic the place most of the people shun faucet water for well being causes.
The corporate raised just about $1.1 billion in its preliminary public providing.
Zhong could also be the chairman of Beijing Wantai Organic Pharmacy Co. Ltd., a vaccine producer that indexed at the mainland in April.
It’s growing a Covid-19 vaccine nasal spray along side a outstanding college.
Zhong, a 66-year-old former reporter from Zhejiang who state media say was once additionally as soon as a development employee, is ceaselessly referred to by way of Chinese language media as a “lone wolf” for his uncommon public appearances and reluctance to be interviewed.
He based Nongfu in 1996, simply as China’s bottled water marketplace started to take off.
