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Nongfu Spring bottled water founder becomes China’s richest man 18/1/2021
Zhong Shanshan, Chairman of Nongfu Spring Company, attends the Nongfu Spring New Product Launch Conference on February 1, 2015 in Baishan, Jilin Province, China.Jiang Xin | VCG | Getty Images
BEIJING – Consistent gains in two Chinese stock takeovers this year have propelled their controlling shareholder to the top of China’s rich list.On Thursday, Nongfu Spring founder Zhong Shanshan had a paper net worth of $ 57.2 billion, surpassing Tencent’s Pony Ma and Alibaba founder Jack Ma, whose respective holdings were worth $ 56.3 billion and $ 50.4 billion, according to Forbes.To get more news about Nongfu Spring, you can visit en.nongfuspring official website.
The paper gains also mean that China’s richest man now ranks 17th in the world, just behind Google co-founders Larry Page and Sergey Brin, according to Forbes’ real-time billionaire list.

Zhong owns 84.4% of the bottled water giant, an increase of about 77% from its September 8 public offering in Hong Kong, when the company raised around $ 1.1 billion in one of the biggest public exchange offerings so far this year.

Zhong also owns a majority stake in Wantai Biological, a pharmaceutical company that claims to be one of many Chinese companies developing a vaccine against Covid-19. Wantai is up more than 2,000% since its initial public offering on the Shanghai Stock Exchange in April.

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