Nongfu Spring Co Ltd (HKG: 9633) founder Zhong Shanshan has surpassed Alibaba co-founder and former executive chairman Jack Ma as the richest person in China. Nongfu Spring — which is a bottled water company — recently went public on the Hong Kong Stock Exchange earlier in September.To get more news about Nongfu Spring, you can visit en.nongfuspring official website.
Ma held the ranking as the richest person in China over the last six years.Shanshan owns about 84% of Nongfu’s shares. AndShanshan has a 74% stake I pharmaceutical company Wantai, which offers hepatitis vaccines and COVID-19 testing kits. Shanshan’s net worth increased by nearly $52 billion so far this year.Based on the current stock price, Nongfu Spring has a market value of $174.92 billion.
Known as the “Lone Wolf,” Zhong Shanshan has a net worth of about $53.4 billion as of today and Ma has a net worth of about $50.4 billion, according to Forbes. Why is Shanshan known as the “Lone Wolf?” He tends to avoid the limelight by not participating in politics and business groups.
Based on these figures, Shanshan is now the 17th richest person in the world and the second wealthiest person in Asia after Mukesh Ambani or Reliance Industries.
Shanshan worked in construction and journalism jobs before launching Nongfu Spring. He launched Nongfu in 1996 and sales have been surging as consumers stopped trusting tap water. Nongfu now sells coffee, energy drinks, rice, and other food products as well.