- Zhong's net worth jumped to KSh 6.4 trillion on Wednesday, September 24, beating Ma by KSh 216.9 billion, - The billionaire's fortunes can be traced to a bottled water company which listed its shares in Hong Kong stock exchange on September 7, - The stock listing propelled him to top three of China's richest person earlier in September before jumping to position one, PAY ATTENTION: Click 'See First' under 'Follow' Tab to see Tuko.co.ke news on your FB feed. 1 with a fortune of $58.8 billion, followed by Ma Huateng, founder of Tencent at No. Is backwards contact tracing the way forward? In an improbable career spanning mushroom farming, journalism and selling erectile dysfunction pills, Zhong Shanshan says he has learnt the value of hype. "Zhong Shanshan is one of the few people in China to not just build one $10 billion business, but two $10 billion businesses," said Hoogewerf. According to Forbes, his net worth is $64.4 billion as of November 2020. Mr Zhong may not stay ahead of Mr Ma, who has held the top spot for the past six years, for long. Zhong Shanshan, 65, was born in Hangzhou. SHANGHAI-(MaraviPost)â Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to become the countryâs wealthiest person, according to the Bloomberg Billionaires index. Jack Ma and other tech elites recorded losses on Wednesday. Read about our approach to external linking. The chairman of Nongfu Spring (9633), Zhong Shanshan, has beaten Pony Ma Huateng and Jack Ma Yun to become the richest man in China, according to Forbes. The online payments firm could net Mr Ma an estimated $28bn if the company achieves the $250bn valuation it has been targeting. Billionaire Jack Ma has been dethroned as Chinaâs richest man. Zhong Shanshan is currently the richest person in China. Nongfu Spring's red-capped bottles are sold nationwide from small stores to high-end hotels. According to the Bloomberg Billionaires Index, Zhong Shanshanâs net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Maâs. China minted 257 billionaires over the past year, bringing the total to 878, according to the Hurun Rich List 2020, which tracks wealth in China. Zhong is now the second-richest individual in Asia, behind Mukesh Ambani of India, and is the worldâs 17th-richest, ahead of Charles Koch and Phil Knight. A bottled-water magnate has beaten out two tech tycoons for the title of Chinaâs richest person. The US president holds a campaign rally in Georgia where two run-offs will determine control of the US Senate. The Bloomberg Billionaires Index reported that the drop in Ma's case was attributed to general dismal performance and massive losses among world's tech companies. 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In 1998, he served as the Director of Foreign Trade and Economic Cooperation Department of Zhejiang. The richest person is China is a bottled water tycoon, knocking Alibaba founder Jack Ma from his mantle. Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on Chinaâs Eastern coast. Photo: Getty Images.Source: Getty Images, READ ALSO: Young graduate transforms grandparents' house into amazing home to appreciate them. The richest woman on the list was Yang Huiyan of Country Garden who ranked sixth with $33 billion. ... Zhong Shanshan Net Worth, Knocking Water to Jack Ma Sep 24, 2020. The company also produces teas, flavoured vitamin drinks and juices. First-time list member Zhong Shanshan, 66, best-known for his bottled water brand Nongfu, parachuted into third spot with $53.7 billion after a Hong Kong IPO in September, the report found. Help us change more lives, join TUKO.co.ke’s Patreon programme. Mr Zhong now ranks 17th overall on its list of the world's top 500 richest people. With the wealth disparity constantly diverging, becoming a billionaire and keeping that status grows more ⦠The founder of Nongfu Spring, a popular bottled water brand, overtook Jack Ma and Ma Huateng when his company went public. .css-14iz86j-BoldText{font-weight:bold;}The richest person is China is a bottled water tycoon, knocking Alibaba founder Jack Ma from his mantle. Zhong's net worth jumped to KSh 6.4 trillion on Wednesday, September 23, beating Ma by KSh 216.9 billion which also made him the second wealthiest person in the Asian continent. First-time list member Zhong Shanshan, 66, best-known for his bottled water brand Nongfu, parachuted into third spot with $53.7 billion after a Hong Kong IPO in September, the report found. ... House ⦠Chinese Tycoon Ren Zhiqiang ⦠Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to become the countryâs wealthiest person, according to the Bloomberg Billionaires index. He also owns Beijing Wantai Biological Pharmacy Enterprise Company whose shares got listed in the stock market in April 2020. Zhong's net worth jumped to KSh 6.4 trillion on Wednesday, September 23, beating Ma by KSh 216.9 billion which also made him the second wealthiest person in the Asian ⦠3 with $53.7 billion. He has served as the vice governor, Cabinet minister among other portfolios. Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to become the countryâs wealthiest person, according to the Bloomberg Billionaires index. HERE ARE THE BILLIONAIRES WHOSE FORTUNES INCREASED THE MOST THIS WEEK. According to Financial Times, Nongfu Spring founder Zhong Shanshanâs net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong, according to Bloomberg estimates that makes him richer than Mr. Ma, whose fortune dipped to $56.7bn after shares in e-commerce group Alibaba fell 0.9 â¦