China’s Zhong Shanshan, who sells bottled water, defeats Mukesh Ambani to become Asia’s richest man
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New Delhi 11 days ago
With a net worth of 0.877.8 billion, Shashank Mukesh Ambani becomes the 11th richest person in the world and the 12th richest person in Asia
Zhong Shanshan, who sells bottled water in China, has become the richest man in Asia. Their net has grown to $ 70.7 billion this year and now their total net is $ 77.77.8 billion. Zong Shanshan has passed Reliance Industries Ltd chairman Mukesh Ambani in terms of net worth in Asia. Mukesh Ambani’s total net worth now stands at 0.976.9 billion due to the continued decline in RIL shares.
Wealth has increased for these reasons
Shangshan is affiliated with Nongfu Spring, a company that makes bottled water, and Beijing Ventai Biological Enterprise, a company that makes corona vaccines. His two companies have become very popular in China and Hong Kong thanks to the corona vaccine. Ventai’s stock has increased by more than 2,000% since the vaccine was introduced, while Nongfu’s stock has grown by more than 155% due to increased demand during the lockdown. Shanshan even surpassed Jack Ma, China’s richest man, in terms of earning money. Shanshan has also ventured into careers such as journalism, mushroom farming, and health.
Zong is known as Lone Wolf in China
Zhong Shanshan, 66, is known in China as Lone Wolf. Before starting his own business, Zong worked as a construction worker, journalist, health worker, and water sales agent. Zhong was born in Hangzhou, China, and dropped out of elementary school during the chaos of the Great Polytechnic Revolution. Zong founded his own beverage company, Nongfu Spring, in September 1996. The company launched its first packaged drinking water in 1997. Nongfu Spring’s 2019 revenue was 3.4 billion, up 20 billion , 47% compared to the previous year. The company raised $ 1 billion during an IPO.
Nongfu Spring, a company owned by Zhong Shanshan, launched the first packaged drinking water in 1997.
4 of the 5 richest people in Asia from China
Four of the 5 richest people in Asia are linked to China. Zhang Shanshan is number one and Mukesh Ambani is number two. Number three is Colin Huang. Its net is 0.1 63.1 billion. Huang is the founder and CEO of e-commerce company Pinduoduo. The founder and president of Tencent is fourth in pony with a net of 56 56 billion. Tencent is the parent company of WeChat, a popular social media platform in China. Jack Ma, president and founder of Alibaba, is the fifth richest man in Asia. Their total net worth is $ 0.251.2 billion.
Mukesh Ambani was the fourth richest man in the world
Mukesh Ambani has raised around Rs 1.9 lakh crore this year through the sale of its stake in Reliance Jio and Reliance Retail Ventures. As a result, Ambani reached the fourth position in the list of the richest people in the world.
However, the shares of Reliance Industries have been declining for a long time. This affects Mukesh Ambani’s net worth. Now with a net worth of 76.76.9 billion, Mukesh Ambani is the 12th richest person in the world. Zhong Shanshan is the 11th richest person in the world.
Reliance shares soar 57.87% in 1 year
Shares of Reliance Industries, led by Mukesh Ambani, rose 57.87 percent on BSE in a year. RIL shares closed at Rs 1,500.47 per unit on December 31, 2019. It peaked at Rs 2,368.80 per unit on December 16 of this year. However, today, December 31, 2020, it is trading at Rs 2,000.45 per unit. RIL shares are trading today down 15% from all-time high.
The 10 richest people in the world
RanknameNetWorth # 1 Jeff Bezos 1922 Alan Musk 1673 Bill Gates 1314 Bernard Anault 1155 Mark Zuckerberg 1036 Warren Buffett 87.07 Larry Page 81.98 Steve Bilmer 80.29 Serge Brin 79.310 Larry Allison 79.2
– Networth is in the billions of dollars.
Source: Bloomberg Billionaire Index.