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According to the BBC, Shanshan’s wealth has increased by 600 billion pounds this year; The wealth of the other two rivals Ambani and Jack Ma did not increase that much.
According to the Bloomberg Billionaires Index, Shanshan is the richest person in Asia and the 11th richest person in the world with a net worth of 6.8 billion.
Known as the ‘Lone Wolf’, Zhong Shanshan has expanded his business into various fields, including journalism, mushrooms, agriculture, and healthcare.
Last April, Shanshan’s vaccine maker, Beijing Wantai, took over the biological company and it was listed on the Chinese stock exchange. Three months later, Shangshan’s bottled water company, Nongfu Spring, was listed on the Hong Kong market.
China’s biggest billionaire sells bottled water
Chong Shanshan, a businessman, was named the richest man in China last September, beating Jack Ma, the head of e-commerce company Alibaba, in the success of Nungfu Spring.
Since then, Nongfu Spring’s stock has skyrocketed. In addition, additional shares of Beijing Wantai Biological Company have been added. This company is also among the companies that manufacture the Covid-19 ticker.
Together, Zhong Shanshan’s wealth has grown exponentially, making him one of the richest people in Asia.
In China, it is generally those involved in the tech industry who are nicknamed the nouveau riche. Jack’s mother has been receiving this badge for the past six years.
But in the wake of the recent escalation of tensions between China and the United States over Huawei, TickTock and WeChat, Jack Ma’s decline came as the price of China’s tech stocks fell.
On the other hand, Indian businessman Mukesh Ambani’s stake in Reliance Industries Ltd fell during this time of the coronavirus epidemic, pulling him out of the richest seat in Asia.
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