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China’s richest man, Zhang Sansan, file photo.
Alibaba founder Jack Ma lost the title of richest man in China. Zhang Sansan is the second richest person in China and the second richest person in Asia. His total assets amount to five thousand six hundred million dollars. That’s ২০০ 200 million more than Jack Ma. The new figures appear in the Bloomberg Billionaires Index. While Zhang has become the second richest man in Asia, Indian industrialist Mukesh Ambani is at the top. Zhang Sansan is ranked 17th among the richest people in the world.
Sansan’s main business in China, known as ‘Lone Wolf’ or ‘Lonely Wolf’, is selling bottled water. Su Nongfu Spring Corporation is the most popular brand in Hong Kong. Sansan also owns the vaccine maker Wangtai Biological Pharmacy Enterprise. Recently, the company went public. Because of this, Zhang Sansan’s total wealth has increased by two billion dollars.
Photo: Bottled water produced by Zhang Sansan.
In 2020, the wealth of this businessman has jumped to 5,200 crore dollars. Only Amazon boss Jeff Bezos and Tesla boss Elon Musk have added more assets this year.
In China, the heads of tech companies are often the richest. Jack’s mother held this honor for six years. But this time she had to lose the crown to the water merchant Sansan. However, according to market experts, it is possible that the Alibaba captain will return to the ancient kingdom soon.
By the way, the share price of technology companies fell around the world last Wednesday. The biggest loser is Elon Musk’s Tesla.
Source: India Times.
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