Story: Zhong Shanshan; 20-01-2023;
Zhong Shanshan Chinese billionaire and bottled water tycoon, all you need to know.
Zhong was born in Hangzhou in 1954. In 1996, Zhong founded a bottled water company in Hangzhou, which later became Nongfu Spring.
Chinese billionaire Zhong Shanshan a 68-year-old billionaire was as of 2022, was the wealthiest Chinese citizen with a net worth of $62.3 billion. His source of wealth is mainly beverages and pharmaceuticals.
Key things to know about Mr. Zhong Shanshan:
• Chinese investor and the chairman of a popular (in China) bottled water company "Nongfu Spring" made $70 billion in 2020.
• Chinese billionaire Zhong Shanshan made more than $70 billion in 2020 to become the richest person in Entire Asian region.
• Shanshan's net worth is estimated at $62.3 billion.
• Shanshan is the chairman and the founder of Chinese vaccine maker "Beijing Wantai Biological Pharmacy Enterprise".
Zhong Shanshan bottled water company Nongfu Spring made him earn his fortune, he took advantage of new technologies such as cloud computing and big data in order to gain a key advantage in understanding Nongfu Spring's customer base.
Starting in 2012, Nongfu Spring was the number one seller of packaged beverages in China. It maintained this dominance for 8 consecutive years.
Nongfu Spring's initial public offering in September 2020 massively increased Zhong's wealth. It expanded his fortune from 18.9 billion dollars to over 50 billion dollars.
This made him China's wealthiest or second-wealthiest person, according to Bloomberg and Forbes respectively. At the end of 2020, Forbes listed Zhong as Asia's wealthiest person.
In January 2021, Forbes reported that the increasing share price of Nongfu Spring made him China's wealthiest person and the world's sixth wealthiest person, with a net worth of 95 billion dollars