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Zhong Shanshan, the chairman of bottled water company Nongfu Spring, is now the world’s sixth richest person, with a $92.1 billion net worth thanks to a stratospheric rise in his company’s...
Combined with other cash and assets valued by Bloomberg at $1bn, his total paper fortune is $51bn. The initial public offering nearly trebled the net worth of Shanshan, a former mushroom grower...
Hong Kong CNN Business — Meet China’s new richest man. Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to...
Topping China’s rich list, Nongfu Spring CEO Zhong Shanshan has put the billionaire into bottled water While normally associated with being low-key, both reluctant to speak to the media or socialise in elite circles, Chinese entrepreneur Zhong Shanshan, 67, has been thrust into the spotlight after being crowned China’s richest man.
A bottled-water magnate has beaten out two tech tycoons for the title of China’s richest person. Zhong Shanshan, founder of Hangzhou-based beverage maker Nongfu Spring, has claimed the...
Zhong Shanshan (Chinese: 钟睒睒; pinyin: Zhōng Shǎnshǎn, born December 1954) is a Chinese billionaire businessman. He is the founder and chairperson of the Nongfu Spring beverage company, and the majority owner of Beijing Wantai Biological Pharmacy Enterprise .
Bottled water tycoon Zhong Shanshan has become richest man in China with $60.6 billion, according to the Hurun China Rich List. In the second place is Zhang Yiming, founder of ByteDance,...
First, Zhong is famous for being the founder of Nongfu Spring. Primarily, this is a company that sells bottled water. However, Nongfu Spring is known for teas, juices, and other beverages as well. Initially, Nongfu Spring sourced its water from Qiandao Lake, which means Thousand Island Lake.
How did Zhong Shanshan get rich? Zhong launched Nongfu Spring in 1996 and still maintains an 84 percent share in the company, which has more than a quarter of the bottled water market in China, according to market research firm Mintel, where many people shun tap water due to health concerns. Zhong Shanshan House
The Chinese Water Tycoon Who Became Asia's Richest Man Water is life and for Zhong Shanshan, water is what allows him to live the high life. Nongfu Spring has been an Asian Juggernaut. By Param Davies Published Aug 02, 2021 As absurd as it may sound, Zhong Shanshan became the richest Asian by selling water.