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Thursday, September 24, 2020

China's Mega-rich

 The richest person is China is a bottled water tycoon, Zhong Shanshan who founded Nongfu Spring in 1996 in the Zhejiang province on China's Eastern coast, knocking Alibaba founder Jack Ma from his mantle. Zhong's Beijing Wantai Biological Pharmacy Enterprise controlling stake in the firm saw his overall wealth jump as much as $20bn by August.

 Shanshan is now in top spot with wealth of $58.7bn (£46.2bn).  He is also now Asia's second-richest person behind India's Mukesh Ambani, the billionaire behind Reliance Industries.  He ranks 17th overall on its list of the world's top 500 richest people.

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