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Zhong Shanshan Net Worth 2021

Zhong Shanshan net worth

Glusea brings to you  Zhong Shanshan net worth

Net worth$95 billion
Source of wealthBusinessman.
Date of birthDecember 1954
Country of ResidenceChina

Zhong Shanshan Net Worth

  • Zhong Shanshan chairs Nongfu Spring, a bottled water company, which listed its shares in Hong Kong in September 2020.
  • Hangzhou-born Zhong dropped out of elementary school during China’s chaotic Cultural Revolution.
  • He later had jobs as a construction worker, a newspaper reporter and a beverage sales agent before starting his own business.
  • Zhong also controls Beijing Wantai Biological Pharmacy, which went public on the Shanghai Stock Exchange in April 2020.

Biography

Zhong founded and chairs Nongfu Spring, the largest beverage company in China. He is also the owner of the Chinese pharma giant ‘Wantai’. He is the richest person in China and in December 2020, he became Asia’s richest man, topping India’s Mukesh Ambani. In January 2021 he overtook Warren Buffett to become the world’s 6th richest person.

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Zhong dropped out of school during the sixth grade, at age 12, during the chaos of the Chinese cultural revolution, as his parents were persecuted by authorities, along with many other civilians. He later worked in several jobs, including as a construction worker, news reporter and beverage salesman, before starting his own company. Zhong attended the Zhejiang Open University after failing twice in the entrance exam.

Career

In September 1996, he founded Nongfu Spring, a producer of bottled water, which grew steadily along the years to be China’s top beverage company. The Hong Kong listed firm went public in September 2020, raising nearly $1.1 billion in its initial public offering. According to its offering prospectus, Zhong owns a massive 84.4% of the company with his wife’s relatives owning an additional 6.2% combined.

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He is also the chairman and owns a controlling stake of the pharma giant Beijing Wantai Biological Pharmacy Co. Ltd., also known as Wantai. The company was listed in China in April.

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Zhong is often referred to by Chinese media as a “lone wolf” for his rare public appearances and reluctance to be interviewed

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