Billionaire selling water in China leaves Alibaba's Jack Ma behind, water overflows treasury

Beijing, Ta. 26 September 2020, Saturday

The Chinese billionaire and owner of the Ali Baba Company has been stripped of his crown of wealth. The water bottle and vaccine tycoon has become the richest man in China. According to the Bloomberg Billionaires Index, Zhong Shanshan has a net worth of .7 58.7 billion.

China's richest man selling water, Zhong Shanshan, has surpassed Alibaba founder Jackman. Dhanpati has come first in China. They do not do business related to electronic technology. He started a water company called Nongfu Spring in 1996, which is now worth 7 5.7 billion. He is currently the 17th richest person in the world, according to the Bloomberg Billiards Index.

Zhong Shanshan comes from Hongzhou, Zhejiang Province, China. First he worked as a laborer in a production company, then he was a reporter in a newspaper. He then entered the business. The fortunes of Chinese businessmen have skyrocketed in recent months. It has since expanded its stake in the pharmaceutical company Beijing Vantai Biological Pharmacy Enterprise. The company was listed in Shanghai in April.

Nongfu Spring is China's largest brand of drinking water bottles. Shares in Hong Kong rose 54 percent. Zong will no longer be able to achieve his first place. The first public issue of Jack Mani Alibaba-backed Ant Group is set to hit the market early next month.

Zag is also known by his nickname Lonewolf. Its position in Asia is second only to India's Mukesh Ambani of Reliance Industries. Most of China's billionaires are from the tech industry.