admin Beating India’s Mukesh Ambani, the throne of the richest person in Asia has been conquered by the bottled water manufacturer Zhong Shanshan. Not only this, he is also the eleventh richest person in the world.
His worth increased from $70.9 billion to $77.8 billion in the year 2020. To reach this position, he had to beat Mukesh Ambani and various Chinese tech giants like Jack Ma. His career is very wide starting from journalism then mushroom farming and finally a health care expert.
His accumulation of wealth is one of the fastest leading him to beat other giants in Asia and this feat of his is quite astonishing given the fact that he was not very well known outside of China.
He is a man who likes to stay by himself and chooses to stay away from politics and its controversies and his interests are usually not aligned to any third party. Due to this status of his, usually people call him the lone wolf.
His success is not the result of one single venture, rather he owes it to two completely different ones. To begin with, he took Beijing Wantai Biological Pharmacy Enterprise which is a renowned vaccine maker in China public in April this year and then his other venture Nongfu Spring Co. also managed to grab eyeballs and boost sales in almost all of China and in particular in Hong Kong.
The shares of both these huge enterprises have boosted 155% for the bottled water and a whopping 2000% for the vaccine making organisation.
The second richest person in all of Asia, Mukesh Ambani has also had a spectacular year and his company Reliance Industries Ltd became a e-commerce titan making his net worth go straight from $18.3 billion to a shocking $76.9 billion.
China recently carried out surveys and increased the scrutiny for all its tech companies which led to the downfall of major companies. Jack Ma who was the richest person in Asia before Ambani took over, saw a decline in his net worth this year. This in turn, helped Zhong where his net worth increased substantially.
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