Mukesh Ambani is no longer Asia’s richest person, meet the new Chinese man who dethroned him
know who has gone ahead of him Mukesh Ambani (Mukesh), chairman of Reliance Industries, the country’s most valuable company, is no longer the richest man in Asia.
Zhong Shanshan of China has now overtaken him. Mukesh Ambani (Mukesh), chairman of Reliance Industries, the country’s most valuable company, is no longer the richest person in Asia.
Zhong Shanshan of China has now overtaken him. According to the Bloomberg Billionaires Index, Zhong’s net worth rose by $ 70.9 billion to $ 77.8 billion this year.
With this, he became the 11th richest man in the world. In the list of Asia’s richest people, now the owners of companies such as Nongfu and Wantai, China’s Zhong Shanshan is the first with $ 77.8 billion in assets.
Mukesh Ambani has dropped to second place with a wealth of $ 76.6 billion. Pinduoduo’s third place in this list is Colin Huang.
His total assets are $ 63.1 billion. Tencent’s Pony Ma is fourth with assets of $ 56 billion. Jack Ma, the surveyor of companies such as Alibaba and Ant, has slipped to number five with assets of $ 51.2 billion.
Popularly known as ‘Lone Wolf’, Zhong, 66, has worked as a construction worker, a newspaper reporter, drugmaker and beverage sales agent before starting his own business.
Hangzhou-born Zhong dropped out of primary school during the chaos of the Great Proletarian Cultural Revolution in China.
In April 2020, Zhong-controlled Beijing Wantai Biological Pharmacy went public on the Shanghai Stock Exchange. His controlling stake in the company saw his overall fortunes surge as much as $20 billion by August.
Further, Nongfu Spring shares became an instant hit in September this year when they were listed on the Hong Kong stock exchange. Nongfu shares have soared around 155 per cent since their debut.
Nongfu Spring’s red-capped bottles are sold across China from small shops to high-end hotels. The company also sells teas, juices and flavoured vitamin drinks.