China’s bottled water king is now richer than Warren Buffett



NEW DELHI: Zhong Shanshan is setting new wealth records.


The chairman of Nongfu Spring Co, a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion to $91.7 billion since the start of the year, according to the Bloomberg Billionaires Index.


Zhong, 66, is now the sixth-wealthiest person on the planet. Nongfu shares jumped 18% in the first two trading days of 2021, taking the advance since their September listing to 200%.


It’s only the second time a Chinese national has broken into the world’s top 10 -- property tycoon Wang Jianlin hit No. 8 in 2015 -- and no one from the mainland has ever ranked this high on Bloomberg’s wealth index since it launched in 2012.

这是中国人第二次闯入全球富豪榜前十名 —— 地产大亨王健林在2015年夺得第8。自2012年彭博亿万富翁指数推出以来,他是首位来自大陆,在该指数中排名如此靠前的人。

Nicknamed locally as the “Lone Wolf” for avoiding involvement in clubby business groups or politics, Zhong also took vaccine maker Beig Wantai Biological Pharmacy Enterprise Co public in April. The stock has soared more than 2,500%.


Zhong dethroned Mukesh Ambani as Asia’s wealthiest person last week and is close to entering the rarefied realm of individuals worth more than $100 billion. Buffett is outside that group with an $86.2 billion fortune, but the Berkshire Hathway Inc founder has given away more than $37 billion of stock since 2006.


Investors are snap up Chinese consumer shares as the country demonstrates it’s recovering from Covid-19, while analysts have grown increasingly bullish on Nongfu.


Zhong has also helped four relatives become billionaires. His younger sister, Zhong aoao, and three of his wife’s siblings each hold a 1.4% stake in Nongfu worth $1.3 billion, based on the ownership listed in the company’s prospectus from last year. The firm has produced dozens of millionaires, including more of Zhong’s relatives and employees.


While Covid-19 upended much of the global economy in 2020, it was a good year for the world’s ultra-rich. The 500 wealthiest people added $1.8 trillion to their fortunes and were worth a combined $7.6 trillion by year-end. Zhong, the biggest winner from Asia, amassed more than $71 billion, the most after Tesla Inc.’s Elon Musk and Amazon.com Inc’s Jeff Bezos.



译文来源:三泰虎  http://www.santaihu.com/p/51724.html  译者:Jessica.Wu

Suicide bomber

Billions can't stop death. Everybody will have to leave this world one day.



Ramesh Pathak

Anything Chinese ..even people can not be trusted!




china killed the world economy, so their people could rule the world. Its a war with out any attack.


Patiala Khap

Do you have any proof?



Rajkumar Vincent

These billions are just nothing. Every one talks of billions these days. A live stock company talks of 100 billions valuation with a turnover of less than 10 million. It is just that the fund managers are gambling with the data.




Indian people should learn from Chinese, how they focus on their job and less talks. In India, it just opposite, more talks and less work.



Suicide bomber

No worries...Ambani will surpass him soon with the help of Congress and BJP.



Monte Cristo

I'm a Hindu BTW but the situation in this country is just unbelievable. No one wants to focus on making wealth/improving economy. Rather everyone is happy with mediocrity.



Rahul K Barnwal

Bottled or packaged water seems to be one of the future growth area



Shasti Brata

it is a matter of time before the bottle king is going to be canned



Pradipta Mitra

Fake news



Prateek Singh

Water bottle business is like a massive scam. No wonder the people who run this business make massive profits



Niraj Baua

rich getting richer... poor are stuck on the bottom



Norman Sagat

He defeated the overconfident Mukesh ambani.well done




All these comments were posted using Chinese mobile including mine...



Prathik Sagar

In future there will be a guy baang or gaang who would be super rich by selling pure air in china



Zainul Abedin

This man should be careful now


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