Jack Ma Toppled By Bottled Water Tycoon As China’s Richest Man
September 24, 2020
3:50 pm
Jack Ma, chairman of Alibaba Group has been unseated as the richest man in China by Zhong Shanshan, the manufacturer of bottled water.
Zhong, known as the “Lone Wolf” overtook Alibaba in China’s richest list after his fortune trebled this year.
According to Bloomberg, the personal fortune of Zhong, who owns China’s largest bottled water company Nongfu Spring, soared to $58.7 billion this year.
This makes him the 17th richest person in the world on Bloomberg’s Billionaires Index , and the second-wealthiest person in Asia after Reliance Industries’ Mukesh Ambani.
Jack …
