This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, according to the Bloomberg Billionaires Index. With this success in IPO, the Nongfu Spring founder Zhong Shanshan has become the third-richest man in China. This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, according to the Bloomberg Billionaires Index. Zhong Shanshan Wikipedia. At one point the paper fortune of Zhong Shanshan, the biggest shareholder in bottled water company Nongfu Spring, briefly surpassed that of China’s two richest men, Alibaba founder … Nongfu Spring traces its roots to 1996, when Zhong established it under the less-catchy name of Xin'an River Yangshengtang Drinking Water. With 84.4% ownership of Nongfu Spring, founder Zhong Shanshan saw his wealth balloon on paper. Nongfu Spring. Nongfu Spring debut surge makes founder Zhong Shanshan third richest in China. Nongfu Spring Co Ltd (HKG: 9633) founder Zhong Shanshan has surpassed Alibaba co-founder and former executive chairman Jack Ma as the richest person in China. Nongfu Spring founder Zhong Shanshan became China’s second richest man in an instant Tuesday after his water bottling company’s spectacular debut on the Hong Kong stock exchange. Zhong had a total net worth on Tuesday morning of about $59 billion, based on a price of … Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on China's Eastern coast. Today News || Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in The Chinese bottle beverage giant founder Zhong Shanshan is now China's third-richest person. 24 Sep, 2020, 06.37 PM IST. As of 2021, Zhong Shanshan’s net worth is estimated to be $52.8 billion. Zhong Shanshan the founder of the popular Chinese bottled water brand Nongfu Spring has overtaken Alibaba BABA founder Jack Ma to become the countrys wealthiest person according to the. Nongfu Spring Co Ltd (HKG: 9633) founder Zhong Shanshan has surpassed Alibaba co-founder and former executive chairman Jack Ma as the richest person in China. With 84.4% ownership of Nongfu Spring, founder Zhong Shanshan saw his wealth balloon on paper. Zhong Shanshan has come from Hongzhou, Zhejiang Province, China. https://cryptheory.org/china-dethrones-jack-ma-as-richest-person-in-country Zhong was already China’s third richest person after his company went public earlier this month with a … Zhong Shanshan and Jack Ma. Nongfu Spring founder Zhong Shanshan was propelled to China's top three richest after the IPO of the company in Hong Kong on Sept 8, 2020. Shares … PHOTO: REUTERS, NONGFUSPRING.COM The 66-year-old billionaire draws his fortune from the massive Nongfu Spring beverage company he founded. Nongfu Spring, the bestselling bottled water in China made its IPO recently and saw its stock rise 85% on its first day of trading. The prospectus lists 68 shareholders in addition to Zhong, with stakes ranging from 0.0063% to 1.4%. Zhong Shanshan. With this success in IPO, the Nongfu Spring founder Zhong Shanshan has become the third-richest man in China. As of Thursday, Nongfu Spring founder Zhong Shanshan had a paper net worth of $57.2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma to … Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in 2020 and 2019 but now trail in fourth place behind bottled water maker Nongfu Spring’s Zhong Shanshan, Tencent Holding’s Pony Ma and e-commerce upstart Pinduoduo’s Collin Huang, the … Yes, you heard it right. Zhong had a compute net worth on Tuesday morning of about $59 billion, based on a price of 39.20 Hong Kong dollars per interest and counting his other holdings, according to Forbes. Zhong controls 84% of shares of the company. Bottled water billionaire pips Jack Ma to become China's richest Zhong Shanshan is the chairman of the Chinese water-beverage company, Nongfu Spring. Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba founder Jack Ma to become the … NEW DELHI: Zhong Shanshan is setting new wealth records. Nongfu Spring founder Zhong Shanshan 's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Zhong’s fortune has rocketed with the Sept. 8 listing of his main business, Nongfu Spring, which controls about a quarter of China’s bottled water market. Now Nongfu Spring's stock surge in Hong Kong is turning its founder into China’s second-richest person. Zhong Shanshan, owner of Nongfu Spring. Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Nongfu Spring founder Zhong Shanshan became China's second richest man in an instant on Tuesday, September 8, after his water bottling company's spectacular debut on the Hong Kong stock exchange. This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, the wealth index said. Shanshan was born in Hangzhou, China. And the Spring has showered a ton of money into his portfolio. Shares of the bottled-water maker jumped as much as 85% and closed up 54% in … First, he worked as a worker in a production company, then he was a reporter in a newspaper and after that, he ventured into business. Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Tuesday's share surge has made the company's founder one of China's richest people. It is owned and chaired by founder Zhong Shanshan As reported by Reuters, Nongfu Spring filed an initial public offering with the Hong Kong Stock Exchange. Nongfu Spring, a bottled water company in China, has reportedly raised more than $1bn through its initial public offering (IPO) in Hong Kong. The recent jump int he company’s stock price has launched Shanshan onto this list. The Chinese Zhong Shanshan stands out as the richest Asian on the planet and the 13th richest man in the world, thanks to a global wealth estimated by Forbes in 2021 at 68.9 billion dollars. Nongfu Spring founder Zhong Shanshan became China's second richest man in an instant Tuesday after his water bottling company's spectacular debut on the Hong Kong stock exchange. Zhong Shanshan is setting new wealth records. Zhong Shanshan, chairman of Nongfu Spring and owner of Beijing Wantai Biological Pharmacy Enterprise, currently holds the title of China’s richest man. Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Founder Zhong Shanshan increased his wealth as reported on paper since he had 84.4% ownership of Nongfu Spring. * Zhong Shanshan chairs Nongfu Spring, a bottled water company, which listed its shares in Hong Kong in early September 2020. Yang Sheng Tang established Nongfu Spring in 1996 as a subsidiary selling packaged drinking water. Nongfu Spring founder Zhong Shanshan's (right) net worth reached US$58.7 billion on Sept 23, US$2 billion more than Jack Ma's. Zhong Shanshan became the country’s second-wealthiest person following the public listing of Nongfu Spring, but some now question whether the … Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. After deducting founder Zhong Shanshan’s roughly 84% stake and other interests held by company executives and Mr. Zhong’s sister-in-law, Nongfu Spring calculates its public float at 14%. 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. Jiang Xin/VCG via Getty Images Zhong Shanshan, who owns China's largest bottled water company Nongfu Spring, has become the … Nongfu Spring founder Zhong Shanshan overtakes Alibaba's Jack Ma. Nongfu Spring, the bestselling bottled water in China made its IPO recently and saw its stock rise 85% on its first day of trading. Nongfu Spring founder Zhong Shanshan . Nongfu Spring, a bottled water company in China, has reportedly raised more than $1bn through its initial public offering (IPO) in Hong Kong. Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to become … Zhong is the founder of Chinese bottled water brand Nongfu Spring. Nongfu Spring’s founder briefly becomes China’s richest man, thanks to a huge stake in bottled water IPO 9 September 2020 by Admin Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Bottled water billionaire pips Jack Ma to become China's richest This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, the wealth index said. Founder Zhong Shanshan increased his wealth as reported on paper since he had 84.4% ownership of Nongfu Spring. * Hangzhou-born Zhong dropped out of elementary school during China's chaotic Cultural Revolution. HONG KONG — Mr Zhong Shanshan, chairman of Nongfu Spring and owner of Beijing Wantai Biological Pharmacy Enterprise, currently holds the … Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province SHANGHAI-(MaraviPost)– Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba (BABA) founder Jack Ma to become the country’s wealthiest person, according to the Bloomberg Billionaires index. Zhong Shanshan: $70.4 billion (chairman of Nongfu Spring the main shareholder of Beijing Wantai Biological Pharmacy Enterprise) Gautam Adani: $62.9 billion (the founding father of Adani Group) Ma Huateng: $60.3 billion (the co-founder and ceo of Tencent Holdings) Jack Ma: $48.7 billion (the founding father of Alibaba Group) September 25, 2020 02:01 JST | China. He is the owner of Nongfu Spring Company. Shanshan has earned his fortune thanks to the Chinese bottled water company Nongfu Spring and the Beijing Wantai Biological Pharmacy. Perusahaan tersebut dimiliki dan diketuai oleh Zhong Shanshan. This made its founder Zhong Shanshan the richest man in … Nongfu Spring founder Zhong Shanshan became China’s wealthiest man in an instant yesterday after his water bottling company’s spectacular debut on the Hong Kong stock exchange. The chairman of Nongfu Spring Co, a bottled-water company that’s ubiquitous in China, is … Anthony Russo Sep 08,2020,17:30 Shares of Nongfu Spring Co., Ltd. (HKEX: 09633) surged as much as 85% in its Hong Kong debut Tuesday. Today News || Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in The net worth of Zhong Shanshan, who owns 84 percent of the firm he … Nongfu Spring founder Zhong Shanshan became China's second richest man in an instant Tuesday after his water bottling company's spectacular debut on the Hong Kong stock exchange. Last Tuesday, data from Forbes showed that Zhong had a total net worth of $59 billion, basing it on a price of 39.20 Hong Kong dollars per share, including his other holdings. … This made its founder Zhong Shanshan the richest man in … Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Shares of Nongfu Spring briefly surged 85% in their initial public offering in Hong Kong on Tuesday, temporarily making founder Zhong Shanshan the richest person in China on paper, according to Forbes analysis.Zhong owns 84.4% of the bottled water giant, while the publicly offered shares account for less than 4% of the company, according to… Sanu Lama is the richest man in China and a business tycoon. Zhong Shanshan, who established the company in 1996, owns Nongfu Spring shares worth $40 billion. Nongfu Spring — which is a bottled water company — recently went public on the … Huang — who has a net worth of about $53 billion, according to Bloomberg, and is China's third richest person behind Nongfu Spring founder Zhong Shanshan and Tencent founder Pony Ma — … This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, the wealth index said. Founded by Zhong in 1996 in China’s southeastern city Hangzhou, Nongfu Spring sold 388.2 million shares in its IPO deal. Nongfu Spring founder Zhong Shanshan's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Copy Copied. Nongfu Spring ( Hanzi sederhana: 农夫山泉; Hanzi tradisional: 農夫山泉; Pinyin: Nóngfū Shānquán; artinya 'Mata Air Petani') adalah sebuah perusahaan minuman dan air botol Tiongkok yang bermarkas besar di Distrik Xihu, Hangzhou, provinsi Zhejiang. Huang — who has a net worth of about $53 billion, according to Bloomberg, and is China's third richest person behind Nongfu Spring founder Zhong Shanshan and Tencent founder Pony Ma — … Zhong Shanshan is a Chinese businessman and entrepreneur. With a net worth of $51 billion, Zhong, who owns 84% of Nongfu’s stock, ended Tuesday as China’s third wealthiest man, according to Bloomberg. This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, the wealth index said. The founder of CATL, ... Robin Zeng Yuqun enters a select group of the five richest people in Asia, which includes Zhong Shanshan (Nongfu Spring … Zhong, 65, sells bottled water. Zhong Shanshan, founder of Nongfu Spring (09633.HK), becomes the world's 8th richest man as share price surge on Jan.4, says Forbes. Nongfu Spring founder Zhong Shanshan 's net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba founder Jack Ma to become the … A businessman who spun his wealth from bottled water and vaccines has usurped tech tycoon Jack Ma as China's richest man, the Bloomberg Billionaires Index showed Thursday. PHOTO: NONGFUSPRING.COM Nongfu Spring - always the name of its brand - … The company raised approximately US$1bn by pricing its IPO at the HKD21.50/share, at the top end of its IPO range. PHOTO: NONGFUSPRING.COM In an exclusive interview with China Daily in 2016, Mr Zhong said Nongfu Spring’s major breakthrough came in 1999 when he announced the company would stop selling purified water to focus on mineral water as the former offered no health benefits. Zhong, 65, is sharing some of his success. It was the hottest IPO in town. Nongfu Spring founder Zhong Shanshan . Nongfu Spring founder Zhong Shanshan became China's second richest man in an instant Tuesday after his water bottling company's spectacular debut on the Hong Kong stock exchange. Zhong Shanshan, who started the water company Nongfu Spring in 1996, is now worth $58.7bn (£46.2bn) and is currently the 17th richest person in the world, according to … Some got their ownership last year, when the founder and his holding company transferred 0.79% of Nongfu to 33 people as part of a staff incentive program. Last Tuesday, data from Forbes showed that Zhong had a total net worth of $59 billion, basing it on a price of 39.20 Hong Kong dollars per share, including his other holdings. Nongfu Spring Co.’s stock surge has turned its founder into China’s third-richest person. He holds a 17% direct stake in Nongfu and controls another 67% through Yangshengtang, a company entirely owned by him. Nongfu Spring is a Chinese bottled water and beverage company headquartered in Xihu District, Hangzhou, Zhejiang province. The founder of Chinese well-known bottled water firm Nongfu Spring, Zhong Shanshan, is now China’s wealthiest business magnate, overtaking bosses of tech giants like Jack Ma and Ma Huateng, according to the New Fortune magazine. He owns 85% of Nongfu and 75% of Wantai. https://www.thestreet.com/video/zhong-shanshan-china-richest-man-jack-ma Nongfu Spring — which is a bottled water company — recently went public on the Hong Kong Stock Exchange earlier in September. 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