Vaccine and water made Zhong Shanshan Asia’s richest person

Vaccine and water made Zhong Shanshan Asia's richest person
Zhong Shanshan is nicknamed as "lone wolf". Source: VCG
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Daily US Times: Zhong Shanshan has become a new richest person in Asia thanks to his vaccine-making firm and bottled water company.

Mr Shanshan has seen his wealth surge $7bn this year, helping him leapfrog China’s Jack Ma and India’s Mukesh Ambani.

His $77.8bn worth fortune made him the world’s 11th richest person, according to the Bloomberg Billionaires Index.

Nicknamed the “lone wolf” Mr Zhong’s career has spanned mushroom farming, journalism and healthcare.

The billionaire took vaccine-maker Beijing Wantai Biological public in April listing its shares on the Chinese stock market. Three months later he did the same thing with his bottled water company Nongfu Spring, publicly listing it in Hong Kong.

At the time, this propelled him above Jack Ma, who had previously been Asia and China’s richest person.

Since then, Nongfu Spring has become one of Hong Kong’s hottest listings and its shares have jumped 155% since their debut. Beijing Wantai Biological is among those developing a Covid-19 vaccine and its shares are up more than 2,000%.

This dramatic rise in wealth has pushed Zhong Shanshan up to first place in Asia and according to Bloomberg, it is one of the fastest accumulations of wealth in history.

Many of the world’s wealthiest persons have seen their fortunes soar during the coronavirus pandemic, including Amazon founder Jeff Bezos.

Mr Ambani of India saw his fortune surge $18.3bn to $76.9bn as he struck deals to transform his conglomerate Reliance Industries into a technology and e-commerce titan.

Facebook said earlier this year that it was investing $5.7bn in cut-price Indian mobile internet company Reliance Jio, which is owned by Mr Ambani.

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