The Richest Man in
Asia by Zhong Shanshan
Mukesh Ambani enjoyed the title of the richest individual in Asia for less than two years. Bloomberg reported that Indian businessman Ambani was overtaken by Chinese billionaire Zhong Shanshan. Shanshan founded Nongfu Spring, which sells bottled water, and also owns the Chinese pharmaceutical giant, Wantai. In 2020, the value of Shanshan's assets increased by more than $ 70 billion. The Bloomberg Billionaire Index said its assets recently reached $ 77.8 billion. Shanshan is currently the 11th richest individual in the world. Oracle co-founder Larry Ellison is in 10th place.
Although Mukesh Ambami lost his championship, he is not far behind Shanshan. The value of the assets of the Chairman of the Board of Directors of Reliance Industries is 76.9 billion US dollars. Shanshan managed to accumulate his assets thanks to his position as chairman of the board in two large companies. The first is Nongfu Spring. which sells bottled water. The second is Beijing Wantai Biological Pharmacy Enterprise, which manufactures vaccines and hepatitis test kits.
According to Bloomberg, Nonfgu Spring's revenues in 2019 reached $ 3.5 billion. At the same time, the pharmaceutical company Wantain reported sales of $ 171 million. The value of Shanshan's assets increased in 2020 due to the listing of both companies. Beijing Wantai Biological Pharmacy Enterprise was listed on the Shanghai Stock Exchange in April 2020. The initial offer to sell shares of Nonfgu Spring was made in September and was valued at $ 1.1 billion. Thanks to her, Shanshan became the third richest person in China, practically overnight.