Jack Ma has been known as China’s Richest Man and he has derived this wealth from spinning bottled water and vaccines, The Bloomberg index had stated on Thursday.
Nongfu Spring founder Zhong Shanshan’s net worht has hit $58.7 billion after having being listed as the massive bottled water company in Hong Kong earlier this month.
This announcement makes him $2 Billion richer that previous number on, Alibab Jaack Ma. Zhong’s Nongfu Spring which claims to be number one in China’s massive bottled water market, is ubiquitous across a country where people shun tap water for health reasons.
It has been seen that the company has raised nearly $1.1 Billion form its initial public offering. Zhong is also the chairman of Beijing Wantai Biological Pharmacy Co. Ltd., a vaccine manufacturer listed that on the mainland in April. This company is also developing COVID-19 vaccine nasal spray in conjunction with a prominent university. (Source : economictimes.com)