Jack Ma dethroned as China's richest person

Thursday, 24. September 2020 11:17

Zhong Shanshan, owner of bottled-water company Nongfu Spring Co. and major owner of pharmaceutical company Wantai Biological became the richest person in China surpassing Tencent's Ma Huateng and Alibaba's Jack Ma with $57.2 billion net worth.

Zhong, who also stands at the 17th place of the richest people in the world, right after Google co-founders Larry Page and Sergey Brin, owns 84.4% of Hong Kong’s most popular bottled water producer and has a controlling stake in the vaccine producer Wantai.

Jack Ma, however, could soon regain the top spot, after Ant Group’s IPO next month.

Related Links: 
Author:
Breaking the News / TF