Reliance Industries Limited (RIL), the country’s largest company in terms of market capitalization, has raised more than Rs 47,000 crore in the year 2020. But industrialist Zhong Shanshan, who is called the Water King of China, has become the richest person in Asia, defeating Reliance owner Mukesh Ambani.
Total assets is $ 77.8 billion
That is, he has also defeated China’s richest man and Alibaba’s Jack Ma. Shanshan is involved in businesses such as bottled water and corona vaccine.
Worked from journalism to mushroom cultivation
Since Zhong Shanshan is a private billionaire, there has been little media discussion about him. He has done journalism, mushroom cultivation and healthcare in his life. Zhong has embraced a group of Chinese technologists, including Mukesh Ambani and Jack Ma.
Lone Wolf is famous
While the world’s economic situation has deteriorated due to the corona virus epidemic and there has been a huge loss to businessmen, on the other hand, the wealth of Zhong Shanshan has grown very fast this year, making him the richest businessman in Asia. The 66-year-old Zhong is also known as the lone wolf in China.
So increased wealth
In April, he developed the vaccine from Beijing Vantai Biological Pharmacy Enterprise Company, and a few months later became one of the most popular in Hong Kong, the Nongfu Spring Company, making bottled water. So this year his wealth grew strongly.
Jack Ma’s assets fall
Alibaba co-founder Jack Ma has lost $ 1,010 million (Rs 74,740 crore) in assets over the past two months. Ma’s assets stood at $ 6,100 million (Rs 4.51 lakh crore) at the end of October. But now his assets have come down to 5,090 million dollars (about 3.77 lakh crore rupees). He slipped to 25th in Bloomberg’s Top-500 Rich List.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.