Bottled Water seller emerges China’s richest man

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The richest man in China is now a bottled water business man, Pushing Alibaba founder of Jack Ma away from the position.

Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on China’s Eastern coast.

The Billionaires Index now puts Mr. Shanshan in top seat with wealth of $58.7billion

The recent stock market listing of his bottled water firm and a controlling stake in a vaccine maker have helped boost his fortunes.

Popularly called the “Lone Wolf”, Mr. Zhong is now Asia’s second-richest man behind India’s Mukesh Ambani, the money-bag behind Reliance Industries.

Mr. Zhong now ranks 17th overall on the list of the world’s top 500 richest people.

China’s food and grocery sector is now competing with its IT industry in producing the country’s richest business people.

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