ZHONG SHANSHAN– Biography, Age, Family, Net-worth & Businesses
ZHONG SHANSHAN– Biography, Age, Family, Net-worth & Businesses
WHO IS ZHONG SHANSHAN?
Zhong Shanshan is a businessman, billionaire, and the richest man in China with an estimated net worth of $72 billion, according to Forbes magazine. He is also the founder and chairperson of the Nongfu Spring beverage company and the majority owner of the Beijing Wantai Biological Pharmacy Enterprise.
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ZHONG SHANSHAN– Biography, Age, Family, Net-worth & Businesses
BIOGRAPHY
Zhong was born in Hangzhou, a city in eastern China, in 1954. He dropped out of primary school during the Cultural Revolution to work in construction. In 1977, he enrolled at what is now the Zhejiang Radio & TV University and became a reporter in the 1980s.
In 1988, He moved to Hainan, an island off the coast of southern China, where he worked at a beverage company as a sales agent. He however quit to set up his own business. He sold healthcare supplements, mushrooms, prawns, and turtles before setting up a water distribution company
WIKI – BIODATA
| Full Name | Zhong Shanshan |
| Date of Birth | December 1954 |
| Gender | Male |
| Marital Status | Married |
| Career | Business Man |
| Networth | $72 Billion |
| Companies | Nongfu Spring, Beijing Wantai Biological Pharmacy Enterprise. |
| Nationality | Chinese |
CAREER
In 1996, Zhong founded a bottled water company in Hangzhou, which later became Nongfu Spring. The company grew to be the most popular bottled water and largest bottled water maker in the country, due to the fact that it stopped removing natural minerals from its water.
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Nongfu Spring’s initial public offering in September 2020 massively increased Zhong’s wealth. It expanded his fortune from 18.9 billion dollars to over 50 billion dollars. This made him the richest man in China. The Company had revenue of $4.6 Billion the following year.
In September 2020, Zhong bought a 75% stake in Beijing Wantai Biological Pharmacy, A company with a revenue of 5.8 billion yuan in 2021. Wantai went public in April 2020, which increased Zhong’s wealth and added to his fortune.
ENTREPRENEUR
At some point in the mid-1980s, Zhong established a water distribution business on the island province of Hainan, in southern China.
In 1993 he founded a health product company called Yangshengtang.
Following the success of western brands like Evian, Poland Spring and Crystal Geyser, in 1996 he founded Nongfu Spring (which translates to “Farmer Spring”). With water sourced from Zhejiang Thousand-Island Lake and its signature lucky red labels and tops, Nongfu was one of the first large-scale packaged water bottle companies founded in China.
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Nongfu marketed several brands, including Farmer’s Orchard, Scream and Oriental Leaf.
Through a combination of organic growth and acquisition, Nongfu eventually grew to be the largest water bottle producer in China, and one of the top three producers of packaged juice and tea. Today the company also makes coffee, vitamin drinks, yogurt, and rice.
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FAMILY, MARRIAGE, AND PERSONAL LIFE
Zhong Shanshan is married has three children. He has three siblings, in which his two sisters Zhong Xiaoxiao and Zhong Xuanxuan are investors in his company. His wife’s sister Lu Xiaowei and their two other siblings also have holdings at Nongfu Spring worth $400 million each.
The success story of business tycoon Zhong Shanshan is both fascinating and inspiring. And as Nongfu Spring continues to expand in the global market, it only continues to prove that water is wealth, bringing fortune to those who manage it effectively and efficiently.
Zhong Shanshan’s NET WORTH
Zhong Shanshan presently has an estimated net worth of $72 billion. Making him the richest man in China and the third in Asia. According to Bloomberg, the majority of Zhong’s fortune is derived from his 84% stake in Nongfu Spring.
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In January 2021, Forbes reported that the increasing share price of Nongfu Spring made him China’s wealthiest person and the world’s sixth wealthiest person, with a net worth of 95 billion dollars. However, he was only shortly the wealthiest Asian but was overtaken by Mukesh Ambani of India.
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