Zhong Shanshan – Businessman, Nongfu Spring & Wantai

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Zhong Shanshan Biography By oyestory

Who is Zhong Shanshan?

Zhong Shanshan is a Chinese business tycoon.
He is the founder and chairman of Nongfu Spring and the primary owner of Beijing Wantai Biological Pharmacy Enterprise. With a net worth of $63 billion as of 2022, he is the richest Chinese national. His major source of income is drinks and medications.

Zhong Shanshan

AN INTRODUCTION

Name

Zhong Shanshan

Date of Birth 

December 1954, Day not Clear

Birth Place

Hangzhou, China

Age

67–68 Years old (2022)

Nationality

Chinese

Profession

Businessman

Known for

Founder, Nongfu Spring, Owner, Wantai

Children

3

Networth

$70.8 B

Early Life

Shanshan was born in 1954 in Hangzhou. During the Cultural Revolution, he dropped out of middle school and started employment in construction. He entered what is now Zhejiang Radio & TV University to study Chinese in 1977. Zhong worked as a writer for the Zhejiang Daily before going into business in 1988. Zhong relocated to Hainan, an island off the coast of southern China, in 1988. During his stay on the island, he sold mushrooms, shrimp, and turtles. He subsequently moved on to work as a sales representative for the Wahaha beverage business, where he marketed healthcare supplements.

Shanshan Career

Zhong established a bottled water business in Hangzhou in 1996, which soon became Nongfu Spring. Nongfu Spring quit extracting natural minerals from its water in 1999. This was a smart marketing approach that helped them get more exposure to their target demographic. Despite widespread concern about its health advantages, or lack thereof, it was popular in China, where distilled water was the standard at the time. Under Zhong’s leadership, the firm expanded to become the biggest bottled water manufacturer in China, as well as one of the world’s largest beverage corporations. To become the best-selling package beverage brand, the company defeated industry behemoths such as Coca-Cola, Watsons, and Pepsi.

Zhong used modern technologies like cloud computing and big data to acquire a significant edge in knowing Nongfu Spring’s consumer base. This could spur market growth throughout the nation, transforming this once humble corporation into a giant of epic proportions. According to Nielsen research data, Nongfu Springs natural water was the most popular bottled water in the nation in 2012. Nongfu Spring was the number one seller of bottled drinks in China beginning in 2012. It held this position for eight years in a row.

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The initial public offering of Nongfu Spring in September 2020 significantly enhanced Zhong’s fortune. It increased his wealth from 18.9 billion to more than 50 billion. According to Bloomberg and Forbes, this made him China’s richest or second-wealthiest person. According to Forbes, Zhong will be Asia’s richest person by the end of 2020. In January 2021, Forbes claimed that Nongfu Spring’s increasing share price had made him China’s richest person and the world’s sixth wealthiest person, with a net worth of 95 billion dollars. However, he was only the richest Asian for a brief time until being surpassed by Mukesh Ambani of India. His ascension coincided with a wealth wave in China when over 100 billionaires were minted in 2020, contributing 0.5 trillion dollars to their aggregate worth.

However, he has lost over $30 billion in US currency and ranks third among Asia’s richest behind Ambani and Gautam Adani, both of whom are Indians. Beijing Zhong will acquire 75% of Beijing Wantai Biological Pharmacy by September 2020. Wantai went public in April 2020, which enhanced Zhong’s riches and wealth. He was the chairman of Nongfu Spring and controlled 84.4% of the organization as of January 2021.

Personal life

Shanshan has a low public presence and has been referred to as a “lone wolf” by the Chinese media. He bought an apartment in Hangzhou’s Xihu District, where he now largely lives. The headquarters of Nongfu Spring is situated in the Xihu district, which is known for its closeness to the city’s gorgeous West Lake. Zhong is married to Lu Xiaoping, and the couple has three children.

FAQs:

Q. What is Zhong shanshan’s Net worth?
Ans. $70.8 B$70.8 B

Q. Who is zhong shanshan’s wife?
Ans. Lu Xiaoping.

Q. What is zhong shanshan company name?
Ans. Nongfu Spring beverage company.

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