Zhong Shanshan, the founder of Nongfu Spring, has overtaken Jack Ma to become China’s wealthiest person

Tthe founder of the famous Chinese bottled water company Nongfu Spring, Zhong Shanshan, has surpassed Alibaba founder Jack Ma to turn into the nation’s wealthiest individual as per the Bloomberg’s list of billionaires.

Zhong was previously China’s third most wealthiest individual after his organization went public not long ago with a record-breaking listing in Hong Kong. As of Wednesday, his assessed net worth had reached $58.7 billion, outperforming Ma’s $56.7 billion.

Zhong’s new status additionally puts him in front of Pony Ma, who established Tencent. Not at all like Jack Ma and Pony Ma, Zhong isn’t a tech business person. Outside of his stake in Nongfu Spring, he is the chairman of a vaccine producer, Beijing Wantai Biological Pharmacy. That organization went public in Shanghai this year, which additionally helped increase Zhong’s net worth.