Zhong Shanshan has become Asias richest man thanks to his vaccine manufacturer and his bottled water company.
Jhong’s fortune rose by 7 billion (5.1 pounds) this year, surpassing that of Mukesh Ambani in India and that of Jack Ma in China.
Jhong has a fortune of $ 77.8 billion, and is ranked 11th in the list of the world’s richest people, according to the US Bloomberg Billionaires Index.
Jhong, who has been dubbed the “lone wolf,” includes journalism, mushroom cultivation and healthcare.
And last April, Jhong listed the shares of “Pidgin Antiological Biological” company on the Chinese stock market.
Three months later, Nongfu Spring Water Bottling Company was listed on the Hong Kong Stock Exchange.
At the time, he surpassed the founder of Alibaba, Jack Ma, who was once the richest man in China and Asia.
Since that time, this company has become one of the most successful companies on the stock exchange, as its shares have risen by 155% compared to their inception.
Shares of “Bijin Antbiological” rose more than 2,000 percent, which is one of the companies developing a vaccine for the Covid-19 epidemic.
This dramatic rise in the wealth of the Jhong has led him to occupy the first place in Asia, and he is one of the most wealthy people in history.
The rich are getting richer
The fortunes of many of the world’s richest have risen during the outbreak, including Amazon founder Jeff Bezos.
In India, Ambani’s fortune jumped from $ 18.3 billion to $ 76.9 billion when he concluded deals with other parties, to make his giant group “Railways Industries” a huge company involved in technology and e-commerce.
And earlier this year, Facebook said it was currently investing $ 5.7 in Indias low-priced mobile internet company Reliance Geo, which Ambani owns.
However, Jack Mas fortune fell to $ 51.2 billion in October from $ 61.7 billion as the Alibaba empire faced increasing scrutiny by Chinese regulators.
The Chinese authorities are currently investigating Alibaba over allegations of monopolistic behavior, while its subsidiary “Ant Group” was banned from listing its shares on the stock exchange in November.
Most of Chinas new billionaires come from the tech industry. But increasing tensions between China and the United States over Huawei, TikTok and WeChat have also led to a drop in the market value of technology companies on the exchange.