The richest man in China sells bottled water. Yes, Zhong Shanshan is ahead of Alibaba founder Jack Ma on the mantle. Bottled water has brought $58.7 billion in his empire: “Nongfu Spring shares jumped 54% on the first day of trading earlier this month when they were listed on the Hong Kong stock exchange.” Who says a pure water manufacturer in Nigeria cannot ride to the mountaintop? Now, you know those to respect when you see them….Besides coding, there are many ways to ride higher.
The richest person in China is a bottled water tycoon, knocking Alibaba founder Jack Ma from his mantle. Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on China’s Eastern coast. The Bloomberg Billionaires Index now puts Mr Shanshan in top spot with wealth of $58.7bn (£46.2bn).
Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on China’s Eastern coast.
The Bloomberg Billionaires Index now puts Mr Shanshan in top spot with wealth of $58.7bn (£46.2bn).
The recent stock market listing of his bottled water firm and a controlling stake in a vaccine maker have helped boost his fortunes.
Nicknamed the “Lone Wolf”, Mr Zhong is now Asia’s second-richest person behind India’s Mukesh Ambani, the billionaire behind Reliance Industries.
Before everyone here gets excited about selling “pure water” you should know something. Rising incomes and fear of tap water is what’s driving bottled water consumption in China. Moreover, Nongfu Spring has a 30 year permit to extract water from 10 of China’s most famous unspoilt body of water and is also affiliated with the CCP. As Prof Ndubuisi will say the company has a moat against competition or in Naija lingo, “Zhong get government connect”.
My Response: Please pure water business in Nigeria is very complicated indeed!