The Richest Man in China Makes Bottled Water – Now, Respect Naija’s Pure Water Maker

The Richest Man in China Makes Bottled Water – Now, Respect Naija’s Pure Water Maker

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.

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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!

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2 thoughts on “The Richest Man in China Makes Bottled Water – Now, Respect Naija’s Pure Water Maker

  1. Water is a big business, even in Nigeria here. The only problem is that we don’t know how to organise things or account for economic activities; and the dislocations continue.
    Who has a clue on the aggregate value of bottled and sachet water sold and consumed daily in Nigeria? Some retailers sell off truckload within three days, Nigeria doesn’t have a handle on what her citizens do, forget the noise.

    More than ninety percent of households in Nigerian cities buy drinking water, even on traffic alone, do you know the worth of water sold everyday? The challenge with having too many small scale businesses is that it makes it difficult for the government to get anything, while the citizens keep feeling that the government has abandoned them; so none of the parties seems to be happy anyway.

    Once we properly organise and categorise our production and services industries, we will begin to assert our true weight in number of sectors.

    Who kept track of the economic value of nose masks locally produced and sold here? We know nothing!

    Soon, the people running betting and lottery companies will all join the billionaires club, and we are still looking for what is wrong with us. Just a dose of sense, and many things will blossom here.

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