Zhong Shanshan’s Profile, Net Worth | Salary | Family
What is Zhong Shanshan’s net worth?
Zhong Shanshan is a Chinese businessman and entrepreneur with a net worth of $71.4 Billion. Zhong made his fortune through the Chinese bottled water company Nongfu Spring and the Beijing Wantai Biological Pharmacy. He owns 85 percent of Nongfu and 75 percent of Wantai,
In 1954, Zhong Shanshan was born in Hangzhou, China. He dropped out of school at the age of 12 and worked as a construction worker, beverage salesman, mushroom farmer, and news reporter before becoming wealthy.
Zhong Shanshan’s Profile, Net Worth | Salary | Family
|Net Worth:||$71.4 Billion|
|Country of Origin:||China|
|Source of Wealth:||Entrepreneur|
Zhong Shanshan was born in 1954 in Hangzhou. He dropped out of elementary school and went to work in the construction industry. He enrolled at Zhejiang Radio & TV University in 1977 to study Chinese. He worked as a reporter for the Zhejiang Daily.
He relocated to Hainan, a southern Chinese island, in 1988. He began selling mushrooms, prawns, and turtles during his time there. He then went on to work at the Wahaha beverage company as a sales agent.
Zhong’s net worth skyrocketed in 2020 after both of his companies went public on the Hong Kong and Shanghai stock exchanges. Wealth-tracking websites, including CelebrityNetWorth, did not even list him as a billionaire in 2018 or 2019. His net worth was $16 billion as of July 2020. By December 2020, his net worth had risen to $70 billion, putting him among the world’s top 20 and making him the richest person in China, surpassing Alibaba’s Jack Ma (who previously held the title with a net worth of $58 billion).
When his net worth surpassed $80 billion, he surpassed Mukesh Ambani’s fortune of $78 billion to become Asia’s richest person. Zhong’s net worth had surpassed $90 billion by early January 2021 according to celebrity net worth. At the time, he was the world’s sixth-richest person, trailing only Mark Zuckerberg, Bernard Arnault, Bill Gates, Jeff Bezos, and Elon Musk.
In 1996, Zhong Shanshan founded the bottled water company Nongfu Spring. Today, the company is China’s largest packaged water manufacturer. Nongfu Spring made $3.4 billion in revenue in 2019. It also produces tea and other beverages and has one of the largest product distribution networks in the country.
He also owns and leads the pharmaceutical company Wantai. Wantai, like Nongfu, will be listed on the Hong Kong stock exchange in 2020. Wantai will release a nasal spray COVID-19 vaccine in 2020, in addition to hepatitis E test kits. Wantai shares increased 2,000% in the aftermath of the COVID disaster.
How did Zhong Shanshan come to be so wealthy?
Before starting his bottled water business, Shanshan reportedly tried his hand at growing mushrooms, starting a private newspaper, and selling curtains. Shanshan went on to found Nongfu Spring in 1996, and he still owns 84% of the company.
Shanshan established Nongfu Spring, a bottled water company, in Hangzhou in 1996. Nongfu Spring eventually stopped removing natural minerals from its water. It was popular in China, where distilled water was the norm then.
The company grew to become China’s largest bottled water manufacturer under Shanshan’s leadership. It is also one of the world’s largest beverage corporations. Coca-Cola, Watsons, and Pepsi were all defeated. He used new technologies like cloud computing and big data to gain a competitive advantage in understanding Nongfu Spring’s customer base.
In 2012, Nongfu Springs’s natural bottled water became the most popular in the country. Nongfu Spring was the number one seller of packed beverages in China at the start of 2012. It reigned supreme for eight years.
Zong’s wealth increased dramatically following the company’s initial public offering in 2020. It increased his fortune from 18.9 billion to more than 50 billion dollars. According to Bloomberg and Forbes, this made Shanshan China’s wealthiest or second-wealthiest person.
Forbes will name him Asia’s wealthiest person at the end of 2020. According to Forbes, Nongfu Spring’s rising share price has made him China’s wealthiest person and the world’s sixth wealthiest person.
His rise coincided with a wave of wealth in China. By September 2020, he would own 75% of Beijing Wantai Biological Pharmacy. Wantai plans to go public in 2020. He owned 84.4 percent of Nongfu Spring and served as its chairman in January of the following year.
Zhong Shanshan’s net worth is estimated to be around $71.4 billion today.
Zhong Shanshan’s Spending Habits
Shanshan keeps a low public profile and has been referred to by Chinese media as a “lone wolf.”
The Residence of Zhong Shanshan
Shanshan lives in a lovely apartment in Hangzhou’s Xihu district, near the city’s picturesque West Lake.
Here are a few of Shong Shanshan’s career highlights:
- Founder and chairperson of the Nongfu Spring
- Controls Beijing Wantai Biological Pharmacy
Zhong Shanshan’s Life Advice
Now that you’ve learned everything there is to know about Zhong Shanshan’s net worth and how he achieved success, let’s look at some of the lessons we can take from him:
- Mistakes: Making errors is a normal part of being human. Recognize your errors for what they are: valuable life lessons that can only be learned the hard way.
- Fear: Fear is a poor teacher. Fear’s lessons are quickly forgotten. Do what you are afraid of doing and keep doing it… that is the quickest and surest way to overcome fear that has yet to be discovered.
- A Helpful Hint: A hungry stomach, an empty wallet, and a broken heart teach you some of life’s most important lessons.
Zhong Shanshan is a businessman and entrepreneur from China. Shanshan made his fortune through Nongfu Spring, a Chinese bottled water company, and the Beijing Wantai Biological Pharmacy. He controls 85% of Nongfu and 75% of Wantai. Shanshan was born in China’s Hangzhou. He dropped out of school at the age of 12 and worked as a construction worker, news reporter, and mushroom farmer before becoming wealthy.
Zhong Shanshan’s net worth is estimated to be $71.4 billion as of today.
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