Zhong Shanshan, the chairman of Nongfu Spring Firm, attends the Nongfu Spring new product launch convention on February 1, 2015 in Baishan, Jilin P
Zhong Shanshan, the chairman of Nongfu Spring Firm, attends the Nongfu Spring new product launch convention on February 1, 2015 in Baishan, Jilin Province of China.
Jiang Xin | VCG | Getty Pictures
BEIJING — Regular positive factors within the public choices of two Chinese language shares this yr have vaulted their controlling stakeholder to the highest of China’s wealthy checklist.
As of Thursday, Nongfu Spring founder Zhong Shanshan had a paper web price of $57.2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma, whose respective holdings had been price $56.three billion and $50.Four billion, in accordance with Forbes.
The paper positive factors additionally imply China’s wealthiest man now ranks 17th on the earth, slightly below Google co-founders Larry Web page and Sergey Brin, in accordance with Forbes’ real-time billionaire checklist.
Zhong owns 84.4% of the bottled water big, which is up roughly 77% from its public providing on Sept. eight in Hong Kong, when the corporate raised about $1.1 billion in one of many largest public choices for the trade up to now this yr.
Zhong additionally holds a controlling stake in Wantai Organic, a pharmaceutical agency that claims to be among the many a number of Chinese language firms creating a vaccine for Covid-19. Wantai is up greater than 2,000% since its public providing on the Shanghai Inventory Alternate in April.