Mukesh Ambani is no longer the richest person in Asia

Mukesh Ambani of India is no longer the richest person in Asia. He is replaced by Chong Shanshan of China, who owns $ 77.8 billion in assets.

Not many people heard the name of Chong Shanshan outside China. In fact, his wealth increased by $ 70.09 billion during 2020 itself. That is why he has been named the 11th richest man in the world in the Bloomberg Billionaire Index. Due to the rapid increase in his wealth, Chong pushed Mukesh Ambani to the second place in the list of the richest people in Asia.

ALSO READ: These Countries Have Highest Muslim Population

Called "Lone Wolf", Chong's career has gone through journalism, mushroom cultivation and pharmaceutical companies. Asia's five richest people include Chong Shanshan and Mukesh Ambani, besides Colin Huang ($ 63 billion), Pony Ma ($ 56 billion) and Jack Ma ($ 51 billion).

Born in Hongchu, Jong's school education was left in the middle. This was the period when there was chaos due to cultural revolution in China. In April 2020, the company under his control, Beijing Vantai Biological Pharmacy, was listed on the Shanghai Stock Exchange. By this alone, his wealth increased by 20 percent till August.

ALSO Read: 4 Pakistan cricketers who got married to an Indian

In addition, his company Nongfu Spring became a hit as soon as it was listed on the Hong Kong Stock Exchange in September. Since then, the company's shares have risen by 155 percent. The sealed water of the red lid bottles of Nongfu is sold in China, from small shops to expensive hotels. The company also sells tea, juice and vitamin drinks.

Also Read: These Bollywood celebrities have suffered from cancer

At the same time, 2020 proved to be a good year for Reliance Industries chief Mukesh Ambani. During this time, his wealth increased by $ 18.3 billion to 76.9 billion. But he has dropped out of the list of 10 richest people in the world. Amazon chief Jeff Bezos is the richest person in the world with $ 187 billion in assets.

Elon Musk ($ 187 billion), Bill Gates ($ 131 billion), Barna Arno ($ 110 billion) and Mark Zuckerberg ($ 105 billion) are among the top 5 rich in the world. The wealth of the world's richest people, including Amazon chief Jeff Bezos, has risen during the epidemic.

You can connect with Ground Report on Facebook, Twitter and Whatsapp, and mail us at [email protected] to send us your suggestions and writeups.