Home » The vaccine and water business made Asia’s new richest man

The vaccine and water business made Asia’s new richest man

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The list of Asia’s richest people has changed due to the business of selling vaccines and water. This has taken Zhong’s net worth to $77.8 billion from $70.9 billion earlier this year, making him richer than India’s Mukesh Ambani and China’s Jack Ma.

His net worth now stands at 877.8 billion, according to the Bloomberg Billionaires Index, making him the 11th richest man in the world.

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Known as the Lone Wolf, Zhong has pursued a variety of occupations, including journalism, mushroom farming and healthcare. Zhong launched the vaccine maker, Beijing Wantai Biological, in April and listed its shares on the Chinese stock market.

Three months later, he did the same with his water bottle company, Nongfu Spring, and listed it in Hong Kong. Since then, Nongfu Spring has become a major Hong Kong-listed company, with its share price rising 155%. Shares of Beijing Vantai Biological also rose 2,000 percent, making it one of the companies developing the Code 19 vaccine.

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According to Bloomberg, Zhong Shan’s dramatic growth has made him the richest man in Asia and one of the fastest growing in history.

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.

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Most of China’s new billionaires belong to the technology industry, but tensions between China and the United States over Huawei, TikTok and WeChat have reduced the value of shares of Chinese technology companies.

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