Gallon Water Skipper Shifts Jack Ma to Become China’s Richest Man

Jakarta –

The list of the richest people in China has been updated. Now, Jack Ma, founder of the Alibaba Group is no longer the richest person in China. The title is now being won by Zhong Shanshan, a bottled and gallon water tycoon in the Bamboo Curtain country.

Reporting from the Bloomberg Billionaire Index, Thursday (9/24/2020), Zhong’s total wealth reached US $ 58.7 billion or around Rp.876 trillion (exchange rate Rp.14,926). Meanwhile, Jack Ma’s wealth is US $ 2 billion lower than Zhong, amounting to US $ 56.7 billion or around Rp.846 trillion to be exact.

Zhong is listed as the second richest person in Asia after Mukesh Ambani, and the 17th richest person in the world on the Bloomberg list.

Zhong’s wealth comes from his company, which is with Nongfu Spring, which sells bottled water. His company controls a quarter of the bottled water market in China.

Apart from that, he is also the largest shareholder of a pharmaceutical company called Beijing Wantai Biological Pharmacy. The company is developing a Corona virus vaccine (COVID-19) which will be injected with a nasal spray device. The vaccine was developed in collaboration with Xiamen University and Hong Kong University.

Zhong’s net worth has soared to US $ 51.9 billion or around Rp. 774 trillion during 2020. The increase in his net worth beat Jeff Bezos and Elon Musk, and other digital elites who are bleeding because of the decline in stock value.

Although Zhong has surpassed Jack Ma, the Alibaba founder is predicted to return to the position of the richest man in China in the near future. The reason is, Alibaba will go public in the United States (US) Ant Group IPO next month. Alibaba’s stock value is estimated at US $ 28 billion or around Rp 418 trillion if the company’s valuation reaches US $ 250 billion or around Rp 3,732 trillion.

(fdl / fdl)

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