{"id":187,"date":"2023-04-01T08:25:00","date_gmt":"2023-04-01T08:25:00","guid":{"rendered":"https:\/\/ceoww.com\/?p=187"},"modified":"2023-05-01T23:42:21","modified_gmt":"2023-05-01T23:42:21","slug":"zhong-shanshan","status":"publish","type":"post","link":"https:\/\/ceoww.com\/zhong-shanshan","title":{"rendered":"Zhong Shanshan: from bottling waters to billionaire"},"content":{"rendered":"\n<p>Zhong Shanshan, the Chinese billionaire and founder of Nongfu Spring and YST Holdings, has been named the richest Chinese billionaire. With a net worth of $63 bilion billion USD, he has surpassed Mukesh Ambani and Gautam Adani, who are second and third on the list, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.businesstoday.in\/latest\/corporate\/story\/who-is-zhong-shanshan-the-chinese-in-rich-list-race-with-adani-ambani-296663-2021-05-21\" data-type=\"URL\" data-id=\"https:\/\/www.businesstoday.in\/latest\/corporate\/story\/who-is-zhong-shanshan-the-chinese-in-rich-list-race-with-adani-ambani-296663-2021-05-21\" target=\"_blank\">respectively<\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceoww.com\/zhong-shanshan\/#How_he_started\" title=\"How he started\">How he started<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceoww.com\/zhong-shanshan\/#Companies\" title=\"Companies\">Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceoww.com\/zhong-shanshan\/#Net_worth\" title=\"Net worth\">Net worth<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_he_started\"><\/span>How he started<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Zhong, who is 67 years old, made his fortune through his bottled water company, Nongfu Spring, which he founded in 1996. The company went public in September 2020, and its shares surged over 150% on the first day of trading. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Companies\"><\/span>Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Zhong&#8217;s other major holding is YST Holdings, which has stakes in multiple Chinese companies including Beijing Wantai Biological Pharmacy Enterprise and Hirun Technology. YST Holdings&#8217; portfolio includes businesses ranging from healthcare to real estate and has grown rapidly in recent years.<\/p>\n\n\n\n<p>Despite his immense wealth, Zhong is known for his low-key lifestyle and shunning the public eye. He rarely gives interviews and has no social media presence. He is said to lead a simple life and is a devout Buddhist. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Net_worth\"><\/span>Net worth<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to <a rel=\"noreferrer noopener\" href=\"https:\/\/www.businessinsider.com\/asias-richest-man-zhong-shanshan-lifestyle-wealth-2021-1?op=1&amp;r=US&amp;IR=T\" data-type=\"URL\" data-id=\"https:\/\/www.businessinsider.com\/asias-richest-man-zhong-shanshan-lifestyle-wealth-2021-1?op=1&amp;r=US&amp;IR=T\" target=\"_blank\">Forbes<\/a>, Zhong&#8217;s fortune grew by $70.9 billion USD in 2020, which is the second-largest wealth gain in history, behind only Elon Musk.<\/p>\n\n\n\n<p>Zhong&#8217;s rise to the top of the Forbes World&#8217;s Billionaires List is impressive given his humble beginnings. He dropped out of elementary school and worked as a construction worker, a newspaper delivery boy, and a factory worker before starting his own business. <\/p>\n\n\n\n<p>He is now one of the most successful entrepreneurs in China, and his wealth is likely to continue growing as Nongfu Spring and YST Holdings expand their businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get to know China&#8217;s richest businessman, Zhong Shanshan. <\/p>\n","protected":false},"author":11,"featured_media":189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111],"tags":[35,52],"_links":{"self":[{"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/posts\/187"}],"collection":[{"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/comments?post=187"}],"version-history":[{"count":0,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/posts\/187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/media\/189"}],"wp:attachment":[{"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/media?parent=187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/categories?post=187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceoww.com\/wp-json\/wp\/v2\/tags?post=187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}