Friday, April 23, 2021
Martin Hennecke

Bottled water tycoon is Asia's richest
Zhong Shanshan, the journalist-turned founder of mainland bottled water giant Nongfu Spring (9633) is now the richest man in Asia with a net worth of US$85 billion (HK$663 billion), according to the Hurun Global Rich List 2021. The list ranked 3228 billionaires from 2402 companies and 68 countries. Wealth calculations are a snapshot of January 15, 2021. Zhong also places seventh among the billionaires worldwide. As for the ranking in Greater China, last year's number one, Alibaba (9988) co-founder Jack Ma Yun, dropped out of the top three for the first time in three years, after China's regulators reined in Ant Group and Alibaba on anti-trust issues. Meanwhile, Elon Musk of Tesla became the richest man in the world for the first time, with a wealth of US$197 billion.
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