Zhong Shanshan from China is the richest man in Asia in 2020! He is also called Lone Wolf!

 Zhong Shanshan is now Asia's richest man. He has dethroned India's Mukesh Ambani and got the crown this year. He is China's bottled water king and called Lone Wolf. He is now the 11th richest man on this planet with a net worth of $77.8 billion in 2020. Know more about this private billionaire here! 

Zhong Shanshan and his career

Zhong Shanshan from China has been into multiple trades. He had tried his hands and luck in journalism, mushroom farming, and also healthcare. But his fortunes were somewhere else. Yes, he is now bottling water and earning millions. His wealth in 2020 has soared from $70.9 billion to $77.8 billion. This is one of the fastest growths of wealth in one year in history. 

Zhong Shanshan [Source: The Straits Times]

His name has figured now in international media outlets though prior to this he was rarely quoted outside China. He was little known outside China and had more of local fame. Bloomberg Billionaires Index states that Zhong is now the 11th richest man on Earth. 

More on Zhong and his interests

Asia's richest man, Zhong is 66 years old now and dabbles in politics. He is rich but unlike the other tycoons, he prefers to remain aloof.  Hence, he is called Lone Wolf locally. Besides, unlike most of the rich men in the world, he does not deal in real estate. 

Zhong Shanshan [Source: FT]

His fortunes and success come from two unrelated fields of business. He took over the reign of vaccine maker Beijing Wantai Biological Pharmacy Enterprise Co. and went public in April 2020. The shares of the company rose by 2000% since then. Besides, he owns the bottled water making company, Nongfu Spring Co. and soon it became the hottest listings in Hong Kong. The shares of this company have risen 155% since their start. 

The other business tycoons that he overtook

Last year, Mukesh Ambani from India was the richest man in Asia. But Zhong has dethroned him this year! A great feat! He is also above Jack Ma, China's multi-billionaire and Alibaba founder. Mukesh's fortunes have also risen but not as much as that of Zhong. Mukesh had struck deals this year to convert his conglomerate Reliance Industries Ltd. into a technology and e-commerce venture. His company shares have fallen and hence he was ousted from his position as the fourth-richest man on this planet. He no more holds this position. 

Jack Ma [Source: The Guardian]

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It was a great year for Zhong since his company Wantai is making the covid-19 vaccine. Nongfu has also solidified its market share this year and gained market dominance. Jack Ma could not make great wealth since tech companies have come under scrutiny from the government and he is now worth $ 51.2 billion from the previous $ 61.7 billion.