Another Shock for Ambani – Zhong Shanshan becomes Asia’s Richest Man

Reliance Industries Limited (RIL) is India’s largest company in terms of market capitalization. The company raised more than Rs 47,000 crore in the year 2020. However, Mukesh Ambani is no longer Asia’s richest person. Chinese industrialist Zhong Shanshan has taken over Ambani to become the richest person in Asia. Shanshan is also called the Water King of China.

Zhong Shanshan’s total assets increased from $ 70.9 billion to $ 77.8 billion this year. He also took over China’s richest man and Alibaba’s Jack Ma. Shanshan’s businesses include bottled water and corona vaccine.

Since Zhong Shanshan is a very private person, there has been very little media discussion about him. He has done journalism, mushroom cultivation and worked in healthcare. Zhong has recently joined a group of Chinese technologists. The group also has Mukesh Ambani and Jack Ma as its members.

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The world’s economic situation has deteriorated due to the corona virus pandemic. Businessmen have suffered huge losses. However, the wealth of Zhong Shanshan has grown very fast this year, making him the richest businessman in Asia. The 66-year-old Zhong is also known as the lone wolf in China.

In April, his company, Beijing Vantai Biological Pharmacy Enterprise developed COVID Vaccine. And in a few months, his Nongfu Spring Company became popular in Hong Kong for manufacturing bottled water. Because of this, his wealth grew strongly this year.

Alibaba co-founder Jack Ma has lost $ 1,010 million (Rs 74,740 crore) in assets over the past two months. Ma’s assets stood at $ 6,100 million (Rs 4.51 lakh crore) at the end of October. But now his assets have come down to 5,090 million dollars (about 3.77 lakh crore rupees). He slipped to 25th in Bloomberg’s Top-500 Rich List.