Tuesday, June 28, 2022
Home Business Chinese Billionaire Who Overtook Ambani Now Richer Than Warren Buffett

Chinese Billionaire Who Overtook Ambani Now Richer Than Warren Buffett

- Advertisement -

Beijing: Zhong Shanshan is setting new wealth records. The chairman of Nongfu Spring Co., a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion since the start of the year to $91.7 billion on Tuesday, according to the Bloomberg Billionaires Index.
The 66-year-old, is now the sixth-wealthiest person on the planet. Nongfu shares jumped 18% in the first two trading days of 2021, taking the advance since their September listing to more than 200%. They gained 0.7% on Wednesday.
It’s only the second time a Chinese national has broken into the world’s Top 10 — property tycoon Wang Jianlin hit No. 8 in 2015 — and no one from the mainland has ever ranked this high on Bloomberg’s wealth index since it launched in 2012.
Nicknamed locally as the “Lone Wolf” for avoiding involvement in clubby business groups or politics, Zhong also took vaccine maker Beijing Wantai Biological Pharmacy Enterprise Co. public in April. The stock has soared more than 2,800%.
Zhong dethroned India’s Mukesh Ambani as Asia’s wealthiest person last week and is close to entering the rarefied realm of individuals worth more than $100 billion.

- Advertisement -
- Advertisement -
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read

Supreme Court Issues Notices To Sena Rebels

Mumbai: Maharashtra Deputy Speaker Narhari Zirwal, Chief Whip Sunil Prabhu and leader of Legislature party Anil Chaudhary were issued notices by the Supreme Court...
- Advertisement -

Maharashtra: Rebels Take Shiv Sena To Supreme Court

New Delhi: Maharashtra’s political slugfest has now reached the Supreme Court with rebel legislator Eknath Shinde challenging the Shiv Sena’s decision to disqualify him...

Sharad Pawar Calls On Uddhav Thackeray

New Delhi: Nationalist Congress Party (NCP) supremo Sharad Pawar called on Maharashtra Chief Minister Uddhav Thackeray at his residence as another Shiv Sena MLA...

Maharashtra: Uddhav Thackeray Ready To Step Down As CM

Mumbai: The ruling allies of Uddhav Thackeray in Maharashtra — Congress and Sharad Pawar — have suggested that rebel Eknath Shinde be made the...
Related News

Supreme Court Issues Notices To Sena Rebels

Mumbai: Maharashtra Deputy Speaker Narhari Zirwal, Chief Whip Sunil Prabhu and leader of Legislature party Anil Chaudhary were issued notices by the Supreme Court...

Maharashtra: Rebels Take Shiv Sena To Supreme Court

New Delhi: Maharashtra’s political slugfest has now reached the Supreme Court with rebel legislator Eknath Shinde challenging the Shiv Sena’s decision to disqualify him...

Sharad Pawar Calls On Uddhav Thackeray

New Delhi: Nationalist Congress Party (NCP) supremo Sharad Pawar called on Maharashtra Chief Minister Uddhav Thackeray at his residence as another Shiv Sena MLA...

Maharashtra: Uddhav Thackeray Ready To Step Down As CM

Mumbai: The ruling allies of Uddhav Thackeray in Maharashtra — Congress and Sharad Pawar — have suggested that rebel Eknath Shinde be made the...

New Crisis For Uddhav Thackeray-Led Maharashtra Govt

Mumbai: Maharashtra Chief Minister Uddhav Thackeray, who has been unsettled following a rebellion in the party, had a 10-minute telephonic conversation with rebel minister...
- Advertisement -

126 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here