Zhong Shanshan, the founder of Nongfu Spring, has recently become the second-richest person in China, with a net worth of approximately $77 billion biooverview. Behind this meteoric rise to wealth are the companies that he owns or has founded. Nongfu Spring is of course the largest contributor to Zhong Shanshan’s fortune. Founded in 1996, the beverage company quickly rose to prominence, becoming the leading bottled water brand in China by
1. Nongfu Spring has since expanded its product offerings to include tea, juice, and other drinks. The company went public in 2020 and is now listed on the Shanghai and Hong Kong stock exchanges. Zhong Shanshan also owns a majority stake in the vaccine producer Beijing Wantai Biological Pharmacy Enterprise Co., Ltd. Wantai produces vaccines for hepatitis B, rabies, and other infectious diseases, and its products are used by both the Chinese government and other international organizations. In addition, the company is involved in the development of a COVID-19 vaccine. In addition to these two companies, Zhong Shanshan is also the founder of the health supplement company Hangzhou Yangshengtang Pharmaceutical Co. The company produces a variety of traditional Chinese medicine supplements, many of which are sold in Nongfu Spring stores. Finally, Zhong Shanshan recently acquired a stake in the Chinese social media giant Tencent. Tencent is the owner of popular messaging app WeChat, and its games and other services have made it one of the most valuable companies in the world. Zhong Shanshan’s fortune is built on the success of these four companies, which are all now major players in their respective industries. His success is a testament to his business acumen and entrepreneurial scoopkeeda.
