China's Millionaires: Who Are They and How Much Money Do They Have?
Zhong Shanshan and other Chinese millionaires, such as Huang Zheng, Ma Huateng, and Zhang Yiming, reflect the diversification of wealth.
In January 2024, the ranking of China’s wealthiest billionaires placed Zhong Shanshan, founder of Nongfu Spring and pharmaceutical group YST, as the richest man in China, with an estimated fortune of $63 billion.
Known as the “Bottled Water King”
Zhong built his empire around one of the most recognized brands in the country, and his wealth places him at the top of China’s magnates, above tech figures like the founders of Tencent and ByteDance.
His career represents a unique phenomenon among China’s elite: unlike other billionaires linked to the internet or construction, Zhong consolidated his wealth in more traditional sectors like water and health, but with modern positioning and distribution strategies.
Author's summary: Chinese millionaires' wealth diversifies.
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