Zhong Shanshan, Chairman of Nongfu Spring Company, attends Nongfu Spring New Product Introduction Conference in Baishan, Jilin Province, China on February 1, 2015.
Jiang Xin | VCG | Getty Images
BEIJING – Steady increases in public offerings of two Chinese stocks this year have put their controlling stakeholder at the top of China̵
As of Thursday, Nongfu Spring founder Zhong Shanshan had a net worth of $ 57.2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma, whose respective stakes are $ 56.3 billion, according to Forbes Dollars and $ 50.4 billion.
The paper wins also mean China’s richest man is ranked 17th in the world on Forbes’ real-time billionaires list, just below Google co-founders Larry Page and Sergey Brin.
Zhong owns 84.4% of the bottled water giant, up around 77% from its public offering in Hong Kong on September 8, when the company made around $ 1.1 billion in one of the largest public offerings on the stock exchange this year collected.
Zhong also holds a controlling interest in Wantai Biological, a pharmaceutical company that claims to be among several Chinese companies developing a vaccine against Covid-19. Wantai has risen more than 2,000% since it went public on the Shanghai Stock Exchange in April.