Chairman Zhong Sansan of Nongfu Spring Surpasses Buffett in Wealth... 6th Richest in the World

Jungsan-san Nongpusanchuan Chairman

[Asia Economy Reporter Lee Chun-hee] Zhong Shanshan, founder of Chinese bottled water company Nongfu Spring, has surpassed Warren Buffett, chairman of Berkshire Hathaway, known as the "Oracle of Omaha," in wealth.

According to a Bloomberg report on the 6th, Zhong's wealth increased to $91.7 billion (99.5128 trillion KRW) as Nongfu Spring's stock price surged 18% over the first two trading days of the year. His wealth has grown by $13.5 billion (14.6502 trillion KRW) just this year.

Thanks to this increase in wealth, Zhong currently ranks 6th on the Bloomberg Billionaires Index, one spot above Buffett, who has $86.2 billion (93.5701 trillion KRW) in assets.

Since the Bloomberg billionaire rankings began in 2012, Zhong holds the highest rank ever achieved by a Chinese national. This is only the second time a Chinese national has been in the top 10 of the Bloomberg billionaire rankings, the first being Wang Jianlin, chairman of Wanda Group, who ranked 8th in 2015.

Zhong Shanshan's wealth also surpassed Mukesh Ambani of Reliance Industries, India's largest conglomerate, last week, making him the richest person in Asia.

The top spot on the Bloomberg Billionaires Index is held by Jeff Bezos, CEO of Amazon, with $188 billion (204.262 trillion KRW) in wealth. However, Amazon's stock has fallen 1.35% this year, reducing his wealth by $2.07 billion (2.249 trillion KRW) so far. Elon Musk, CEO of Tesla, ranks second, and Bill Gates, co-founder of Microsoft (MS), ranks third.

This content was produced with the assistance of AI translation services.