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The man who changed course by selling water in China, then expanded his business and became Asia’s richest man: Zhong Shanshan

  • November 23, 2023
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Founder of the company Nongfu Spring Zhong Shanshanhas achieved great success in China by producing natural mineral water. Although his rise was fueled by water bottles, he also

The man who changed course by selling water in China, then expanded his business and became Asia’s richest man: Zhong Shanshan

Founder of the company Nongfu Spring Zhong Shanshanhas achieved great success in China by producing natural mineral water. Although his rise was fueled by water bottles, he also built an impressive presence in the pharmaceutical industry, becoming the richest businessman in China and Asia.

What then is this great success? How did the story behind it evolve here?

Zhong Shanshan was born in 1954 in Zhejiang Province, China.

zhong shanshan

His family at a young age faced with financial problems Contrary to popular belief, Zhong did not continue his university education and started working. The successful entrepreneur, who started his first business experiences as a construction worker and journalist, shaped his career by working in different sectors.

Gaining experience in many sectors was the only thing that paved the way for him. Because the one who will make his name known In 1996, he founded the Nongfu Spring company After many experiences Founded.

This company deals with natural mineral water products. There was high demand on the Chinese market. Zhong managed to turn Nongfu Spring into a successful brand with his entrepreneurial skills and business strategies.

Of course, not only has he been successful in Nongfu Spring, but as the owner of pharmaceutical giant Wantai, he now runs China’s largest beverage and pharmaceutical companies.

nongfu spring

during the past years with an impressive increase in prosperity It is notable that Shanshan became Asia’s richest person in December 2020. The businessman, whose fortune rose by $7 billion in 2020, left Alibaba’s founder Jack Ma and Indian petrochemical emperor Mukesh Ambani on the list. In the production of Nongfu Spring, advertising and marketing are based on natural products.

“We do not produce water, we are carriers of nature.” The slogan, which means (我们不生产水,我们只是大自然的搬运工), won the hearts and trust of consumers.

According to the Bloomberg Billionaires Index, “lone wolf” Nicknamed Shanshan, his current fortune stands at $64.5 billion. The fact that the 68-year-old billionaire also owns companies active in the media, agriculture and various healthcare sectors is undoubtedly one of the factors that brings him to prominence.

As the founder of Beijing Wantai Biological Pharmacy, he is active in the field of biological products and vaccines.

Beijing wantai

Zhong Shanshan, in the context of COVID-19 that broke out in April of the same year in 2020. vaccine maker Beijing Wantai Biological It went public and with this move its shares in the Chinese stock market saw a significant increase.

Although the company attracted attention for being one of the institutions developing COVID-19 vaccines, its shares peaked by rising more than two thousand percent in value during those years. Performing his movements at the right time, We wouldn’t be wrong if we say that he made it to his current wealth.

Three months after the success of the vaccine company, the water company that made him rich Nongfu Spring also offered it to the public. This move caused the company’s shares to gain more than 155 percent in value.

Only an effective sales strategy and the right timing of the businessman, who managed to attract attention with this move, were enough to make him the richest man in Asia. He currently ranks sixth on the list of the richest people in the world.

Shanshan, 68 years oldstill maintains his influence on a global scale and continues to show strong leadership in the business world, while his versatile personality does not remove him from the top.

Sources: Think China, Financial Express, Business Today

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