Business
Nongfu Spring Co chairman Zhong Shanshan, China’s bottled water king, is now richer than Warren Buffett – The Australian Financial Review
Nongfu Spring Co chairman Zhong ‘Lone Wolf’ Shanshan’s fortune has surged $US13.5 billion to $US91.7 billion since the start of the year.
Zhong dethroned India’s Mukesh Ambani as Asia’s wealthiest person last week and is close to entering the rarefied realm of individuals worth more than $US100 billion. Buffett is outside that group with an $US86.2 billion fortune, but the Berkshire Hathway founder has given away more than $US37 billion of stock since 2006.
Investors are snapping up Chinese consumer shares as the country demonstrates it’s recovering from COVID, while analysts have grown increasingly bullish on Nongfu.
Zhong has also…
-
Noosa News24 hours agoCarina Leagues Club unveils $25m Wynnum waterfront plan with new restaurants and bars
-
Noosa News23 hours agoChristmas Day weather: Extended forecast predicts sun for Perth, Adelaide with showers clearing in Sydney and Melbourne
-
General8 hours agoFriends of Belgian tourist Celine Cremer missing near Tasmanian waterfall walk renew search
-
Noosa News23 hours agoFatal hit-run case in court