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Zhong Shanshan, a bottled-water tycoon, ousts Jack Ma as China's richest

Zhong Shanshan's net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma's, according to the Bloomberg Billionaires Index

Zhong Shanshan
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Nicknamed “Lone Wolf” for his eschewing of politics and clubby business groups, Zhong’s fortune has jumped $51.9 billion in 2020, more than anyone else in the world except Bezos and Musk

Richard Macauley | Bloomberg
A bottled-water and vaccine tycoon has become China’s wealthiest person in a day also marked by massive losses among the world’s tech elite.

Zhong Shanshan’s net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma’s, according to the Bloomberg Billionaires Index. Zhong is now Asia’s second-richest person, behind India’s Mukesh Ambani, and is the 17th wealthiest in the world. 

Nicknamed “Lone Wolf” for his eschewing of politics and clubby business groups, Zhong’s fortune has jumped $51.9 billion in 2020, more than anyone else in the world except Amazon.com Inc.’s Jeff Bezos and Tesla Inc.’s Elon Musk. Both suffered heavy