Zhong Shanshan, the chairman of Nongfu Spring Firm, attends the Nongfu Spring new product launch convention on February 1, 2015 in Baishan, Jilin Province of China.
Jiang Xin | VCG | Getty Photos
BEIJING — Regular good points within the public choices of two Chinese language shares this 12 months have vaulted their controlling stakeholder to the highest of China’s wealthy record.
As of Thursday, Nongfu Spring founder Zhong Shanshan had a paper web value of $57.2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma, whose respective holdings had been value $56.three billion and $50.Four billion, in line with Forbes.
The paper good points additionally imply China’s wealthiest man now ranks 17th on the planet, just under Google co-founders Larry Web page and Sergey Brin, in line with Forbes’ real-time billionaire list.
Zhong owns 84.4% of the bottled water big, which is up roughly 77% from its public providing on Sept. eight in Hong Kong, when the corporate raised about $1.1 billion in one of many largest public choices for the change to date this 12 months.
Zhong additionally holds a controlling stake in Wantai Organic, a pharmaceutical agency that claims to be among the many a number of Chinese language firms creating a vaccine for Covid-19. Wantai is up greater than 2,000% since its public providing on the Shanghai Inventory Alternate in April.