The retail sales of soft beverages in China in 2019 was worth about 153.1 billion dollars. (Photo supply: Bloomberg)
China’s bottled water czar, Zhong Shanshan has been on a tear in current weeks. The owner of Hangzhou-primarily based beverage enterprise Nongfu Spring, Shanshan has currently surpassed billionaires such as Mukesh Ambani, Berkshire Hathaway’s Warren Buffett, Google’s Larry Page and Sergey Brin, and so forth., in net worth. In reality, in the previous 10 days, Shanshan’s wealth has surged by practically $20 billion from $77.8 billion as of December 31, 2020, to more than $95 billion as of Sunday, according to Bloomberg Billionaires Index. And now, he is brief of just $6 billion to eclipse Facebook’s Mark Zuckerberg who had a net worth of $101 billion even though filing this report. Shanshan’s net worth rally in the current previous indicated that he may pip social media poster boy Zuckerberg in the coming week and join the $one hundred billion net worth club. The subsequent in line would be Louis Vuitton’s Bernard Arnault – presently the fourth richest particular person in the planet with $117 billion net worth.
The $one hundred billion wealth club has Amazon’s Jeff Bezos, and Bill Gates, apart from Zuckerberg and Arnault. Tesla and SpaceX CEO Elon Musk is the only billionaire to cross the $200 billion net worth mark. Nongfu Spring’s shares had surged more than 85 per cent to open at Hong Kong (HK) $39.80 on its debut on the Hong Kong Stock Exchange on September 8. The shares additional surged to HK $54.90 to finish 2020 and considering the fact that then had soared to HK $66.60 on Friday. The company’s market place cap was HK $335.31 billion (US $43.19 billion). The enterprise was the market place leader in the packaged water segment in China along with being the third-biggest enterprise in the tea beverage market place in 2019, according to the enterprise citing study from Frost & Sullivan. The retail sales of soft beverages in China in 2019 was worth about $153.1 billion (about 991.4 billion yuan), according to Statista.
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According to Hurun Rich List 2020, which was out in October final year, China had 257 new billionaires more than the previous year that brought the country’s total billionaire count to 878. China’s billionaires had added $1.5 trillion to their wealth with the total worth of these billionaires hitting the $4 trillion mark. Earlier this week, Musk had surpassed Bezos to turn out to be the wealthiest particular person on the planet. As of Sunday, Bezos’ net worth stood at $209 billion in comparison to Bezos’ $186 billion.