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Zhong Shanshan Net Worth

Emmy Wallin

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Zhong Shanshan Net Worth

What is Zhong Shanshan’s net worth? 

Net Worth:$65 Billion
Age:66
Born:December, 1954
Country of Origin:China
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction 

Zhong Shanshan is a Chinese businessman and entrepreneur.

Shanshan founded bottled water Nongfu Spring in 1996. Today, the company is the largest packaged water manufacturer in China. It also makes tea and other beverages.

Shanshan also owns and serves as the chairman of the company Wantai. In addition to making hepatitis E testa kits, Wantai developed a nasal spray COVID-19 vaccine in 2020. 

As of 2021, Zhong Shanshan’s net worth is estimated to be roughly $62 billion. 

 

Early Life 

Zhong Shanshan was born in 1954 in Hangzhou. He dropped out of elementary school and found work in construction. In 1977, he enrolled at the Zhejiang Radio & TV University, studying Chinese. He was a journalist at the Zhejiang Daily. 

In 1988, he moved to Hainan, an island of southern China. He began selling mushrooms, prawns, and turtles during his time there. He then went on to work at the Wahaha beverage company as a sales agent. 

 

Career 

In 1996, Shanshan founded a bottled water company in Hangzhou, which became Nongfu Spring. A few years later, Nongfu Spring stopped removing natural minerals from its water. It was popular in China, where distilled water was the norm at the time. 

Under Shanshan’s leadership, the company grew to be the largest bottled water maker in China. It’s also one of the largest beverage companies in the world. The company has beat out Coca-Cola, Watsons, and Pepsi. He took advantage of the new technologies such as cloud computing and big data in order to gain a key advantage in understanding Nongfu Spring’s customer base.

Nongfu Springs natural became the most popular bottled water in the country in 2012. At the beginning of 2012, Nongfu Spring was the number one seller of packed beverages in China. It maintained the dominance for 8 years. 

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The company’s initial public offering in 2020 massively increased Zong’s wealth. It expanded his fortune from 18.9 billion dollars to over 50 billion dollars. This made Shanshan China’s wealthiest or second-wealthiest person, according to Bloomberg and Forbes, respectively.

At the end of 2020, Forbes listed him as Asia’s wealthiest person. This year, Forbes reported that the increasing share price of Nongfu Spring made him China’s wealthiest person and the world’s sixth wealthiest person. 

His rise came alongside a wave of wealth in China. By September 2020, he owned a 75% stake in Beijing Wantai Biological Pharmacy. Wantai went public in 2020. As of January the following year, he owned 84.4% of Nongfu Spring and was its chairperson.

As of 2021, Zhong Shanshan’s net worth is estimated to be roughly $62 billion. 

 

How Does Zhong Shanshan Spend His Money? 

Shanshan maintains a low public profile and has been called a “lone wolf” by Chinese media.

 

Zhong Shanshan’s Home 

Shanshan lives in a beautiful apartment in Hangzhou’s Xihu district, which borders the city’s scenic West Lake. 

 

Highlights

Here are some of the best highlights of Shong Shanshan’s career:

  • Founder and chairperson of the Nongfu Spring
  • Controls Beijing Wantai Biological Pharmacy

 

3 Life Lessons from Zhong Shanshan

Now that you know all about Zhong Shanshan’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Mistakes 

Mistakes are a part of being human. Appreciate your mistakes for what they are: precious life lessons that can only be learned the hard way.

 

2. Fear 

Fear is not a good teacher. The lessons of fear are quickly forgotten. Do the thing you fear to do and keep on doing it… that is the quickest and surest way ever yet discovered to conquer fear. 

 

3. A Valuable Lesson 

A hungry stomach, an empty wallet, and a broken heart teach you the most valuable lessons in life.

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Summary  

Zhong Shanshan is a Chinese businessman and entrepreneur.

Shanshan has earned his fortune thanks to the Chinese bottled water company Nongfu Spring and the Beijing Wantai Biological Pharmacy. He owns 85% of Nongfu and 75% of Wantai. 

Shanshan was born in Hangzhou, China. He dropped out of school at 12 years old before earning his fortune working as a construction worker, news reporter, and mushroom farmer. 

As of 2021, Zhong Shanshan’s net worth is estimated to be roughly $62 billion.

What do you think about Zhong Shanshan’s net worth? Leave a comment below.  

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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