Why did Zhong suddenly become the richest man

Mondo Finance Updated on 2024-01-30

Because Nongfu Spring's stock price continues to rise, it has brought huge capital gains to Zhong Sui, and his value has increased rapidly. Of course, the growth of Zhong's wealth does not completely depend on Nongfu Spring, and under the epidemic, Zhong has also reaped a large amount of equity income with the help of the listing of Wantai Biopharmaceutical, thus promoting the speed of Zhong's wealth accumulation.

Zhong Sui (December 1954—), born in Zhuji, Zhejiang, is an entrepreneur, chairman and general manager of Nongfu Spring Co., Ltd., chairman of Yangshengtang, and chairman of Wantai Biotechnology in 2007. In 1988, Zhong became the general manager of Wahaha Oral Liquid in Guangxi and Hainan, and started his business after Wahaha won the first pot of gold.

In 1993, Yangshengtang was founded, and the brands of Yangshengtang turtle pills and Duoer capsules were launched. In September 1996, Zhejiang Qiandao Lake Health Hall Drinking Water was founded in June 2001, and the company was restructured into Nongfu Spring Co., Ltd. On September 8, 2020, Nongfu Spring was listed, and Zhong was promoted to the new richest man in China.

Zhong was able to become the richest man mainly because he owns the shares of two companies, and the proportion of shares in Nongfu Spring is relatively high, which can reach 844%。At the same time, it also owns the equity of Wantai Biotechnology, both of which are listed companies, so they naturally became the richest man.

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