Zhong Shanshan's fortune neared $60bn after shares in his bottled water company jumped

IPOs

Bottled-water tycoon Zhong Shanshan has overtaken Alibaba founder Jack Ma as China’s richest person after shares in his Nongfu Spring company surged in Hong Kong.

Zhong Shanshan’s net wealth reached $58.7bn on Wednesday, according to an 

 from Bloomberg. That makes the entrepreneur wealthier than Ma who is currently worth $56.7bn.

Bottled-water billionaire overtakes Jack Ma as China’s richest person

Shanshan's fortune has soared thanks to the IPOs this year of two companies he controls

James Booth

Nongfu Spring

Jack Ma

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