The founder of China’s biggest bottled water group has become the country’s second-richest person with a fortune of more than $50bn, after shares in his company surged on their debut in Hong Kong.
Zhong Shanshan, Nongfu Spring’s biggest shareholder, enjoyed a multibillion-dollar windfall after the stock jumped 63 per cent on Tuesday.
Mr Zhong’s fortune now tops the $52.1bn net worth of Pony Ma, the founder of Chinese internet group Tencent, according to Bloomberg estimates. Jack Ma, the founder of ecommerce business Alibaba, remains China’s wealthiest individual with an estimated $57.8bn fortune.
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