Chinese Bottled Water Tycoon Makes Hurun's Top 10 Rich List | Dao

Chinese bottled water tycoon makes Hurun’s top 10 rich list

The Hurun Research Institute has released its tenth annual “Hurun Global Rich List” in partnership with property company Shimao Hong Kong Zhuhai Macao Port City.

For the first time ever, a Chinese entrepreneur has entered the top ten global entrepreneurs. Zhong Shanshan is the 67-year-old founder of bottled water brand Nongfu Spring and has become the richest man in Asia with a fortune of 550 billion RMB ($85 million). Two others also made it into the top ten for the first time: Tesla founder Elon Musk and LVMH’s Bertrand Puech.

The total wealth of the top ten entrepreneurs culminated to 7.3 trillion RMB ($1.1 trillion), an increase of 9% from 2020. The United States featured heavily on the top ten list with six entrepreneurs of American nationality, while two were from France. Their wealth increased by more than 50% on average over the last year.

Outside the top ten, Pinduoduo’s founder Huang Zheng surpassed Alibaba’s Jack Ma with a fortune of 450 billion RMB ($69.6 billion) to rank third wealthiest in China. Tencent’s Ma Huateng (Pony Ma) saw his wealth increase by 70% to take second place with 480 billion RMB ($74.2 billion). The founder of Douyin and its parent company ByteDance Zhang Yiming entered the top five in China for the first time with a fortune of 350 billion RMB ($54.1 billion).

Hurun's global rich list
Credit: Hurun
Hurun's global rich list
Credit: Hurun
Hurun's global rich list
Credit: Hurun

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