Article 57WD1 Bottled water flotation makes founder China's third-richest man

Bottled water flotation makes founder China's third-richest man

by
Mark Sweney
from World news | The Guardian on (#57WD1)

Zhong Shanshan's net worth rises to $51bn as Nongfu Spring shares launch in Hong Kong

The stock market flotation of China's biggest bottle water company has made its founder the country's third-richest man, as shares in his company rocketed on their debut in Hong Kong.

At one point the paper fortune of Zhong Shanshan, the biggest shareholder in bottled water company Nongfu Spring, briefly surpassed that of China's two richest men, Alibaba founder Jack Ma and Tencent founder Pony Ma.

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