China's Zhong Shanshan Becomes Richest Person in Asia:
A Chinese businessman who owns a vaccine firm and a company that sells bottled water has become the richest man in Asia. Zhong Shanshan's wealth increased by a total of seven billion dollars this year. At the same time, he has become richer than Mukesh Ambani of India and Jack Ma of China. According to Bloomberg's Billionaire Index, Zhong Shanshan is the 11th richest person in the world with a net worth of 77.8 billion. He was also involved in journalism, digging, and healthcare.
Zhong listed shares of vaccine maker Beijing Wantai Biological in April on the Chinese stock market. Three months later, bottled water company Nongfu Spring also hit the Hong Kong Stock Exchange. That puts him above Alibaba founder Jack Ma. Jack was the richest man in China and Asia at the time.
Since then, Nongfu Spring has been strong in Hong Kong's stock market. Its price has risen 155 percent since it first went public. Shares of Beijing Bantai Biological have risen more than 2,000 percent. The firm is involved in the vaccine covid-19.
The dramatic rise in the stock market has established Zhong as one of the most influential people in Asia.
Many rich people, including Jeff Bezos, the founder of the wealthy Amazon company, have become even richer during the coronavirus epidemic.
India's Mukesh Ambani's wealth also increased by 18.3 billion during the period, to a total of 76.9 billion. He has transformed his business establishment Reliance Industries into a technology and e-commerce sector.
Earlier this year, Facebook announced plans to invest 7 5.7 billion in India's mobile internet company Reliance Jio.
The company is owned by Ambani. But Jack Ma's fortune fell from. 61.7 billion in October to 51.2 billion. His company, Alibaba, has been under surveillance by Chinese regulators for some time.
Even though the affiliate Ant Group was listed on the stock exchange last November; Alibaba is being investigated on suspicion of acting alone.
Most Chinese billionaires are involved in technology. But rising tensions between China and the United States over Huawei, TikTak, and WeChat have also affected the share prices of some Chinese technology companies.
