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THE STORY OF THE NEW WEALTHIEST MAN IN CHINA
By Value Invest Asia  •  November 18, 2020
China has a new wealthiest man in the country. For the past decade, that title has been rotating between Alibaba’s co-founder, Jack Ma, and Tencent’s co-founder, Pony Ma. It set the stage for the dominance of technology in the Chinese business world. However, this year there is finally another contender and one whom no one has heard of before the recent IPO of his company, Nongfu Spring Company Ltd (HKG: 9633). Zhong Shanshan, is the founder, Chairman and General Manager of Nongfu Spring (农夫山泉). The story of how he ascends into the throne as the richest man in China is quite a fascinating one.  Born Without Even A Wooden Spoon Zhong Shanshan was born in Zhejiang province (same as Jack Ma). However, he grew up poor. He was forced to drop out of school at the age of 12 during the Chinese cultural revolution as his parents were targeted for prosecution. When...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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