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China's richest man holds two major "money printing machines": the water and vaccine

Thu, Feb 15 2024 08:35 PM EST

On February 12th, it was reported that compared to the past figures like Jack Ma and Wang Jianlin, China's current richest man has long been replaced, and that's Zhong Shanshan. The reason why he firmly holds the position of richest man is mainly due to holding two major "money printing machines."

Zhong Shanshan has been able to top the rich list for three consecutive years, thanks to the listing of Wentai Biotechnology and Nongfu Spring in April and September 2020 respectively. These two "keys to wealth" are indispensable.

At the turn of 2023 and 2024, Wentai Biotechnology suddenly experienced a surge, with its stock price rising by over 82% from December 15, 2023, to January 8, 2024, and its total market value increasing by nearly 50 billion CNY.

Zhong Shanshan has also stated, "The water and vaccine industries are the two industries where I plan to take root and grow in the future. Because these two industries have very important significance for people's health and longevity in the future."

"I have considered entering real estate. Why didn't I do it? I think it's because of my personality. I don't have the habit of flattery, so I don't like dealing with people, and I don't like drinking, so I can't succeed in real estate," Zhong Shanshan said.

Zhong Shanshan mentioned that the two people he admires are Steve Jobs and Ren Zhengfei. "I haven't met Ren Zhengfei, but I admire his management ability, forward-thinking management, and strategic management..."

From 2021 to 2023, Zhong Shanshan sat steadily as China's richest man for three consecutive years. In 2024, Zhong Shanshan will celebrate his 70th birthday. Approaching old age, he remains a solitary "lone wolf," rarely appearing in public. s_9e93c3e3d80f438fb134832cef9330c5.jpg