Jack Ma sees new competition for title of China's wealthiest

Twin IPO successes push Zhong Shanshan to No. 3 spot on Hurun rich list

20201020  Zhong Shanshan

Zhong Shanshan, chairman of Nongfu Spring and controlling shareholder of Beijing Wantai Biological Pharmacy Enterprise.  © Getty Images

GRACE LI, Nikkei staff writer

HONG KONG -- Jack Ma, China's richest man, has a new rival.

Zhong Shanshan, whose drinks business and medical supply company both pulled off successful initial public offerings this year, has seen his fortunes leap to put him among the country's wealthiest individuals, with a spot near the top of the Hurun China Rich List.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.