New-energy billionaires race up China's rich list

Hurun Rich List shows that 8 of 10 fastest climbers from NEV, related industries

20211029 Caixin Zhong AP_20323115654823

Zhong Shanshan, founder of bottled water giant Nongfu Spring in 2013. © AP

MANYUN ZOU, Caixin

China's new-energy sector billionaires reached new heights on this year's Hurun China Rich List, buoyed in equal measure by the country's ambitious environmental goals and the fading fortunes of rivals exposed to real estate and internet-related sectors.

Zhong Shanshan, founder of bottled water giant Nongfu Spring, scored first place on the China list this year, with a net worth of $60.5 billion. It was his second year on the list.

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