Jack Ma, richest man in China, loses his place

Jack Ma,  richest man in China, loses his place

Jack Ma, the founder of Alibaba, China’s richest man, has lost that position.

He topped the list of China’s richest people in 2019 and 2020.

But according to the latest list of the country’s richest people, Chong Shanshan, the owner of Nongfu Spring, a business that sells “bottled drinking water”, has become the richest man in the country, foreign media reported.

In addition to the business, Zhong Shanshan also owns a Beijing-based company that manufactures Kovid-19 vaccines.

Data shows that demand for shares in Nongfu Springing has grown significantly.

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