A bottled-water and vaccine tycoon has become China’s wealthiest person in a day, also marked by massive losses among the world’s tech elite. Zhong Shanshan’s net worth reached 58.7 billion dollars, 2 billion dollars more than Jack Ma’s, according to the Bloomberg Billionaires Index. Zhong is now Asia’s second-richest person, behind India’s Mukesh Ambani, and is the 17th wealthiest in the world, ahead of Charles Koch and Phil Knight.
Nicknamed “Lone Wolf” for his eschewing of politics and clubby business groups, Zhong’s fortune has jumped 51.9 billion dollars in 2020, more than anyone else in the world except Amazon.com Incorporated's Jeff Bezos and Tesla Incorporated's Elon Musk. Both suffered heavy declines as tech stocks stumbled, and Tesla plunged after its “Battery Day” event fell short of expectations. Musk’s fortune dropped by almost 10 billion dollars.
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