⬅ # 26 Charles Koch|# 28 Colin Huang

# 27 Zhong Shanshan 

$54.9B

Real Time Net Worth
as of 7/12/2024
-$1.6B (-2.97%)

# 27 Zhong Shanshan 

$54.9B

Real Time Net Worth
as of 7/12/2024
-$1.6B (-2.97%)
OccupationFounder and Chair, Nongfu Spring
Source of WealthBeverages, Pharmaceuticals
Age69
ResidenceHangzhou, China
Children1
Age-Adjusted Net Worth$29.8B
Zhong Shanshan
Zhong Shanshan
China
Net worth: $54.9B

Self-Made Score 

Wealth History

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Biography

Zhong Shanshan was born on December 1954 in Hangzhou, Zhejiang, China.
He is the founder and chairman of Nongfu Spring, a leading bottled water company in China, known for its natural mineral water and beverages.
Zhong Shanshan started his career as a construction worker and journalist before venturing into the business world.
In 1996, he founded Nongfu Spring, which quickly became one of the largest bottled water companies in China, emphasizing quality and purity.
Under Zhong's leadership, Nongfu Spring diversified its product offerings to include various beverages, including tea and fruit juices.
Nongfu Spring went public on the Hong Kong Stock Exchange in 2020, marking one of the most significant initial public offerings (IPOs) of that year.
In 2020, Zhong Shanshan became the wealthiest person in China, surpassing other prominent business figures.
Apart from Nongfu Spring, Zhong is also the chairman of Beijing Wantai Biological Pharmacy Enterprise, a company specializing in vaccine and diagnostic products.
Known for his low-profile nature, Zhong Shanshan is often referred to as the 'Lone Wolf' billionaire.

How long would it take you to become as rich as Zhong Shanshan?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Zhong Shanshan's net worth of $54.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

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Zhong Shanshan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Zhong Shanshan, Beverages and Pharmaceuticals are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey