Asia now has the richest new people in the region after the aforementioned individual managed to reap multiple profits through his vaccine and water bottle production firm.
The individual, Zhong Shanshan, amassed a fortune of US $ 7 billion this year, helping him overcome Indian tycoon Mukesh Ambani and Alibaba founder Jack Ma.
According to the Bloomberg Billionaires Index, Shanshan's total assets are worth US $ 77.8 billion, making him the 11th richest man in the world.
Shanshan, known as the ‘Lone Wolf’, has been involved in journalism, mushroom cultivation and health care.
Shanshan listed his vaccine production company Beijing Wantai Biological in the Chinese stock market last April. Three months later, he made a similar move against his water bottle company, Nongfu Spring, in the Hong Kong stock market.
The move allowed him to overcome Jack Ma as the richest man in Asia and China.
Since then, Nongfu Spring has become one of the most profitable counters and has seen its shares soar by 155% since its first appearance on the Hong Kong stock market.
Meanwhile, Beijing Wological Biological shares increased by more than 2000% and became one of the companies producing Covid-19 vaccine.
This dramatic increase pushed Shanshan to first place in the list of the richest men in Asia and one of the fastest-growing individuals in history.
Meanwhile, Jack Ma's fortune dropped from US $ 61.7 billion to US $ 51.2 billion after the Alibaba empire faced action from Chinese authorities.
Alibaba is being investigated over alleged monopoly measures while the listing of its subsidiary, Ant Group on the stock market was blocked in November.
