Mukesh Ambani becomes Asia's richest man again, surpassing China Zhong Shanshan in just two days - Newztezz Online

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Saturday, January 2, 2021

Mukesh Ambani becomes Asia's richest man again, surpassing China Zhong Shanshan in just two days


Recently, news came that Mukesh Ambani is no longer the richest man in Asia, he has been defeated by China's Zhong Shanshan. 
But now, according to Forbes' list of real-time billionaires, Mukesh Ambani has once again won the title of Asia's richest man. Mukesh Ambani, who was dropped from Forbes' World's Top 10 Rich List, has returned to 9th position. China's Zhong Shanshan is 14th.

What is Forbes' Real-Time Billionaire Ranking?

The Forbes Real-Time Billionaire Ranking provides information on the fluctuations in daily public holdings. In different parts of the world, this index is updated every 5 minutes after the stock market opens. On the other hand, the assets of people who are affiliated with a private company are updated once a day.

In 2020, Zhong Shanshan's wealth increased by 7 billion

According to the Bloomberg Billionaires Index, Zhong Shanshan's wealth increased by 7 7 billion in 2020. According to the Bloomberg Billionaire Index, companies such as Nongfu and Wantai have topped the list of richest people in Asia with a net worth of 77 77.8 billion. Mukesh Ambani came in second with a fortune of 76 76.6 billion.

Zong, 66, is hardly known outside of China. It made public in April the vaccine maker Beijing Vontai Biological Pharmacy Enterprise Company. And then a few months later his company Nongfu Spring Co., which makes bottled water, was heavily listed in Hong Kong. Shares of the company rose 155 percent after listing. As a result, Ventai's stock has risen more than 2,000 percent. He is on the list of the fastest earning rich people in history.

Zong's other company (Wantai) is developing a vaccine for Wuntai, Kovid-19

Shares of Nongfu surged when Citigroup Inc. said the company had increased its market share. Increase the stake and have enough cash. Zong's other company (Wantai) is developing a vaccine for Vuntai, Covid-19. Shares of Chinese tech companies fell as the scope of government scrutiny grew, which benefited Zhong. Jack Mani's net worth was .7 61.7 billion in October, which has now dropped to 51 51.2 billion.

From mushroom farming to health care, success has been achieved

It's not that Naseeb didn't take kindly to Zong. He has tried his luck in many fields and has reached this point. Before becoming the richest man in Asia, he tried his hand at journalism, from mushroom farming to health, and climbed the ladder of success. Zhang stays far away from politics.

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