How rich is Zong Qinghou?
Zong Qinghou Net Worth:
|Birth place:||Hangzhou, Zhejiang, China|
Zong Qinghou net worth, wiki & biography:
Zong Qinghou is a Chinese entrepreneur that has an estimated net worth of $11.6 billion as of March 2013. He is # 86 in World Billionaires List (#146 in 2012) and the wealthiest individual in China according to Forbes.com. He is one among the largest gainers on the list of entire world’s billionaires with a rise of 75% in his net worth a year ago. He currently chairs Wahaha, a privately held top home grown beverage business in the united states. It is the fast growing producer of a mix of bottled water, teas, as well as other ready-to-drink concoctions. This past year, it had a reported pretax gain of $1.6 billion, an 18% increase with the lower cost for fixings.
Zong Qinghou Net Worth $11.6 Billion
After finishing secondary school, he worked in the Zhoushan salt farm, near his mother’s home. He also began selling milk to some mini-grocery in Shangcheng District in 1987. His company has grown to sell pop, office supplies and ice. It afterwards became the Wahaha Group, the greatest & most successful beverage provider. Nevertheless, he was accused of “running parallel companies” that he resigned as chairman of the joint venture in 2007.