a true rags to riches story

pretty_boy

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Zhong was born in Hangzhou in 1954.[3] He dropped out of primary school during the Cultural Revolution[2] and found work in construction. In 1977, he enrolled at what is now the Zhejiang Radio & TV University studying Chinese. Zhong was a journalist at the Zhejiang Daily before quitting in 1988 to enter business. In 1988, Zhong moved to Hainan, an island off the coast of southern China. He sold mushrooms, prawns, and turtles during his time on the island.[4] He then went on to work at the Wahaha beverage company as a sales agent, and sold healthcare supplements.[3]

In 1996, Zhong founded a bottled water company in Hangzhou,[3] which later became Nongfu Spring. In 1999, Nongfu Spring stopped removing natural minerals from its water. This was a savvy marketing move and greatly helped increase exposure to their target audience. It was popular in China, where distilled water was the norm at the time, despite many worrying about its health benefits, or lack thereof.[4] Under Zhong's leadership, the company grew to be the largest bottled water maker in China, as well as one of the largest beverage companies in the world. The company beat out behemoths in the industry such as Coca-Cola, Watsons, and Pepsi to become the best-selling package beverage brand. Zhong took advantage of new technologies such as cloud computing and big data in order to gain a key advantage in understanding Nongfu Spring's customer base.[5] This allowed for unparalleled market expansion across the country and transformed this once humble company into a leviathan of epic proportions. According to Nielsen research data, Nongfu Springs natural water became the most popular bottled water in the country in 2012.[6] Starting in 2012, Nongfu Spring was the number one seller of packaged beverages in China. It maintained this dominance for 8 consecutive years.[7]

Nongfu Spring's initial public offering in September 2020 massively increased Zhong's wealth. It expanded his fortune from 18.9 billion dollars to over 50 billion dollars.[8] This made him China's wealthiest or second-wealthiest person, according to Bloomberg and Forbes respectively.[9][3] At the end of 2020, Forbes listed Zhong as Asia's wealthiest person. In January 2021, Forbes reported that the increasing share price of Nongfu Spring made him China's wealthiest person and the world's sixth wealthiest person, with a net worth of 95 billion dollars.[2] His rise came alongside a wave of wealth in China, where over 200 billionaires were minted in 2020, adding 1.5 trillion dollars to their wealth, collectively. This was more than any other country that year.[10] By September 2020, Zhong owned a 75% stake in Beijing Wantai Biological Pharmacy.[3] Wantai went public in April 2020,[2] which increased Zhong's wealth and added to his fortune.[9] As of January 2021, he owned 84.4% of Nongfu Spring and was the company's chairperson.[2]
 

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In 1996, Zhong founded a bottled water company in Hangzhou,[3] which later became Nongfu Spring. In 1999, Nongfu Spring stopped removing natural minerals from its water. This was a savvy marketing move and greatly helped increase exposure to their target audience. It was popular in China, where distilled water was the norm at the time, despite many worrying about its health benefits, or lack thereof.[4] Under Zhong's leadership, the company grew to be the largest bottled water maker in China, as well as one of the largest beverage companies in the world. The company beat out behemoths in the industry such as Coca-Cola, Watsons, and Pepsi to become the best-selling package beverage brand. Zhong took advantage of new technologies such as cloud computing and big data in order to gain a key advantage in understanding Nongfu Spring's customer base.[5] This allowed for unparalleled market expansion across the country and transformed this once humble company into a leviathan of epic proportions. According to Nielsen research data, Nongfu Springs natural water became the most popular bottled water in the country in 2012.[6] Starting in 2012, Nongfu Spring was the number one seller of packaged beverages in China. It maintained this dominance for 8 consecutive years.[7]
Selling bottled water is evil. I don't mind in Japan though since it's priced less than a USD for a huge bottle. I consider it paying for the packaging and convenience.

But this sounds expensive.

Nongfu Spring's initial public offering in September 2020 massively increased Zhong's wealth. It expanded his fortune from 18.9 billion dollars to over 50 billion dollars.[8] This made him China's wealthiest or second-wealthiest person, according to Bloomberg and Forbes respectively.[9][3] At the end of 2020, Forbes listed Zhong as Asia's wealthiest person. In January 2021, Forbes reported that the increasing share price of Nongfu Spring made him China's wealthiest person and the world's sixth wealthiest person, with a net worth of 95 billion dollars.[2] His rise came alongside a wave of wealth in China, where over 200 billionaires were minted in 2020, adding 1.5 trillion dollars to their wealth, collectively. This was more than any other country that year.[10] By September 2020, Zhong owned a 75% stake in Beijing Wantai Biological Pharmacy.[3] Wantai went public in April 2020,[2] which increased Zhong's wealth and added to his fortune.[9] As of January 2021, he owned 84.4% of Nongfu Spring and was the company's chairperson.[2]
Wow great my country and portfolio has gone to dirt but Nongfu is a billionaire selling water and his investors are happy.

That is pretty cool though he started college at 23. I can respect late students like that because I'm one of those losers. But maybe that was the norm for China in the 70s. Idk what kind of higher ed' culture they had/have there.
 

pretty_boy

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China seems like an al
Selling bottled water is evil. I don't mind in Japan though since it's priced less than a USD for a huge bottle. I consider it paying for the packaging and convenience.

But this sounds expensive.



Wow great my country and portfolio has gone to dirt but Nongfu is a billionaire selling water and his investors are happy.

That is pretty cool though he started college at 23. I can respect late students like that because I'm one of those losers. But maybe that was the norm for China in the 70s. Idk what kind of higher ed' culture they had/have there.
Bezos was also like 30 when he started Amazon
 

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Bezos was also like 30 when he started Amazon
Who cares about that. There's no set age to start a company. But I can respect older students (in their 20s and only the successful ones) because they probably had fucked up unprivileged circumstances to end up like that.

China seems like an al
A what?
 

pretty_boy

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Who cares about that. There's no set age to start a company. But I can respect older students (in their 20s) because they probably had fucked up unprivileged circumstances to end up like that.



A what?
I was gonna say alien land
 

pretty_boy

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Selling bottled water is evil. I don't mind in Japan though since it's priced less than a USD for a huge bottle. I consider it paying for the packaging and convenience.

But this sounds expensive.



Wow great my country and portfolio has gone to dirt but Nongfu is a billionaire selling water and his investors are happy.

That is pretty cool though he started college at 23. I can respect late students like that because I'm one of those losers. But maybe that was the norm for China in the 70s. Idk what kind of higher ed' culture they had/have there.
oh you wrote started college in 23 j though u mwant start buisness at 23. cause I reread and he started it at 44
 

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Yeah he started when people were supposed to have graduated. Anyone who does that must've had a blackpilling experience.

oh you wrote started college in 23 j though u mwant start buisness at 23. cause I reread and he started it at 44
There are no legit Chinese businessmen. You only get powerful if you have friends in the CCP. So it was all pre-ordained.
 

pretty_boy

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Yeah he started when people were supposed to have graduated. Anyone who does that must've had a blackpilling experience.



There are no legit Chinese businessmen. You only get powerful if you have friends in the CCP. So it was all pre-ordained.
if he has friends I'm the CCP then. he made them himself since he was born in total poverty
 

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if he has friends I'm the CCP then. he made them himself since he was born in total poverty
That's common. A Chinese girl in my Japanese class told me her family was poor and rural but one of them was able to get CCP connections and they became rich and that's how she ended up in America.

She didn't tell me directly btw. Just talking about herself in the groupwork group we were in.

All it takes is being able to become friends with someone in the party and your whole family is set for life.
 

pretty_boy

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haters be hating on dark triad water salesman
 

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All from bottled water... what a joke. I know a lot of the world takes drinkable tap water for granted, but still.

 
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