School dropout Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

China’sbusinessman Zhong Shanshan on Thursday rose to become Asia’s richest man with a worth of nearly $77.8 billion. According to Bloomberg assessment, Zhong, 66, a bottled water and vaccine tycoon, is the 11th richest person on the planet. “It’s one of the fastest accumulations of wealth in history,” said the report as Zhong’s businesses surged from $70.9 billion to $77.8 billion this year. He overtook India’s Mukesh Ambani whose worth surged to $76.9 billion.

Zhong, whose career spans journalism, mushroom farming and healthcare, in September rose to become China’s richest businessman after overtaking Chinese philanthropist and businessman Jack Ma by over $2billion. Headquartered in Hangzhou in China’s Zhejiang province, Zhong’s bottled water company Nongfu Spring Co is Hong Kong's most popular among retail investors. Zhong is popular as “lone wolf” in the business world. A school dropout, Zhong worked as a construction worker, a newspaper reporter and a beverage sales agent before starting his own business. Among his businesses is Beijing Wantai Biological Pharmacy. It started trading at the Shanghai Stock Exchange in April. Before Ambani, Jack Ma was Asia’s richest man whose net worth has come down to $51.2 billion now.