China's former richest person, Zong Qinghou, passes away at 79 - News Summed Up

China's former richest person, Zong Qinghou, passes away at 79


Wahaha's popular drinks have become a staple in stores and kiosks throughout China.Zong's entrepreneurial skills and business acumen earned him recognition and wealth. In 2010, Forbes magazine listed him as China's richest person with a fortune worth $8 billion. He supported the idea of reducing taxes to stimulate economic growth and believed that wealth creation should be encouraged. "If we had egalitarianism... we wouldn't have enough to eat," he said at the time. "It's best to encourage people to create wealth."


Source: Forbes February 25, 2024 12:59 UTC



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