Once China’s richest man, Zong Qinghou dies at 79AFP, BEIJINGChinese business magnate Zong Qinghou (宗慶后), whose leading beverage firm once made him the richest person in the country, died yesterday, his company said. Zong was the founder of the Wahaha Group Co (娃哈哈集團), which specializes in bottled water, soft drinks, tea and other products. Late Hangzhou Wahaha Group Co founder Zong Qinghou speaks during an interview in Beijing on March 3, 2012. In 2010, Zong was listed by Forbes magazine as China’s richest person with a US$8 billion fortune. In 2021, Zong took a step back from frontline work, appointing his daughter Zong Fuli (宗馥莉), also known as Kelly Zong, as Wahaha’s vice chairperson and president.

Source: Forbes February 26, 2024 03:35 UTC