Wahaha founder Zong Qinghou dies aged 79In 2010, Zong was listed by Forbes magazine as China's richest person. File photo: APZong Qinghou, a mainland business magnate whose leading beverage firm once made him the richest person in the country, died on Sunday, his company said. Zong was the founder of the Wahaha conglomerate, which specialises in bottled water, soft drinks, tea and other products. In 2010, Zong was listed by Forbes magazine as China's richest person with a fortune worth US$8 billion. In 2021, Zong took a step back from frontline work, appointing his daughter Zong Fuli as Wahaha's vice-chairperson and general manager.

Source: Forbes February 25, 2024 11:59 UTC