Mukesh Ambani has become Asia’s wealthiest person again after Zhong Shanshan’s bottled-water company tanked a record 20% this week.
The Bloomberg Billionaires Index said, RIL chairman's net worth is $80 billion and the Chinese tycoon is now worth $76.6 billion, down more than $22 billion from a peak just last week,
In September, Shanshan had become Asia’s richest person, beating Chinese tech titans like Jack Ma. His company had raised nearly $1.1 billion in its initial public offering.
Zhong is also the chairman of Beijing Wantai Biological Pharmacy Co. Ltd., a vaccine manufacturer which surged as much as 3,757% in December. The firm is now developing a Covid-19 vaccine nasal spray in collaboration with a prominent Chinese university.