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Zong Qinghou Biography, Net Worth, Children, Family, Wife, and Latest News

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Here is everything you need to know about Zong Qinghou Biography, Net Worth, Children, Family, Wife, and Latest News.

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Zong Qinghou (born 1945) is a Chinese billionaire businessman, and the founder, chairman and CEO of the Hangzhou Wahaha Group, China’s leading beverage company.

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He was ranked as China’s richest man in 2012 and second-richest in 2013, according to the China Rich List, published by Hurun Report.

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According to Forbes, his net worth is US$8.2 billion as of April 2020.

Zong is a native of Zhejiang and had little formal education. After graduating from secondary school, Zong worked at the Zhoushan salt farm. He returned home in 1979 on the retirement of his mother, who was a teacher.

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He eventually returned to Hangzhou, and only found menial work at a local school due to the low level of his education. In 1987, he targeted a mini-grocery in a school in Shangcheng District, Hangzhou, selling milk. Zong headed the embryonic Wahaha business, which distributed fizzy soft drinks, ice and stationery.

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Together with two retired schoolteachers, he borrowed the sum of CNY 140,000, to start producing milk drinks for distribution

Zong Qinghou Biography, Net Worth, Children, Family, Wife, and Latest News Summary

Zong Qinghou Net Worth / Brief Biography.

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Accordin to Wikipedia (The Free Encyclopedia) Zong Qinghou is a Chinese billionaire businessman, and the founder, chairman and CEO of the Hangzhou Wahaha Group, the leading beverage company in China.

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Zong is a delegate to the Chinese National People’s Congress with a Net worth: 10.8 Billion USD. making him the richest politician in China and one of the richest politicians in the world.

According to the China Rich List, published by Hurun Report in 2012, Zong is the China’s richest man in 2012 and second-richest in 2013.

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Furthermore, he was ranked the 35th richest man in the world in the global richest list with an estimated net worth of 20 billion USD.

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Zong Qinghou made his fortune in the beverage business when he founded Hangzhou Wahaha Group. Hangzhou distributes teas, milks and soft drinks.

Although Zong himself had a very little formal education, he has become the most famous politician in China.

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Zong was born on October 1945 in Hangzhou, China.

His wife is Shi Youzhen with Kelly Zong a Chinese business lady, her daughter.

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