Beverage tycoon tops Forbes’ China rich list
CHINA: Beverage tycoon Zong Qinghou regained his position as China’s
richest man this year, Forbes magazine said Friday, but the global
economic slump took its toll on other billionaires. Zong, who heads
soft-drink producer Wahaha, has a fortune of $10 billion, according to
the magazine’s influential annual ranking of China’s 400 richest people,
helping him win back the position he lost last year.
A similar list released last month by the China-based Hurun Report
also crowned Zong as China richest, but put his wealth at $12.6 billion.
Last year’s number one on the list, construction equipment magnate Liang
Wengen, slid to sixth place with $5.9 billion as his Sany company was
hit by weak demand for new building projects caused by a slowdown in