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China Billionaire & Founder of Beverage Giant Hangzhou Wahaha Group Zong Qinghou Died at Age 79, Founded Wahaha Group in 1987 with CNY 140,000 Loan, Estimated Personal Fortune of $6 Billion, China Richest Man in 2012 with More than $20 Billion Fortune
2nd March 2024 | Hong Kong
China billionaire & founder of beverage giant Hangzhou Wahaha Group Zong Qinghou had died at age 79 (25/2/24). In 1987, Zong Qinghou founded Hangzhou Wahaha Group (which means laughing child) with CNY 140,000 loan ($38,000). In 2009, Zong Qinghou won control of a Hangzhou Wahaha Group business (joint venture) from France business partner Danone (Owns bottled water brands including Evian) with a $500 million buyout (80% control). In 2012, Zong Qinghou became China’s richest man with more than $20 billion fortune. In 2023, Zong Qinghou has an estimated personal fortune of around $6 billion.
“ China Billionaire & Founder of Beverage Giant Hangzhou Wahaha Group Zong Qinghou Died at Age 79, Founded Wahaha Group in 1987 with CNY 140,000 Loan, Estimated Personal Fortune of $6 Billion, China Richest Man in 2012 with More than $20 Billion Fortune “
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China Billionaire & Founder of Beverage Giant Hangzhou Wahaha Group Zong Qinghou Died at Age 79, Founded Wahaha Group in 1987 with CNY 140,000 Loan, Estimated Personal Fortune of $6 Billion, China Richest Man in 2012 with More than $20 Billion Fortune
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