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Alibaba founder Jack Ma's position as China's top tycoon is challenged by bottled-water entrepreneur Zhong Shanshan.

Zhong Shanshan Springs Into Third Place on Hurun China Rich List; Jack Ma Keeps Top Spot @JackMa 

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Alibaba's co-founder Jack Ma and his family topped Hurun's China Rich List for personal wealth of USD58.8 billion, excluding Ma’s donations tallying nearly USD14.2 billion. Tencent's CEO Pony Ma and Nongfu Spring’s founder Zhong Shanshan are No. 2 and 3.

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Zhong Shanshan’s Nongfu Spring, which claims to be number one in China’s massive bottled water market, is ubiquitous across a country where most people shun tap water for health reasons. | @AFP 

Zhong Shanshan, the founder of the popular Chinese bottled water brand Nongfu Spring, has overtaken Alibaba founder Jack Ma to become the country's wealthiest person, according to the Bloomberg Billionaires index.

Zhong Shanshan, is now Asia’s second-richest person, behind India’s Mukesh Ambani, and is the 17th wealthiest person overall, ahead of Charles Koch and Phil Knight

Heard on the Street: Bottled water helped Zhong Shanshan float to the top of China’s wealth rankings, but the tide may turn

Jack Ma has been dethroned as China's richest person. Zhong Shanshan, a bottled-water and vaccine tycoon, added almost $52 billion to his fortune this year after two IPOs

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Elon Musk’s net worth plunged $16.3bn Tue as Tesla stock crashed 21%, the largest single-day wipeout in history of BBG Billionaires Index. Zhong Shanshan added >$30bn to his fortune after shares of bottled-water company he founded surged following an IPO.

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China’s new richest person is bottled water tycoon Zhong Shanshan, knocking Alibaba founder Jack Ma from the top spot

The net worth of Zhong Shanshan, the owner of China’s largest bottled water maker, climbed to $58.7bn, overtaking that of Alibaba’s Jack Ma

Since listing Nongfu Spring on Hong Kong's bourse, Zhong Shanshan, its founder, is now China’s third-richest person

Since listing Nongfu Spring on Hong Kong's bourse, Zhong Shanshan, its founder, is now China’s third-richest person

Since listing Nongfu Spring on Hong Kong's bourse, Zhong Shanshan, its founder, is now China’s third-richest person

Since listing Nongfu Spring on Hong Kong's bourse, Zhong Shanshan, its founder, is now China’s third-richest person

Chinese billionaire Zhong Shanshan is known as the "Lone Wolf," but his bottled water empire has also created 68 millionaires after going public

Chinese billionaire Zhong Shanshan is known as the "Lone Wolf," but his bottled water empire has also created 68 millionaires after going public

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