China’s Richest, Zhong Shanshan, Loses $20 Billion Over Cheap Water

This post was originally published on Forbes Middle East

Zhong Shanshan, the founder of Chinese beverage giant Nongfu Spring and the country’s richest man, has seen his wealth shrink by as much as $20 billion since early May, as investors doubt the company’s strategy of selling new bottled water products at heavy discounts.

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