“Lone wolf” is the richest man in China and Asia

And last April, Jhong listed the shares of “Pigeon Antibody” on the Chinese stock exchange.

Three months later, Nongfu Spring Water Bottling Company is listed on the Hong Kong Stock Exchange.

At the time, he surpassed Alibaba founder Jack Ma, who was once the richest man in China and Asia.

The company has since grown into one of the best performing companies on the stock market, with shares increasing 155% from their inception.

Shares of “Bijin Antbiological” have risen by more than 2,000 percent, and it is one of the companies developing a vaccine against the Covid-19 epidemic.

This dramatic increase in Jhong’s wealth led him to take the top spot in Asia, and he is one of the richest people in history, according to Bloomberg.

The rich get richer

The fortunes of many of the world’s richest have increased during the outbreak, including Amazon founder Jeff Bezos.

In India, Ambani’s fortune rose from $ 18.3 billion to $ 76.9 billion when he made deals with other parties, to turn his giant “Railways Industries” group into a huge corporation involved in technology and electronic commerce.

And earlier this year, Facebook said it is currently investing $ 5.7 in low-cost Indian mobile internet company Reliance Geo, which is owned by Ambani.

However, Jack Ma’s fortune fell to $ 51.2 billion in October from $ 61.7 billion as the Alibaba empire faced increasing scrutiny from Chinese regulators.

Chinese authorities are now investigating Alibaba into allegations of monopoly behavior, while its subsidiary “Ant Group” was banned from listing its shares on the stock exchange in November.

Most of the new Chinese billionaires come from the tech industry. But growing tensions between China and the United States over Huawei, TikTok, and WeChat have also caused the market value of technology companies on the stock market to decline.