Zong Qinghou net worth: Zong Qinghou is a Chinese businessman who has a net worth of $11.6 billion which makes him one of the richest people in China. Zong Qinghou was born in Hangzhou, Zhejiang, PRC in October of 1945. Zong Qinghou completed secondary school, and then went to work at a salt farm near his mother's home. In the late 80s, he began selling milk to a mini-grocery. His milk operation grew to include selling soda, office supplies, and ice. Eventually it became the Hangzhou Wahaha Group, which is China's largest and most successful beverage supplier. The company was originally a joint venture with Group Danone, but Zong Qinghou, who was at this point the CEO of Wahaha, was accused of operating parallel companies and siphoning off money. He resigned his position as Chairman of the joint venture in 2007. He was China's richest man in 2010, and was widely viewed as a figure of Chinese success against European influences. However, of late, his reputation has been tarnished by the revelation that he had a European Green Card, and allegations of tax evasion.
Zong Qinghou Net Worth
Have something to add to this net worth? Share it by adding comments below.
Date of Birth
Oct, 1945 (70 years old)
Would You Rather Have $100k Or Own 10% Of Nike? This NBA Player Chose... Poorly.on Feb 8, 2016
Marshawn Lynch Hasn't Spent A Dime Of His $50 Million NFL Salaryon Feb 8, 2016
31-Year-Old Mark Zuckerberg Is Now The 4th Richest Person In The Worldon Feb 4, 2016
Cam Newton Vs. Peyton Manning: Who's Making The Bigger Bucks?on Feb 6, 2016
Is Vladimir Putin Secretly Sitting On A $200 Billion Fortune?on Feb 8, 2016
Jeff Beacher Offers $90 Million For Playboy Mansion, Hef And Allon Feb 9, 2016
Five Extremely Rich Hollywood Familieson Feb 4, 2016
The 10 Most Expensive TV Shows Ever Madeon Feb 10, 2016
Boxing Legend Mike Tyson Pays $2.5 Million For Huge Las Vegas Mansionon Feb 8, 2016
Saudi Billionaire Trying To Use Diplomatic Immunity To Get Out Of Potentially VERY Expensive Divorceon Feb 9, 2016
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
- Everything You Need To Know From Super Bowl 50Another NFL season has come and gone. This Super Bowl was a lot of fun for fans of defense, and probably for Beyonce fans, too. In case you missed any of the action, here are the highlights from the game.
- Are Elizabeth Holmes And Her Revolutionary Blood Testing Company Running Out Of Time?Last fall, Elizabeth Holmes, billionaire CEO of Theranos, Inc. faced some serious heat when it was revealed that her innovative method of testing blood wasn't all it was cracked up to be. Months later, there still aren't any answers. Is time running out for Theranos and Elizabeth Holmes?
- "Bankrupt" 50 Cent Angers Creditors By Flaunting Cash On Social MediaHow did 50 Cent go from being one of the most successful rappers and business moguls in the world to having creditors pick apart his dwindling fortune? We break the story down for here.
- Rita Ora Slapped With A $2.4 Million Lawsuit From Roc NationRita Ora recently sued Roc Nation for over $2 million for leaving her music career in the dust. Now, Roc Nation is hitting the 25-year-old with a lawsuit of their own.