Jack Ma dethroned as China's richest - 'Lone Wolf' Zhong Shanshan moves up

Nongfu Spring founder Zhong Shanshan's (right) net worth reached US$58.7 billion on Sept 23, US$2 billion more than Jack Ma's. - Reuters

BEIJING (Bloomberg): A bottled-water and vaccine tycoon has become China's wealthiest person in a day also marked by massive losses among the world's tech elite.

Zhong Shanshan's net worth reached US$58.7 billion on Wednesday (Sept 23), US$2 billion more than Jack Ma's, according to the Bloomberg Billionaires Index.