This Guy Became China's Richest Man By Just Selling Water...Or Did He?
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- Опубліковано 5 тра 2024
- Zhong Shanshan became the richest person in Asia in January of 2021 with a peak net worth of a whopping $95 billion. Most of his wealth is from his water bottle company called Nongfu Spring which is extremely popular within China. However, just one year ago, Shanshan only had a net worth of $2 billion meaning that Shanshan made the vast majority of his wealth over the past year. Nongfu Spring did IPO within the last 12 months giving the stock some added hype, but Nongfu Spring is just a water bottle company at the end of the day, not Tesla or Apple. This brings up the question as to how Zhong Shanshan made his money. Though Nongfu Spring no doubt has a large amount of intrinsic value, it does seem like there is more affecting the company's stock price behind the scenes. This video explains the origins of Nongfu Spring and how Zhong Shanshan was able to grow the company into one of the most popular water bottle companies in China.
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Timestamps:
0:00 - The Water Billionaire
1:09 - The Beverage Industry
2:03 - Pre Nongfu Springs
4:49 - The Rise Of Nongfu Springs
6:56 - CCP & Billionaires
9:04 - Shanshan Overtakes Jack Ma
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I guess his share holders “liquidated” their shares.
Lmaooo
nice one
Being a billionaire in China is a fickle thing. You can see billionaires rising and falling meteroically all the time. It seems as though the main condition of finding wealth in China is playing ball with the CCP.
For sure!
Of course. The CCP having control of the nation & thus using that control to influence the world is their whole goal
@@LogicallyAnswered yeah while the west are owned by billionaires and banks. While the average people live on the streets.
@@whtdafuk1701 the average people doesnt live on the streets...
@@LogicallyAnswered Sorry but i can't agree with you. I understand that you don't have neither background in politics nor finance/economics. There are currently 698 Chinese billionaires compared to 724 billionaires in the US. China and the US each share around 20 of the worlds top 100 banks and makes india which has 2 look like a baby. Any research report from Deloitte, KPMG, McKinsey, MS, JPM, BX, BR etc would tell you why China is excelling in areas which the uneducated don't know about. Investments in green technology and carbon reduction are something the mainstream media doesn't about.
That was good storytelling. I started out selling lemonade - 5 cents a glass. By the time I was 8 the bottom had dropped out of the global lemon market and I was floundering. My father bought me out by reinstating my allowance. Well, the rest is history. My net worth? I can confidently say it’s less than $95 B.
Hahaha
I don’t get the joke. Please don’t r/whoosh me.
@@Think_Inc e.g u don't have any money yet u can say u have less than $1m
😂😂😂
@@jobanez4556 Right… XD
He took selling the water "seriously" very seriously
Please do a video on Koch industries and how it become the largest privately held company in the USA. Thank you🎉🎉🎉🎉
Great suggestion!
What other private held companies are there???? How much do you know of the koch's in politics
@@jphp952 1) Cargill 2) Deloitte 3) Aldi 4) Ikea 5) Mars etc
A lot of political connections especially to Bush😉😉😉
This is becoming my favorite UA-cam channel by far. Please keep making amazing content
5:35
the people behind these product designs are geniuses
Fr, it's really clean.
Bottled water is a gold mine biz.
costs 2, sell for 50.
Genius!
Really you have told everything in a wonderful way.
"he dropped out of elementary school"
ok
"by the age of 12"
wtf i was in 6th grade then
In many places, elementary school goes up until 6th grade
@@LogicallyAnswered in germany its till 4th grade
Oh wow, I’ve never heard about a system like that
egypt its till 6th too
In Tanzania East Africa it goes up to 7th grade
So basically jack talked too much for his own good 😌 speech 🎤 is silver, but silence is gold
I love the way you replied to every commenter🙂🙂🤗🤗🤗
I try my best to reply to everyone on the day I post
Massive fan of you dude been watching since you were 5k subs
Thank you sir!
CAP 🐀
Great journalism dude 🥰
I’m curious how zhong shan shan net worth is higher than both his listed company market cap . And nobody is questioning about this is even more weird.
He own Nongfu 84.4% and Wentai Pharmacy 75% his total net worth around 63-65 billion USD today
because water is the most important resource in life. People don't trust water from house. in fact many people in the US got rich selling water,purified water.
This Chinese man became Asia's richest man with this one simple trick.
Billionaires hate this man! Find out why
If you live in Asia you could be in for a big pay day!
Richest person of asia is mukesh ambani bro 😶 and he is not Chinese he is indian.
@@ayushkumarray3069 now he is, but for a brief period of time, Zong was the richest asian.
@@ayushkumarray3069 Its Because Of China Buisness Crack Down 2022 Will Be More Different 100% Chinese Billionaires Surpassed Mukesh Ambani
I don't know who needs to hear this but stop saving all your money, Invest some of it if you really want financial freedom.
@Kate Vivian what if you don't know how to trade any of these?
@@sophianatalie7755 I see your point some people have the money and are willing to invest question is where to?
this is 2021 people who are not even traders make money from the stock, Crypto and forex market
there are platforms where you Invest and trade your money.get paid your profit either weekly or monthly.Thats Investing
@@roseisabella1403 that's true
These videos are a blessing. Keep it up
Thank you for watching Zakaria!
Is it just me or is this text to speech software really good
It’s still one of the most bizarre that I feel doesn’t get enough press. I would never sell water but this did get me curious
Yay, I suggested this video a month ago. I didn’t think you’d actually make it.
Thanks for the suggestion Joshua! I wasn't sure if I wanted to cover the topic at first. But once I saw that he made all of his money by just selling water bottles, I knew I had to cover it haha!
this was a very interesting video!
3:50 People in US buy bottled water because they have lead pipes (at least I heard that with current stimulus government is to replace them with something else)
Ah! That would definitely be a legitimate reason to buy bottled water!
Great insights..however Zhong networth isnt totally about the Nongfu shareholding, he also owns a similar stake in his other pharma company Beijing Wantai..and Beijing Wantai made its debut out in there in the market and the IPO was well received..can the sudden increase be also as a function of the new company of his that was listed during 20's..though not denying the fact there may have been CCP role as you stated?
so all of that isnt
LIQUID MONEY
Hahaha, lmao 😂
Pretty, Underrated channel
Thank you., very informative., That is amazing to know Water will be the Best investment to be part of., or to invest our money into Water., 👏👏👏👏🙏👑💎💯👍⭐️🌟🤩🏆
this was so brilliantly put!!!!
problem with pump and dump is it is very hard to tie the action to another company or ccp. it may be as much a robin hood day traders, hedge fund as is a ccp pulling the string
Nice Video! I've actually drank a lot of their water before
Ah, why do you think they’re so popular?
@@LogicallyAnsweredi really don't know. I'd say their average compared to the other Chinese brands. Maybe it's just their popularity and marketing as you said in the video
@@cccheezy imo it's because they are the cheapest and available everywhere, literally within 50 meters of anywhere in a chinese city someone would be selling it, I don't know how they have this distribution. When I was in China I almost drank 4 bottles of it everyday, it was my primary source of drinking water.
before this video, i watched a video of how zhong shengshen got rich, which is by selling water. but your video is too eye opening to not subscribe to. I'm subscribing!!
Hatts to him
He lost his parents .
But he eventually succeeds all odds to be a business leader.
The greates entrepreneur.
Pani main rehkar magarmach se bair nahi karte
Zhong journey is very inspiring
Time to sell my own water
NOT HIM BEING CHENLES GRANDPA
It just means that investors in the Chinese Stock Market escaped during the crisis by trading Nongfu Spring shares.
Both Zhong Shanshan and Jack Ma are from and founded their companies in Hangzhou. There's gotta be something in the water there, and it ain't just minerals.
Water Money...
Hahaha, that’s right!
also he listed in hongkong stock exchange.
I need to finish the title:
This Guy Became China's Richest Man By Just Selling Water...Or Did He? [Vsauce music]
Hahaha, nice addition!
Hey! Vsauce! Michael’s not here! XD
Works for a massive bottling company - "I'm going to start one too".
Stock is the oldest online market we have done in the past years, We employ it because of the highest quality services it renders and how successful it is, today we now say crypto currency too, I'm just saying that people should develop the habit of investing.really helpful in life,,,.....
Mrs Muriel Siebert is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
Mrs Muriel Siebert has changed my financial status for the best.all thanks to my aunty who introduced her to me
Her success story is everywhere
A friend that I referred to her just received $7,050 profit after 10 days of investing....I became jealous.. lol
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $500 to invest and end up not even refunding your capital but she's a woman of integrity, with $500 she will tell you she can only make profit within the range of $4000 to $8,900 and she actually delivers.... she's great
Hello.
Any one there
Please how can I reach this Mrs Muriel Siebert I've already lost enough of money trading for myself
Wow. 👍👏
Smart ideas are priceless!!! Period
Nongfu was popular in 2010 and still is to this day
How did he make it
Very nice video
Great video as usual! Here's an absurdly abridged, simplified version of why Americans may continue to buy bottled water:
1) Lead contamination is found in almost 2,000 water systems across all 50 states, and most likely in US territories. Flint, Mic is a prime example.
2) There is a severe disparity in the sewage system for communities of color, like Cahokia Heights, Ill, where literal shit is backed up into their faucets. This was in 2021.
3) This is more speculation: if immigrated from a country where drinking water from the faucet could be deadly, you're more likely to continue purchasing bottled water as it was a habit.
With the distrust in our water system and fear of catching a deadly pathogen, it stands to reason why we buy bottled water.
I wonder is Coca Cola and Pepsi has the same market share now bc Chiba may be trying to put their national products first
being a billionaire in china is like making a deal with the devil, as long as you don't step out of line you can do anything
Yeah the devil provided him the Water by DHL🎉
Why I use bottled water: my local public water supply is rather ... bad. And I rent an apartment and can't install my own filter. At the quality I would like.
this will happen in future where we have to buy water
We already buy a water. Hydro bills every month
How can I talk to mark zogarperk
Dasani is popular?
Wow, its amazing that the world's leading bottled water industries combined not even reach his net worth. His water must be made of gold.🤔
Let's hope he doesn't go missing
O’Hare Air vibes
I only buy bottled water because I drive a truck. (Pretty sure) distilled water is best for people with those sleeping machines. Idk why anyone else uses bottled water though.
Not just water tho, it's like Chinese nestle
It's market cap is increasing day by day he now sits 75 billion
same thing goes on in USA - 1% pick winners - Themselves
Awesome
Canada look you can sell your bottle water as your oil.
Wow!!!! This Looks like the CCP's way of telling the world "we can make a billionaire or stop one if they will not bend to our will". No wonder Jack Ma was strangely compliant when he reappeared to the public. Makes me want to laugh & cry 🤣
I thought jack maa had net worth of 65
not really like you said, this guy don't only sell water，he invested much more in Biopharmacy area（first chinese HPV Vaccine）...... To some extent he was indeed much wiser than JACKma.
Started with water & the video about water so he sold water
Large portions of the US still have boil warnings. 3:55
Yeah I heard of him
Good ish
Doing business in China all depends on whether u have good relation with the government or not :) which is fucking sad
reminds me of Canada freezing bank accounts of their citizens.
also of Australia police riding horses and trampling on old women.
Toe the line like sheep or else....
that thumbnail though lool
There is a saying in Hindi
" Pani main rehkar magarmach se bair nahi karte"
When you live in water don't make crocodile your enemy
People here in India there could be huge market too.
Anyone interested please connect
His pharma company
20-21 the years of coincidence.
The commentator sounds like a robot
water and pharmaceutical company
* just * 2 billion dollar 😂😂😂😂
it must've feel great to be like Chenle
its CPC
Nice video lads
This will be a nice weekend binging what i miss
But there is something i dont understand.
The stock only rose 80-100% from 40$ to 70-80$ if Shanshan only have 2 Billion and lets say all of them is in stock his wealth will only increase from 2 to 4 or 5 billion and later fall back to 2 billion.
From this observation it just seems that CCP just literally gave Shanshan 90 ishBillions (in stock or in cash) which is quite bizzare for CCP, because that amount is very high even for them.
It seems CCP is sending a msg to every moguls in China.
Be Good and we will reward you.
Be Bad and we will punish you.
I should've clarified this in the video. Nongfu Spring was a private company till September of 2020. So, Zhong's initial surge in wealth from $2 billion to $50 billion can be explained by public investors valuing the company at a much higher PE ratio than private investors. Who knows though, maybe the CCP was the public investors haha!
@@LogicallyAnswered oh thats why, but still
The surge is just way to high for such company, not even nestle is that crazy.
Yeah CCP is obv sending a msg
@@manghariz2211 It helps that China has 1.4 Billion people.
Their water gave me a tummyache
Wow that was too much plastic waste😤😂
it is nothing but a numbers game! it is all smoke and screen.
Chinese billionaire comes & goes at a astonishing rate 🤣 even faster than the light 😂 kidding!
You've never gave me a heart 😪😭 but it's okay 😢
👏👏👏👏👏👏👏👏👏👏👏👏👏 pollution is good or filteration too bad
Air is also
After all Pollution not bad
Guessing he's just the front for something else
Lol I love this guy.
Alien: Dude, I have an idea we need to sell water to earth.
Alien2: What? They don't need renewable energy?
Alien: No they are drinking water that literally shortens their lifespan.
👽
Jack Ma only own 5% of his corporate empire.
So if ccp wants they can make anyone richest person in asia 🤔
I'm from the U.S. and I won't even brush my teeth with tap water from my sink... We've resorted to bottled water also... Now billionaires here have started the pathway to privitize natural water ways.
Why did his networth significantly drop though?
Because the stock of his company dropped 33%
@@LogicallyAnswered so did many Chinese stocks as the US is preventing Americans from buying them by banning them
Water in the USA isn’t as good as you think buddy. In the Los Angeles area the water is disgusting
AQUAMAN !😉
Shin shannnnnn
bottled water manufacturing should be globally illegal. imagine how quickly clean public water would become a priority.
Being "outspoken" and stupid at the same time is a recipe for disaster.
Hahaha!
It just shows how these guys are insecure about their power! Man! How can such a country lead the world when it becomes a superpower!!