Rank #240

Zong Qinghou

$8244.9B

Hangzhou, Zhejiang, China

Food & Beverage

Biography

Zong Qinghou turned privately-owned Hangzhou Wahaha Group into one of China's largest homegrown sellers of bottled water, teas and milk drinks.

Zong founded Hangzhou Wahaha as a store in a children's school in the city of Hangzhou in 1987.

Zong is an outspoken advocate of lower taxes to support economic growth in China.

His daughter Kelly is the heir apparent.