Zong Qinghou, the Chinese soft drinks magnate who clashed with the French Danone group in one of the country’s highest-profile foreign investment disputes, has been named the mainland’s richest man with a personal fortune of $12bn.
According to the Hurun Rich List, which pioneered the ranking of China’s wealthiest people a decade ago, Mr Zong tops a list of 1,363 renminbi billionaires in China – up from 1,000 last year.
Mr Zong’s $12bn fortune means that he barely makes the top 50 richest people, when measured against the global list compiled by Forbes magazine.
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