Wahaha Founder Zong Qinghou, Once China's Richest Man, Passes Away

Zong Qinghou, a prominent figure in China's business landscape and founder of the Wahaha conglomerate, has passed away at the age of 79, according to reports by Deutsche Welle.

Renowned for his rags-to-riches story, Zong was recognized as China's wealthiest individual by Forbes magazine in 2010, with an estimated fortune of $8 billion. I Photo: CGTN

Zong's entrepreneurial journey began in 1987 when he established the Wahaha conglomerate, which later became known for its extensive range of bottled water, soft drinks, tea, and various other products distributed widely across China.

Renowned for his rags-to-riches story, Zong was recognized as China's wealthiest individual by Forbes magazine in 2010, with an estimated fortune of $8 billion (€7.4 billion).

Despite his immense wealth, Zong maintained a modest lifestyle, claiming to live on an annual income of less than $6,000, citing influences from the teachings of Mao Zedong.

Under Zong's leadership, Wahaha expanded its product line to include baby milk and clothing. In 2021, Zong transitioned to a more advisory role within the company, appointing his daughter, Zong Fuli, as vice chairperson and general manager.

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