Hangzhou Wahaha Group Zong Qinghou
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China Beverage Giant Hangzhou Wahaha Group Vice-Chair & General Manager Zong Fuli Resigns 5 Months after Her Appointments with Shareholders Raising Questions on her Management, Zong Fuli is Daughter of the Late China Billionaire & Founder of Hangzhou Wahaha Group Zong Qinghou Who Died at Age 79 Earlier in 2024, Estimated Personal Fortune of $6 Billion

19th July 2024 | Hong Kong

China beverage giant Hangzhou Wahaha Group Vice-Chair & General Manager Zong Fuli has resigned 5 months (15/7/24) after her appointment, with shareholders raising questions on her management.  Zong Fuli is daughter of the late China billionaire & founder of beverage giant Hangzhou Wahaha Group Zong Qinghou who had died at age 79 (25/2/24).  In 1987, Zong Qinghou founded Hangzhou Wahaha Group (which means laughing child) with CNY 140,000 loan ($38,000).  In 2009, Zong Qinghou won control of a Hangzhou Wahaha Group business (joint venture) from France business partner Danone (Owns bottled water brands including Evian) with a $500 million buyout (80% control).  In 2012, Zong Qinghou became China’s richest man with more than $20 billion fortune.  In 2023, Zong Qinghou has an estimated personal fortune of around $6 billion.

“ China Beverage Giant Hangzhou Wahaha Group Vice-Chair & General Manager Zong Fuli Resigns 5 Months after Her Appointments with Shareholders Raising Questions on her Management, Zong Fuli is Daughter of the Late China Billionaire & Founder of Hangzhou Wahaha Group Zong Qinghou Who Died at Age 79 Earlier in 2024, Estimated Personal Fortune of $6 Billion “

 



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China Billionaire & Founder of Beverage Giant Hangzhou Wahaha Group Zong Qinghou Died at Age 79, Founded Wahaha Group in 1987 with CNY 140,000 Loan, Estimated Personal Fortune of $6 Billion, China Richest Man in 2012 with More than $20 Billion Fortune

Hangzhou Wahaha Group Zong Qinghou

2nd March 2024 – China billionaire & founder of beverage giant Hangzhou Wahaha Group Zong Qinghou had died at age 79 (25/2/24).  In 1987, Zong Qinghou founded Hangzhou Wahaha Group (which means laughing child) with CNY 140,000 loan ($38,000).  In 2009, Zong Qinghou won control of a Hangzhou Wahaha Group business (joint venture) from France business partner Danone (Owns bottled water brands including Evian) with a $500 million buyout (80% control).  In 2012, Zong Qinghou became China’s richest man with more than $20 billion fortune.  In 2023, Zong Qinghou has an estimated personal fortune of around $6 billion.




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