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Bottled Water Seller Becomes China’s Richest Man

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The owner of China’s largest bottled water maker has overtaken Alibaba’s Jack Ma to become China’s richest man, the Bloomberg Billionaires Index showed Thursday.

According to Financial Times, Nongfu Spring founder Zhong Shanshan’s net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong, according to Bloomberg estimates that makes him richer than Mr. Ma, whose fortune dipped to $56.7bn after shares in e-commerce group Alibaba fell 0.9 percent in New York on Wednesday.

This makes him $2 billion richer than previous number one, Alibaba founder Jack Ma, the wealth index said.

Zhong’s Nongfu Spring, which claims to be number one in China’s massive bottled water market, is ubiquitous across a country where most people shun tap water for health reasons.

The company raised nearly $1.1 billion in its initial public offering.

Zhong is also the chairman of Beijing Wantai Biological Pharmacy Co. Ltd., a vaccine manufacturer listed on the mainland in April.

It is developing a Covid-19 vaccine nasal spray in conjunction with a prominent university.

Zhong, a 66-year-old former reporter from Zhejiang who state media say was also once a construction worker, is often referred to by Chinese media as a “lone wolf” for his rare public appearances and reluctance to be interviewed.

He founded Nongfu in 1996, just as China’s bottled water market began to take off.

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Elon Musk Threatens Financiers of Attacks Against Tesla with Prison

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Tesla CEO, Elon Musk, has vowed that those who financed the attacks against Tesla will go to prison.

Last month, multiple Tesla vehicles were set ablaze in Las Vegas.

Musk condemned the act, calling it an “evil attack.”

Eventually, U.S. Attorney General Pam Bondi announced charges against three people responsible for setting Tesla properties on fire in Las Vegas.

Bondi described the violent attacks on Tesla property as “nothing short of domestic terrorism.”

However, several weeks after the incident, Musk revealed in a tweet on X that those who financed the attacks against Tesla will go to jail.

“Those who financed the attacks against Tesla will go to prison,” Musk tweeted on Tuesday.

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‘Hands off’: Millions of People Join Protests Against Trump and Elon Musk Across All US States

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Millions of people took part in protests against President Donald Trump and Elon Musk across all 50 states and globally on Saturday, organized by a pro-democracy movement over “hostile takeover” and attack on American rights and freedoms.

According to CNN, over 1,400 “Hands Off!” mass-action protests were held at state capitols, federal buildings, congressional offices, Social Security’s headquarters, parks and city halls throughout the entire country – anywhere “we can make sure they hear us,” organizers said.

“Hands Off!” demands “an end to this billionaire power grab.”
“Whether you are mobilized by the attacks on our democracy, the slashing of jobs, the invasion of privacy, or the assault on our services – this moment is for you,” the event flyers state. “We are setting out to build a massive, visible, national rejection of this crisis.”

Nearly 600,000 people had signed up to attend the events, some of which took place in major cities like London and Paris, according to Indivisible, one of the organizations leading the movement in collaboration with a nationwide coalition that includes civil rights organizations, veterans, women’s rights groups, labor unions and LGBTQ+ advocates.

Organizers say they have three demands: “an end to the billionaire takeover and rampant corruption of the Trump administration; an end to slashing federal funds for Medicaid, Social Security, and other programs working people rely on; and an end to the attacks on immigrants, trans people, and other communities.”

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Jonathan Wins 2025 Sunhak Peace Prize, Tinubu Reacts

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By Eric Elezuo

Following the pronouncement of former President Goodluck Jonathan as the winner of the 2025 Sunhak Peace Prize, President Bola Tinubu has sent his hearty congratulations.

In a statement signed by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, the President acknowledged Jonathan’s pro-democracy stand, and efforts across the globe to sustain democratic principles. He noted that Jonathan has been a consistent advocate for “peace, harmony, and communality, a patriotic endeavour that has earned him global recognition”.

While thanking the organizers of the Prize for recognizing the ‘efforts of those working hard to improve the world’, he recalled Jonathan’s 2015 act of singular supervising the transition of power to an opposition government, stressing that “it bolstered the nation’s democratic profile”.

The statement in details:

“President Bola Tinubu congratulates former President Goodluck Jonathan on winning the 2025 Sunhak Peace Founders’ Award.

“President Tinubu applauds the former President for his consistent advocacy for peace, harmony, and communality, a patriotic endeavour that has earned him global recognition.

“The President states that Dr Jonathan’s winning the Sunhak Peace Award affirms his bold efforts in peacebuilding and promoting democracy in Africa and beyond.

“The President recalls the former President’s historic acceptance of the results of the 2015 presidential election and his peaceful handover of power to an opposition party, which bolstered the nation’s democratic profile.

“President Tinubu celebrates this landmark achievement with former President Jonathan and thanks the Sunhak Peace Prize Committee for recognising the efforts of those working hard to improve the world.”

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