Beverage tycoon Zong Qinghou regained his position as China's richest man this year, Forbes magazine said Friday, but the global economic slump took its toll on other billionaires.
Beverage tycoon Zong Qinghou has regained his position as China's richest man this year with a fortune of $10 billion, says Forbes magazine. A similar list released last month by the China-based Hurun Report also crowned Zong as China richest, but put his wealth at $12.6 billion.
Zong, who heads soft-drink producer Wahaha, has a fortune of $10 billion, according to the magazine's annual ranking of China's 400 richest, helping him win back the position he lost last year as his wealth rose by $3.5 billion.
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