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Wahaha chief loses mantle

This article was originally published in Foodnews

ZONG Qinghou, the owner of Chinese beverage group Wahaha, has slipped from first to second in a list of China’s richest men produced by Huran Report. Qinghou has a fortune of USD10.7 billion, not enough to prevent Liang Wengen, chairman of construction firm Sany with a fortune of USD11 billion, taking top spot. Yan Bin, whose company Ruoy Chai International Group has exclusive distribution rights for Red Bull energy drinks, was fourth with USD7.8 billion. China now has 271 US dollar billionaires, up from 189 in 2010.

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