Zhong Shanshan Donates 100 Million Yuan to His Hometown High School in Zhuji
According to Xinhua News Agency, Zhong Shanshan, founder of Nongfu Spring and China's wealthiest person, has personally donated 100 million yuan to Zhuji High School in his hometown to establish the "Zhuji High School Zhong Ziyi Education Fund." Zhong's ancestral home is in Zhuji. The fund, financed by Zhong's privately-held companies, will be exclusively used to support student financial aid, teaching awards, and scholarships at Zhuji High School. Zhong Ziyi was Zhong Shanshan's grandfather.
Reports indicate that in October this year, Zhong Shanshan became China's richest person for the fourth time, setting a new wealth record with 530 billion yuan. He is the second Chinese entrepreneur, after Alibaba founder Jack Ma, to have topped the wealth list four times.