Zhong Shanshan, President of Hangzhou-based Nongfu Spring, has overtaken Alibaba's Jack Ma to become the nation's richest person, after a surge in his company's share price boosted his fortune to almost $60bn according to Bloomberg estimates. Zhong Shanshan's early career encompassed mushroom farming and the sale of erectile dysfunction pills. He also controls Wantai Biological Pharmacy Enterprise Co, a maker of hepatitis vaccines and Covid-19 test kits, and whose share price has risen more than 14 times since it listed in Shanghai in April.