Zong Qinghou

Zong Qinghou (; 11 October 1945 – 25 February 2024) was a Chinese billionaire businessman, and the founder, chairman and CEO of the Hangzhou Wahaha Group, China's leading beverage company. As of March 2022, his net worth was estimated at US$8.7 billion. into a poor family in Zhejiang, and he had little formal education. Because of the family's poverty, Zong had to drop out of middle school. He eventually returned to Hangzhou, and only found menial work at a local school due to the low level of his education. In 1987, he targeted a minigrocery in a school in Shangcheng District,

Zong obtained independence from an early government partner by stressing his links with Danone.

The WHH joint venture entered into with Groupe Danone involved the inward investment of US$70 million in five joint venture companies Collaboration has grown into 39 joint venture entities by 2007.

Forbes named Zong as China's richest man in 2010. He was ranked as China's richest man in 2012 and second-richest in 2013, according to the China Rich List, published by Hurun Report.

Personal life

Zong served as a delegate to the Chinese National People's Congress from 2002 to 2018.

Zong was married to Shi Youzhen , and they had one child, a daughter, Fuli (Kelly) Zong . Shi was purchasing manager at Wahaha. Zong once held permanent resident status in the United States, which he had obtained to make it easier for him to travel to the country and look after his investments there. His daughter attended Pepperdine University in Southern California and was naturalized as a U.S. citizen, but later moved back to China and in 2007 began the procedure to renounce her U.S. citizenship. Zong gained wide support as he played the role of "David" against a French "Goliath" gobbling up Chinese companies. However, with the revelation of his green card in 2008, public perceptions changed and his reputation suffered. In 2013, he stated that because he did not re-enter the U.S. for several years, his status was thus deemed abandoned.

Tax evasion allegations Zong claimed to have been paid a salary of €3,000 and €100,000 annual allowances plus a bonus worth 1% of the annual profit of the joint ventures, totaling 70 million yuan of income every year.

Caijing reported in April 2008 that Zong was being investigated for allegedly evading taxes amounting to some ¥ 300 million. An investigator had alleged that Zong "...earned far more than this and hasn't fully reported the tax for years". Caijing implied there may have been less than transparent payments through a web of Hong Kong-registered accounts of Zong, Shi, daughter Fuli, and the former Party secretary of Wahaha, Du Jianying. Zong had apparently paid more than 200 million yuan in back taxes in October 2007, after the investigation kicked off. However, the magazine suspected Zong still owed millions more.

National Excellent Entrepreneur National Excellent Manager Model of Patriotism to Support the Armed Forces Outstanding Builder of Socialism with Chinese Characteristics The First Chinese Entrepreneurs Entrepreneurship Prize