Zong’s family was China’s 31st richest with a fortune estimated at $13.1 billion in a 2023 report by Hurun Report. The Shanghai wealth-research firm in 2010 and 2012 put Zong on top of its ...

When Zong Qinghou – at one time the richest person in China – died in February at ... about three-quarters of the country’s family-owned companies reported succession issues, according ...