Most Active Stories
- Carl Kasell Announces Retirement: Here Are 3 Things You Might Not Know About Him
- The Duke Porn Star: Three Waves Of Internet Shaming
- Durham-Chapel Hill Light Rail Project: Where Those Rails Might Go
- 'High School Is Not Easy. It's Not'
- NC County Will Trade Vintage Bonnie And Clyde Style Machine Guns For New Weapons
Hosts, Reporters and Producers
Fri September 7, 2012
The Last Word In Business
Originally published on Fri September 7, 2012 10:15 am
STEVE INSKEEP, HOST:
And today's last word in business comes from China, and the word is: Wahaha. That's the name of China's third-largest beverage company. It sells soda, juice and other bottled drinks.
RENEE MONTAGNE, HOST:
The name means laughing children. It turned out the man who runs it is the one with the most to laugh about.
INSKEEP: Zong Qing Hou is now the richest man in China, according to Bloomberg billionaire's index, which calculated his net worth to be $21.6 billion.
MONTAGNE: He founded Wahaha 25 years ago with a $22,000 loan. Last year, the company earned about $11 billion in revenue.
INSKEEP: Laughing all the way to the bank - Wahaha.
MONTAGNE: And that's the business news on MORNING EDITION, from NPR News. Transcript provided by NPR, Copyright NPR.