Renowned Chinese entrepreneur Zong Qinghou, the visionary behind the successful Wahaha conglomerate, has died at the age of 79 after an unsuccessful battle with illness, as announced by his company on Sunday.

Zong's entrepreneurial journey embodies the epitome of a rags-to-riches story. Born in modest circumstances, he embarked on his entrepreneurial path relatively late in life, establishing Wahaha in 1987. The conglomerate quickly gained prominence for its diverse portfolio encompassing bottled water, soft drinks, tea, and various other consumer products, becoming a household name across China.

Despite facing initial hardships, including reportedly sleeping under a bridge in Beijing due to financial constraints, Zong's perseverance and business acumen propelled Wahaha to remarkable success. By 2010, he had secured the top spot on Forbes' list of China's wealthiest individuals, amassing a fortune estimated at $8 billion.

Zong's humility and adherence to frugality remained remarkable throughout his life, despite his immense wealth. He famously claimed to live on a modest annual income of less than $6,000, citing the influence of Mao Zedong's teachings on his lifestyle choices.

Last year, Zong relinquished active involvement in Wahaha, appointing his daughter, Zong Fuli, as vice chairperson and general manager. Under his leadership, the company expanded its production lines to include essential commodities like baby milk and clothing, further solidifying its market presence.

Zong Qinghou's legacy as a pioneering figure in China's business landscape is indelible, leaving behind a thriving conglomerate and a testament to the power of perseverance and entrepreneurial spirit. As news of his passing reverberates across the business community, tributes pour in, honoring his remarkable achievements and enduring impact.