Subscribe to Forbes AsiaShi Xu Illustration by Forbes AsiaThis story is part of Forbes' coverage of Singapore’s Richest 2021. Academic-turned-entrepreneur Shi Xu joins the list for the first time with a net worth of $1.8 billion following the IPO of his firm Nanofilm Technologies International. The 57-year-old founder and executive chairman raised more than S$470 million ($349 million) last October in Singapore’s biggest listing in four years excluding REITs. The company, whose clients include Fuji Xerox, Huawei and Microsoft, has 1,400 employees across China, Japan, Singapore and Vietnam. He and his wife Jin Xiao Qun, an assistant vice president at the company, moved to Singapore from China in 1991.

Source: Forbes August 11, 2021 21:21 UTC