Since Sep 2018 — when the brand raised US$963 million in its Hong Kong initial public offering (IPO) — Haidilao’s stocks have more than doubled. Zhang’s is an inspiring story of rags to riches: The 49-year-old is a self-made billionaire who built a hotpot empire from scratch, with the help of 3 good friends who agreed to invest in Haidilao during its early stages. One of them, Shu Ping, is now his wife. He comes from Jianyang, a rural province in Sichuan, and dropped out of high school to help earn money for his family. He worked as a welder in a tractor factory until 1994, when he emptied his savings to open the first Haidilao. 2. Robert & Philip Ng of Far East Organisation (net worth of $12.2 billion) #1 for the past 10 years (before 2019, of course), are the Ng brothers of Singapore’s largest private landlord and property developer, Far East Organisation, which was founded by their dad, Ng Teng Fong. Their empire was mostly built by their dad, … [Read more...] about How did the 5 richest people in Singapore make their fortune?