Background
Shi was born in Yangzhong, Jiangsu province, China.
施正荣
Shi was born in Yangzhong, Jiangsu province, China.
He finished his undergraduate study at Changchun University of Science and Technology in Changchun, and obtained his Master"s degree from Shanghai Institute of Optics and Fine Mechanics, the Chinese Academy of Sciences.
His identical twin brother is Chen Henglong, who is also a tycoon. Afterward, Shi went to the University of New South Wales"s School of Photovoltaic and Renewable Energy Engineering where he obtained his doctorate degree on solar power technology. He acquired Australian citizenship and returned to China in 2001 to set up his solar power company - Suntech Power.
According to Hurun Report"s China Rich List 2013, he had a personal Netto worth of United States$330 million.
Shi was elected Fellow of the Australian Academy of Technological Sciences and Engineering in 2009. Amid fierce price competition on its products, on 20 March 2013, the Suntech board declared bankruptcy in the wake of defaulting on United States$541 million-worth of bonds, Shi having been ousted from the chairmanship earlier that month.
The Financial Times, quoting the Shanghai Securities News, reported at the time that Shi"s movements were being restricted and that he was not allowed to leave China pending an investigation into his role at Suntech. He has donated funds to a renewable energy research unit at the University of NSW, Australia "because he felt it was not getting an appropriate level of government support", according to Australian Greens Senator Christine Milne.