Xu is a co-founder of Shenzhen Mindray Bio-Medical Electronics, a Chinese medical equipment maker. The Shenzen-based company had revenue of 13.6 billion yuan ($2.1 billion) in 2018. Its products, including patient monitoring and medical imaging devices, are found in almost 110,000 medical institutions around the world.
Xu Hang's net worth of $8.79B can buy ...
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Xu is the co-founder of Shenzhen Mindray Bio-Medical Electronics, a Chinese medical equipment maker. The Shenzen-based company reported revenue of 13.6 billion yuan ($2.1 billion) in 2018. Its products are found in almost 110,000 medical institutions, according to its website.
Xu owns a 28 percent stake through onshore and offshore vehicles, according to the company's semi-annual report for 2019.
A $305 million liability is applied, based on an analysis of a 2016 privatization loan as well as dividends, stock performance and tax.
Li Wenmei, spokeswoman of the company, declined to comment on the net worth calculation.
Born in 1962, Xu graduated from Tsinghua University with a bachelors degree in computer science and a masters degree in electrical engineering. He joined a medical equipment firm in Shenzhen in 1987 and worked there for about four years.
In 1991, he co-founded Mindray and the company began trading publicly in New York in 2006. A consortium led by Xu and co-founder Li took the company private a decade later.
Mindray relisted on the ChiNext board in Shenzhen in October 2018. It was the largest IPO to have occurred on the board at the time.