Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 182 Xu Hang $8.79B

Random fact: Studied computer science at China's Tsinghua University.

Overview

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.

As of :
Last change -$267M ( -3.0%)
YTD change +$3.81B ( +76.6%)
Industry Health Care
Biggest asset 300760 CH Equity
Citizenship Hong Kong
Age 57
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Xu Hang's net worth of $8.79B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

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.

Biography

Birthdate: 1/1/1962
Family: Unknown, No children
Education: China Europe International Business School, Tsinghua University, Tsinghua University

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.

Milestones
  • 1991 Xu starts Mindray with business partners.
  • 2006 Mindray begins trading publicly in New York.
  • 2016 A consortium takes Mindray private.
  • 2018 Mindray relists in Shenzhen through an initial public offering.