Bloomberg Billionaires Index

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

# 477 Xue Min $5.43B

Random fact: Started operations in Houston, Texas in 2013.

Overview

Xue is the controlling shareholder of Shanghai United Imaging Healthcare Co., a manufacturer of medical imaging equipment. The Shanghai-based company reported revenue of 7.3 billion yuan ($1.1 billion) in 2021. It operates in at least eight countries outside of China including Japan, the US, Australia and South Africa.

As of :
Last change -$44.3M ( -0.8%)
YTD change +$315M ( +6.2%)
Biggest asset 688271 CH Equity
Country / Region China
Age 66
Industry Health Care
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Xue Min's net worth of $5.43B 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:

Xue's wealth is derived from a stake in Shanghai United Imaging Healthcare Co., a Chinese medical imaging equipment developer and manufacturer. It has operations in at least eight other countries including Japan, the US, Australia and South Africa, according to the company's website.

Xue holds 24% of the shares through three limited partnership vehicles, according to the company's 2022 third-quarter report.

A liability is applied based on a Bloomberg analysis of historical transactions, dividends and stock performance.

Tao Cai, a spokesperson for the company, didn't respond to a request for comments on Xue's net worth.

Biography

Birthdate:
Family: Unknown, No children

Born in 1957 in Hubei, China, Xue studied physics at Fudan University.

He received a PhD degree in bio-medical engineering from Case Western Reserve University/Cleveland Clinic Foundation USA, according to the company's initial public offering prospectus.

He returned to China in 1998 to set up a medical equipment business in Shenzhen. He was motivated by the country's reform and opening-up policies, according to an interview published on the Arab Health website.

Xue founded Shanghai United Health Imaging in March 2011 and the business started trading on the Shanghai Stock Exchange in August 2022.

Milestones
  • 1957 Xue is born in Hubei, China.
  • 2011 Shanghai United Imaging Healthcare iss incorporated.
  • 2021 Starts operations at its production base in Wuhan.
  • 2022 Begins trading on the STAR board of the Shanghai Stock Exchange.