Bloomberg Billionaires Index

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# 156 Li Xiting $9.77B

Random fact: Products are supplied to two-thirds of U.S. hospitals.

Overview

Li is the chairman 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 -$12.8M ( -0.1%)
YTD change +$4.47B ( +84.4%)
Industry Health Care
Biggest asset 300760 CH Equity
Citizenship Singapore
Age 68
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Li Xiting's net worth of $9.77B 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:

Li is the chairman 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.

Li owns a 31 percent stake through onshore and offshore vehicles, according to the company's 2019 semi-annual report.

A $500 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: 1/1/1951
Family: Unknown, No children
Education: University of Science & Technology of China

Born in 1951, Li graduated from the University of Science and Technology of China with a bachelors degree in low temperature physics. He worked as a researcher and would assist scholars at institutes in Wuhan, China and France between 1976 to 1987. Li then spent about fours years working at a medical equipment firm in Shenzhen.

In 1991, he started Mindray and the company became publicly traded in New York in 2006. Li and a consortium took the company private about 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 Li 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.