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.
Li Xiting's net worth of $12.7B can buy ...
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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.
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.