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# 98 Li Xiting $16.5B

Random fact: Invests 10% of revenue into research and innovation.

Overview

Li is the chairman of Shenzhen Mindray Bio-Medical Electronics, a Chinese medical equipment maker. The Shenzen-based company had revenue of 25.3 billion yuan ($3.9 billion) in 2021. It has 14,000 employees and about one-quarter of them are in research and development. Its products are sold to more than 190 countries.

As of :
Last change +$215M ( +1.3%)
YTD change -$4.98B ( -23.2%)
Biggest asset 300760 CH Equity
Country / Region Singapore
Age 71
Industry Health Care
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Li Xiting's net worth of $16.5B 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 25.3 billion yuan ($3.9 billion) in 2021. It has more than 14,000 employees around the world and about one-quarter of them are in research and development, according to the company's website.

Li owns a 30% stake through onshore and offshore vehicles, according to the company's 2022 first-quarter report and an April 19, 2022 filing.

Cash holdings are valued based on an analysis of dividends, insider transactions, taxes and market performance.

Li Wenmei, a spokeswoman for the company, declined to comment on the net worth calculation.

Biography

Birthdate: 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.