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.
Li Xiting's net worth of $16.5B 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 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.
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.