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Fortune in crisis: A ventilator tycoon has added $3.7 bn to his wealth

Shenzhen Mindray Bio-Medical Electronics shares have climbed 41 per cent, fueled by a surge in demand for the life-saving devices

Li Xiting
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Chairman Li Xiting, a Singapore citizen and the city-state’s richest man, has added $3.7 billion to his net worth this year and has a $12.7 billion fortune

Bloomberg
As the coronavirus pandemic wrecks economies, markets and fortunes, three founders of a company that makes ventilators have added a combined $7.3 billion to their wealth this year.

Shenzhen Mindray Bio-Medical Electronics shares have climbed 41 per cent, fueled by a surge in demand for the life-saving devices. Covid-19, the disease caused by the virus, has flooded hospitals worldwide with patients struggling to breathe.
 
Chairman Li Xiting, a Singapore citizen and the city-state’s richest man, has added $3.7 billion to his net worth this year and has a $12.7 billion fortune, according to the Bloomberg Billionaires Index. That puts him