Singapore’s wealthiest man is US$1 billion richer every month as Mindray’s ventilators fly off production line on Covid-19 demand

Singapore’s wealthiest man is getting richer to the tune of more than US$1 billion a month this year, as the stock price of his medical devices company soared by almost 50 per cent amid the coronavirus pandemic.The fortunes of Li Xiting, the co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, have risen by US$4.3 billion this year to US$13.5 billion, according to Bloomberg data, or an average of US$37.7 million every 24 hours. That makes Li, born in eastern China’s Anhui…

from South China Morning Post https://bit.ly/3cG6DkM