L i Xiting is the co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, a global giant in the medical device industry. After working as a researcher for a state-owned medical technology company, Li, along with his partners, founded Mindray in 1991. They started the company with the goal of producing high-quality yet affordable medical equipment, initially focusing on patient monitoring systems. Through a combination of in-house research and strategic acquisitions, they rapidly expanded their product line to include a vast array of devices, such as defibrillators, anesthesia machines, and in-vitro diagnostic instruments.
Mindray has grown to become China's largest medical device manufacturer and a formidable competitor to established Western players like Philips and GE Healthcare. The company's global footprint expanded significantly, with its products sold in over 190 countries. The COVID-19 pandemic created unprecedented demand for Mindray's ventilators, causing the company's revenue and stock price to surge dramatically. This propelled Li Xiting, who became a citizen of Singapore in 2018, to the top of the country's rich list, underscoring the critical role his company plays in global healthcare infrastructure.
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Li Xiting is a Singaporean businessman, the self-made billionaire Co-founder, Chairman, and former CEO of Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (SZSE: 300760), a global leader in medical devices and patient monitoring systems. Born in Anhui Province, China, in 1951, his career is rooted in elite science and technology.
Li holds a Bachelor of Science degree in Cryogenics from the University of Science and Technology of China (USTC) in 1974. His career began as a visiting scholar at the University of Maryland in the U.S., where he gained crucial exposure to Western medical technology. His philosophical commitment centers on innovation, quality control, and providing affordable, high-quality medical devices globally.
Li Xiting co-founded Mindray in 1991 with two partners. His strategic genius was his commitment to technological excellence at an affordable price, recognizing the massive global demand for cost-effective medical equipment. Under his leadership, Mindray expanded aggressively, successfully executing its IPO on the NYSE in 2006 and later executing a backdoor listing on the Shenzhen Stock Exchange (2018).
His structural contribution is immense: providing foundational medical technology to developing nations and driving the globalization of Chinese medical manufacturing. His wealth, estimated at $18.6 billion (2024 estimate), is secured by the colossal, long-term, stable profitability of the global medical device sector (amplified by the COVID-19 pandemic demand for ventilators and monitoring systems).
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Graduates with a B.S. in Cryogenics from USTC (Academic Achievement).
Co-founds Mindray in Shenzhen (Founding).
Mindray executes its successful IPO on the NYSE (Financial Milestone 1).
Leads the privatization of Mindray (Strategic Transition).
Mindray executes a backdoor listing on the Shenzhen Stock Exchange (Financial Milestone 2).
Continues as Chairman, guiding the global medical technology giant (Executive Oversight).
Li Xiting's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded medical technology giant, Shenzhen Mindray Bio-Medical Electronics (SZSE: 300760), and his private investments.
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Li Xiting's social impact is massive and humanitarian, tied to Mindray's role in providing essential patient monitoring and life support systems (ventilators) to healthcare systems globally, particularly during the COVID-19 pandemic. The company provides thousands of stable R&D and manufacturing jobs.
His personal philanthropy supports various medical research and educational initiatives. His structural contribution is tied to the successful industrialization of high-quality, affordable medical technology in China.
Li Xiting maintains the professional, pragmatic style of a technology executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the specialized medical technology sector.
Residing in Shenzhen, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to medical technology innovation, strategic management, and the long-term, stable growth of the healthcare supply chain.
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+0.06% | +$2.44M
-0.34% | -$6.66M
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