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Li Xiting

Li Xiting

L. Xiting
-0.14% | - $-15.27M
$11.09 B ₹ 1.01 Lk Cr
Real Time Net Worth #280 Ranking as of 21 Feb 2026 By Forbes

More on Li Xiting

Gender

Male

Age

74Y

Country

Singapore

Born On

March, 1951

Deceased

No

Relationship Status

Married

Children

1

Education

University Of Science And Technology Of China - Bachelor'S

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Medical Devices)

Primary Organization

Mindray

Titles

Co-Founder & Chairman

Sources of Wealth

Mindray

Industry

Healthcare, Medical Devices, Manufacturing

About Li Xiting


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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Quick Reads


  • Co-founder and Chairman of Mindray, China's largest medical device maker.
  • He is now a citizen of Singapore and is often ranked as the country's richest person.
  • Mindray produces a wide range of hospital equipment, including ventilators and patient monitors.
  • The company's sales soared during the COVID-19 pandemic due to high demand for ventilators.
  • He holds a degree in low-temperature physics.

Early Life and Background


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.

  • Shenzhen Mindray Bio-Medical Electronics (Co-founder & Chairman): The core publicly traded asset, a global supplier of medical devices (e.g., patient monitoring, life support, in-vitro diagnostics).
  • Medical Innovation: His success is built on scale manufacturing and R&D in essential medical devices. He successfully competed against major Western rivals (e.g., GE, Philips).
  • Singapore Citizenship: He became a naturalized citizen of Singapore (reflecting his international business operations).
  • Philanthropy: He is a major donor to medical education and disaster relief (donating to COVID-19 relief efforts globally).

Career Journey of Li Xiting


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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Li Xiting's Timeline


1974:

Graduates with a B.S. in Cryogenics from USTC (Academic Achievement).

1991:

Co-founds Mindray in Shenzhen (Founding).

2006:

Mindray executes its successful IPO on the NYSE (Financial Milestone 1).

2015:

Leads the privatization of Mindray (Strategic Transition).

2018:

Mindray executes a backdoor listing on the Shenzhen Stock Exchange (Financial Milestone 2).

Ongoing:

Continues as Chairman, guiding the global medical technology giant (Executive Oversight).

Major Business Ventures and Investments


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.

  • Shenzhen Mindray Bio-Medical Electronics (Co-founder & Chairman): The core publicly traded asset, a global supplier of medical devices (e.g., patient monitoring, life support, in-vitro diagnostics).
  • Medical Innovation: His success is built on scale manufacturing and R&D in essential medical devices. He successfully competed against major Western rivals (e.g., GE, Philips).
  • Singapore Citizenship: He became a naturalized citizen of Singapore (reflecting his international business operations).
  • Philanthropy: He is a major donor to medical education and disaster relief (donating to COVID-19 relief efforts globally).

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman and Co-founder of Mindray, a global leader in medical devices.
  • His company successfully executed an IPO on the NYSE and a later backdoor listing on the SZSE.
  • He became a naturalized citizen of Singapore.
  • He holds a degree in Cryogenics and was a visiting scholar at the University of Maryland.
  • His fortune surged during the COVID-19 pandemic due to ventilator and monitoring system demand.
  • He holds an estimated net worth of $18.6 billion (2024 estimate).
  • His wealth is tied to the successful globalization of affordable medical technology.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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