Buy traffic for your website
  • Save

Singapore’s richest man is getting $1 billion richer each month from selling ventilators

ventilators who
  • Save
REUTERS/Khaled Abdullah/File Photo

 

Singapore’s wealthiest man Li Xiting is already $4.3 billion richer this year. He’s now worth $13.5 billion, according to Bloomberg data. Xiting is the co-founder of a medical devices company, and he can thank his rising fortune from booming orders for medical equipment — particularly ventilators — as nations try to deal with the coronavirus.  A spokesperson told the South China Morning Post, about 100 countries had already made orders, including an order for 10,000 ventilators from Italy. Visit Insider’s homepage for more stories.

Singapore’s wealthiest man’s fortune has grown by about $1 billion a month this year from selling ventilators to nations trying to combat the coronavirus.

Li Xiting, who is the co-founder and chairman of a medical devices company called Shenzhen Mindray Bio-Medical Electronics, has had his fortune increase by $4.3 billion this year, according to the South China Morning Post, as the company’s stock price “soared” by almost 50%.See the rest of the story at Business Insider

NOW WATCH: Inside London during COVID-19 lockdown

See Also:

John Hopkins University, which has been instrumental in tracking the coronavirus globally, is expecting layoffs and furloughs due to the economic impact of the pandemicAn entire Ukrainian town had to be sealed off after dozens of people including priests were infected with COVID-19 at a famous monastery5 tigers, 3 lions, and 2 pet cats have all tested positive for the coronavirus in New York

SEE ALSO: China is experiencing a gold rush for surgical masks — more than 38,000 companies registered in 2020 to make or trade face masks. But mask quality and scams are now issues.

  • Save
  • Save
  • Save
  • Save

  • Save

Read more: feedproxy.google.com

Leave a Comment

Share via
Copy link
Powered by Social Snap