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
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