Li Xiting 李西廷 | |
---|---|
Born | 1951 (age 72–73)
Dangshan County,
Suzhou, Anhui, China |
Citizenship | Singapore (2018–present) China (1951–2018) |
Alma mater | University of Science and Technology of China ( BA) |
Occupation | Businessman |
Years active | 1991–present |
Title | Co-founder, president and co-CEO of Mindray |
Li Xiting ( Chinese: 李西廷; pinyin: Lǐ Xītíng; born 1951) is a China-born Singaporean billionaire business magnate. He is the co-founder, president and co-CEO of Mindray, China's largest medical equipment manufacturer. [1] [2]
Li was born in a rural village of his family name in Dangshan County in Suzhou, Anhui, China in 1951. [3] [4]
Li graduated from the University of Science and Technology of China with a bachelor's degree in low temperature physics. [5]
Between 1976 and 1987, Li worked as a researcher assisting scholars at institutes in Wuhan, Hubei and France, where he was a visiting scholar at Paris-Sud University in the early 1980s. [5] [4]
Li's first attempt at entrepreneurship was at Shenzhen Anke High-tech Company in Shenzhen, Guangdong, a partially state-owned enterprise set up by the Chinese Academy of Sciences (CAS) in the 1980s. The company would arguably become China's very first home-grown developer of medical devices, and launched the nation's first magnetic resonance imaging (MRI) scanner in 1989. [3]
Li founded medical equipment manufacturer Mindray in Shenzhen 1991 with Xu Hang and Cheng Minghe (成明和). [4]
Li secured Mindray's first contract, a 360,000- yuan sale, at a medical equipment convention in the 1990s. [3] [5]
Mindray listed on the New York Stock Exchange in 2006, raising US$270 million. [3]
In 2016, Li and the other two co-founders of Mindray took the company private in US$1.9 billion deal. [6] [7]
Li moved to Singapore, and became a naturalised citizen in 2018. [3]
During the COVID-19 pandemic, it was estimated that Li's net worth was increasing by US$1 billion every month as Mindray's stock price increased due to high demand for ventilators. [8] [9]
In April 2021, Forbes estimated Li's net worth to be US$21.5 billion, making him the richest man in Singapore. [1]
Li Xiting 李西廷 | |
---|---|
Born | 1951 (age 72–73)
Dangshan County,
Suzhou, Anhui, China |
Citizenship | Singapore (2018–present) China (1951–2018) |
Alma mater | University of Science and Technology of China ( BA) |
Occupation | Businessman |
Years active | 1991–present |
Title | Co-founder, president and co-CEO of Mindray |
Li Xiting ( Chinese: 李西廷; pinyin: Lǐ Xītíng; born 1951) is a China-born Singaporean billionaire business magnate. He is the co-founder, president and co-CEO of Mindray, China's largest medical equipment manufacturer. [1] [2]
Li was born in a rural village of his family name in Dangshan County in Suzhou, Anhui, China in 1951. [3] [4]
Li graduated from the University of Science and Technology of China with a bachelor's degree in low temperature physics. [5]
Between 1976 and 1987, Li worked as a researcher assisting scholars at institutes in Wuhan, Hubei and France, where he was a visiting scholar at Paris-Sud University in the early 1980s. [5] [4]
Li's first attempt at entrepreneurship was at Shenzhen Anke High-tech Company in Shenzhen, Guangdong, a partially state-owned enterprise set up by the Chinese Academy of Sciences (CAS) in the 1980s. The company would arguably become China's very first home-grown developer of medical devices, and launched the nation's first magnetic resonance imaging (MRI) scanner in 1989. [3]
Li founded medical equipment manufacturer Mindray in Shenzhen 1991 with Xu Hang and Cheng Minghe (成明和). [4]
Li secured Mindray's first contract, a 360,000- yuan sale, at a medical equipment convention in the 1990s. [3] [5]
Mindray listed on the New York Stock Exchange in 2006, raising US$270 million. [3]
In 2016, Li and the other two co-founders of Mindray took the company private in US$1.9 billion deal. [6] [7]
Li moved to Singapore, and became a naturalised citizen in 2018. [3]
During the COVID-19 pandemic, it was estimated that Li's net worth was increasing by US$1 billion every month as Mindray's stock price increased due to high demand for ventilators. [8] [9]
In April 2021, Forbes estimated Li's net worth to be US$21.5 billion, making him the richest man in Singapore. [1]