Li Xiting

$9.96 B

Ranked #323 in World

About Li Xiting

Li Xiting, co-founder of Mindray—China's leading medical equipment producer—has emerged as Singapore's wealthiest individual, with a net worth of $21.5 billion per Forbes April 2021. Born in Anhui, China, this University of Science and Technology alumnus transformed the healthcare technology landscape. His strategic direction propelled Mindray to an NYSE listing in 2006, amassing $270 million. The demand surge for ventilators during COVID-19 amplified Li's wealth, affirming his financial acumen and Mindray's pivotal role in global health.

Born

January 01, 1951

Age

75 years

Source Of Wealth

Medical Devices

Industries

Healthcare

Citizenship

Singapore

Residence

Shenzhen

Education

Bachelor of Science, University of Science and Technology of China

Li Xiting was born in 1951 in Dangshan County, Anhui, China. Information about his early years and childhood is not publicly available.

Li Xiting: Family

Details about Li Xiting's family background and personal life are not publicly known.

Li Xiting: Career Highlights

Li Xiting's career highlights include:

Co-founding Mindray, China's largest medical equipment manufacturer, in 1991.
Securing Mindray's first contract, a 360,000-yuan sale, at a medical equipment convention in the 1990s.
Leading Mindray's successful listing on the New York Stock Exchange in 2006, raising US$270 million.
Taking Mindray private in a US$1.9 billion deal in 2016.

Li Xiting: Companies

Li Xiting is associated with the following companies:

Mindray (co-founder, president, and co-CEO)

Li Xiting: Major Achievements

Li Xiting's major achievements include:

Building Mindray into China's largest medical equipment manufacturer.
Successfully listing Mindray on the New York Stock Exchange.
Taking Mindray private in a multi-billion dollar deal.
Becoming the richest man in Singapore with an estimated net worth of US$21.5 billion as of April 2021.

Li Xiting: Awards & Achievements

Information about Li Xiting's awards and achievements is not publicly available.

Li Xiting: Personal Life & Legacy

Li Xiting's personal life and legacy are not widely known. He moved to Singapore and became a naturalised citizen in 2018.

Li Xiting: Trivia

During the COVID-19 pandemic, Li Xiting's net worth increased by an estimated US$1 billion per month due to high demand for ventilators.

Wealth History

Timeline

1951

Li Xiting was born in Dangshan County, Anhui, China.

1991

Li Xiting, along with Xu Hang and Cheng Minghe, founded Mindray, a medical equipment manufacturer, in Shenzhen.

1990s

Mindray secured its first contract, a 360,000-yuan sale, at a medical equipment convention.

2006

Mindray listed on the New York Stock Exchange, raising US$270 million.

2016

Li Xiting and the other two co-founders of Mindray took the company private in a US$1.9 billion deal.

2018

Li Xiting moved to Singapore and became a naturalised citizen.

2020-2021

During the COVID-19 pandemic, Li's net worth increased by an estimated US$1 billion per month due to high demand for ventilators.

April 2021

Forbes estimated Li's net worth to be US$21.5 billion, making him the richest man in Singapore.

Li Xiting : FAQs

What is Li Xiting's current net worth?

Li Xiting's current net worth is $9.96 billion.

What is Li Xiting's current global rank among billionaires?

Li Xiting holds the 323rd position globally among billionaires.

What is Li Xiting's current ranking within the Singapore?

Li Xiting holds the 2nd position in Singapore.

What was the change in Li Xiting's net worth compared to the previous year?

Li Xiting's net worth decreased by 1.24 billion dollars compared to the previous year 2025, when his net worth was 11.19 billion dollars.

What is the recent change in Li Xiting's net worth?

Li Xiting's net worth decreased by 110.17 million dollars recently, a 1.11% decrease, with his net worth standing at 9.96 billion dollars.

What are Li Xiting's main sources of wealth?

Li Xiting's main source of income comes from Medical Devices.

In which industry does Li Xiting primarily operate?

Li Xiting is primarily involved in the Healthcare industry.

What is Li Xiting educational background?

Li Xiting holds a Bachelor of Science from the University of Science and Technology of China.

How old is Li Xiting?

Li Xiting is 75 years old.

Who is Li Xiting and what is he known for?

Li Xiting is the co-founder, president, and co-CEO of Mindray, which is China's largest medical equipment manufacturer. He is also recognized for becoming the richest man in Singapore with a net worth estimated at US$21.5 billion as of April 2021.

What are the educational qualifications of Mindray's co-founder Li Xiting?

Li Xiting graduated from the University of Science and Technology of China with a bachelor's degree in low temperature physics.

How did Li Xiting start his career in the medical equipment industry?

Li Xiting founded Mindray in Shenzhen in 1991, along with Xu Hang and Cheng Minghe, after working as a researcher in institutes in Wuhan, Hubei, and France.

Can you tell me more about Mindray's initial success in the medical equipment market?

Mindray, co-founded by Li Xiting, secured its first contract through a 360,000-yuan sale at a medical equipment convention in the 1990s, setting the company on a path to becoming China's largest medical equipment manufacturer.