Singapore’s wealthiest man is getting richer to the tune of more than US$1 billion a month this year, as the stock price of his medical devices company soared by almost 50 per cent amid the coronavirus pandemic.
The fortunes of Li Xiting, the co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, have risen by US$4.3 billion this year to US$13.5 billion, according to Bloomberg data, or an average of US$37.7 million every 24 hours. That makes Li, born in eastern China’s Anhui province, the wealthiest man in Singapore, where he has been a citizen since at least 2018.
