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Li Cityng (Li Xiting)
Li Cityng (Li Xiting)

Biography

2020: Enrichment on deliveries of IVL

On April 24, 2020 it became known that the status of the richest person in Singapore Li Xiting increased by one billion dollars in a month thanks to growth against the background of a pandemic of a coronavirus of demand for the medical ventilators (IVL) made by his company.

The Asian billionaire could profit on a virus, every day its capital increases approximately by 37.7 million dollars a day and already reached 13.5 billion dollars, data of Bloomberg demonstrate. The businessman is a cofounder of Shenzhen Mindray Bio-Medical Electronics company which makes medical devices, including IVL. The share value of firm flew up almost for 50 percent in connection with a pandemic.

Demand for IVL sharply increased because of deterioration in a situation with spread of a coronavirus in the world. Devices help to breathe to patients with COVID-19 whose lungs are affected with a respiratory disease. The representative of Shenzhen Mindray Bio-Medical Electronics said that the company received orders from more than 100 countries, for example, ten thousand devices were ordered by Italy.

The richest person of the planet, the founder of Amazon Jeff Bezos in 2020 earned 24 billion dollars against the background of a coronavirus pandemic. The status of two other businessmen from top-3 was reduced: the founder of Microsoft Bill Gates grew poor for 8.4 billion dollars, and the head of Louis Vuitton Moët Hennessy group Bernard Arnault — on 28 billion[1].

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