Li Xiting is Currently the Wealthiest Individual in Singapore, with a Net Worth of $ 15 Billion

As Singapore grapples with a decelerating economy, marked by a modest growth projection due to sluggish exports and a decline in manufacturing output, recent reshufflings in top positions have drawn attention. Despite these economic headwinds, the collective wealth of Singapore’s 50 wealthiest individuals has seen an uptick.

Li Xiting is currently the wealthiest individual in Singapore, with a net worth of approximately $15 billion. Li is renowned as the cofounder and chairman of Shenzhen Mindray Bio-Medical Electronics, a prominent supplier of medical devices headquartered in Shenzhen. Mindray, established in 1991, has gained significant recognition in the industry. Li’s cofounder and fellow director, Xu Hang, also boasts billionaire status.

Educated at the University of Science and Technology of China, Li’s journey exemplifies entrepreneurial prowess and strategic leadership in the medical technology domain amidst challenging market landscapes.

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