NetWorth
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Xiting
L
Rank #366
SINGAPORE•Healthcare•Medical devices

Li Xiting

Net Worth
$9.389B
+2.47% (24h)
Li Xiting is a Chinese-born Singaporean billionaire, co-founder, and chairman of Shenzhen Mindray Bio-Medical Electronics Co., Ltd., a leading medical device manufacturer. His estimated net worth is $11.1 billion. Born in China, he earned a degree in low-temperature physics and worked as a researcher before venturing into entrepreneurship. Li's career highlights include founding Mindray in 1991, leading its expansion, and guiding the company's public listing. His wealth source is primarily from his stake in the medical device industry. He is known for his philanthropy and commitment to innovation.

How to read Li Xiting's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Li Xiting, we anchor the narrative to Medical devices and Medical devices, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $9.389B alongside global rank #366, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (SINGAPORE) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Li Xiting was born in 1951 in Dangshan County, Anhui Province, China. He grew up in a rural area during a time of economic hardship. At age 18, he joined the People's Liberation Army. He later pursued higher education, graduating with a bachelor's degree in low-temperature physics from the University of Science and Technology of China in 1976.

Rise to Success

After graduation, Li worked as a researcher at various institutions before joining Anke Technology in 1987. In 1991, Li co-founded Mindray with seven colleagues. Mindray started by producing affordable medical monitors. Under Li's leadership, Mindray expanded its product line and achieved international certifications. The company went public on the New York Stock Exchange in 2006, and later relisted on the Shenzhen Stock Exchange. The COVID-19 pandemic significantly increased the demand for Mindray's medical equipment, boosting Li's wealth.

Key Business Strategies

Li's success is attributed to Mindray's commitment to innovation and quality. The company invests a significant portion of its revenue in research and development. Mindray also expanded through strategic acquisitions, such as Datascope in 2008. Li emphasized teamwork and determination as key factors in his success.

Philanthropy

Li is known for his philanthropy, particularly in education. He has donated millions to his alma mater, the University of Science and Technology of China (USTC). In 2024, he established a fund to support talent cultivation and scientific research at USTC. Mindray, under Li's leadership, also donated medical devices during the COVID-19 pandemic.

Career Timeline

2018

Became a Singaporean Citizen

Became a naturalized citizen of Singapore.

2006

Mindray IPO

Led Mindray's initial public offering on the New York Stock Exchange.

1991

Co-founded Mindray

Co-founded Mindray Bio-Medical Electronics Co., Ltd. in Shenzhen, China.

1976

Graduated

Graduated from the University of Science and Technology of China with a degree in low-temperature physics.

Philanthropic Impact

Education$16.8M

Li Xiting Fund

Established the Li Xiting Fund at the University of Science and Technology of China (USTC) to support talent cultivation and scientific research.

Education$0.67M

Donation to USTC

Donated to his alma mater, the University of Science and Technology of China, to support academic development and talent cultivation.

Healthcare$4.6M

COVID-19 Relief

Mindray, chaired by Li Xiting, donated medical devices to hospitals worldwide during the COVID-19 pandemic.

Key Business Ventures & Holdings

CompanyStakeValue
Mindray Bio-Medical Electronics Co., Ltd.28.00%$3.108M

Net Worth History

In-Depth Analysis

Early Life

Li Xiting was born in 1951 in Dangshan County, Anhui Province, China. He grew up in a rural area during a time of economic hardship. At age 18, he joined the People's Liberation Army. He later pursued higher education, graduating with a bachelor's degree in low-temperature physics from the University of Science and Technology of China in 1976.

Rise to Success

After graduation, Li worked as a researcher at various institutions before joining Anke Technology in 1987. In 1991, Li co-founded Mindray with seven colleagues. Mindray started by producing affordable medical monitors. Under Li's leadership, Mindray expanded its product line and achieved international certifications. The company went public on the New York Stock Exchange in 2006, and later relisted on the Shenzhen Stock Exchange. The COVID-19 pandemic significantly increased the demand for Mindray's medical equipment, boosting Li's wealth.

Key Business Strategies

Li's success is attributed to Mindray's commitment to innovation and quality. The company invests a significant portion of its revenue in research and development. Mindray also expanded through strategic acquisitions, such as Datascope in 2008. Li emphasized teamwork and determination as key factors in his success.

Philanthropy

Li is known for his philanthropy, particularly in education. He has donated millions to his alma mater, the University of Science and Technology of China (USTC). In 2024, he established a fund to support talent cultivation and scientific research at USTC. Mindray, under Li's leadership, also donated medical devices during the COVID-19 pandemic.

Data Sources & Methodology

Figures for Li Xiting are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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