Li Xiting Net Worth

Li Xiting has an estimated net worth of $11.1 billion, according to Forbes Real-Time Billionaires, Li Xiting profile (figures as of October 20, 2026). That is up from $5.5 billion in 2019.

Li Xiting is a Singaporean business leader in healthcare. He is the cofounder and chairman of Shenzhen Mindray Bio-Medical Electronics, a medical device supplier based in Shenzhen. Before starting a company, he worked as a researcher between 1976 and 1987 in Wuhan, Hubei and France, including time as a visiting scholar at Paris-Sud University in the early 1980s. He also studied at the University of Science and Technology of China, where he earned an undergraduate degree.

His wealth comes from building Mindray into a major medical equipment maker. Li founded the business in 1991 with Xu Hang and Cheng Minghe after an earlier startup attempt at Shenzhen Anke High-tech Company. In the 1990s, he landed Mindray's first contract, a 360,000-yuan sale, at a medical equipment convention. The company later listed on the New York Stock Exchange in 2006, raising US$270 million, and its founders took it private in a US$1.9 billion deal in 2016.

How Li Xiting built his fortune

Li Xiting made his money in medical devices. He helped start Mindray in Shenzhen in 1991, and the company grew into a large medical equipment manufacturer. His early career was in research, not finance, with work in Wuhan, Hubei and France from 1976 to 1987. He also tried entrepreneurship at Shenzhen Anke High-tech Company, a partially state-owned business that became an early home-grown medical device developer in China.

Mindray's growth gave Li most of his wealth. A key early moment came in the 1990s, when he secured the company's first contract with a 360,000-yuan sale at a medical equipment convention. Mindray later went public in 2006 and raised US$270 million. In 2016, Li and the other cofounders took the company private in a US$1.9 billion deal. In 2024, Mindray also bought a 21% stake in APT Medical for more than $900 million.

What shaped the Forbes estimate

Forbes tracks Li in healthcare, tied to medical devices, and calls him self-made. His fortune rose sharply during the Covid-19 period as demand for hospital equipment climbed. Mindray was active during that time, donating $4.6 million worth of medical devices to hospitals in hard-hit areas such as Wuhan and northern Italy. Forbes valued Li at $21.5 billion in 2021, a peak among the figures listed here, after a fast jump from earlier years.

Since that high point, the Forbes estimate has moved lower. Forbes put his wealth at $12.8 billion in 2025, and the current reading is $11.1 billion on Forbes' real-time billionaires tracker as of October 20, 2026. Even with that pullback, Li remains one of the best-known fortunes linked to medical technology in Asia. His standing is still tied closely to Mindray, where he serves as chairman and helped shape the company's long expansion.