Status of the richest man in Singapore Li Siting (Li Xiting) increased by a billion dollars per month due to the growth of the pandemic in the fashion industry, demand for artificial lung ventilation (ALV) produced by his company, writes Business Insider.
Asian billionaire was able to cash in on the virus, every day his capital is increased by approximately 37.7 million dollars a day and has already reached 13.5 billion dollars, according t Bloomberg data. The businessman is the co-founder of Shenzhen Mindray Bio-Medical Electronics, which produces medical devices, including artificial lung ventilation. The value of the shares of the company soared nearly 50 percent on the background of the pandemic.
The demand for artificial lung ventilation has dramatically increased amid deterioration of the situation with the pandemic in the world. Devices help patients to breathe with COVID-19, whose lungs are affected with respiratory disease. Representative at Shenzhen Mindray Bio-Medical Electronics said that it has received orders from more than 100 countries, for example, ten thousand units ordered Italy.
The richest man in the world, Amazon founder Jeff Bezos in 2020 earned 24 billion dollars on the background of the pandemic coronavirus. The condition of two other businessmen of the top 3 dropped: Microsoft founder bill gates is poorer by $ 8.4 billion, and the head of the group of companies Louis Vuitton Moët Hennessy Bernard Arnault on 28 billion.