There are many billionaires who make serious banks in different ways throughout this pandemic that the world is dealing with. Li Xiting, co-founder and president of a Singapore-based medical device company called Shenzhen Mindray Bio-Medical Electronics, has seen his fortune grow by about $ 1 billion a month this year, thanks to fans that his company manufactures and sells to countries attempting to treat coronavirus cases. Li's fortune has risen $ 4.3 billion overall this year so far as his company's shares posted a value gain of nearly 50%. This gives him a net worth of $ 13.5 billion, which is an increase of 47.7% in 2020 and an average of $ 37.7 million per day.
The demand for fans from his company is high, as they help COVID-19 patients breathe, as people's lungs are attacked by this deadly viral respiratory illness. The pandemic has exposed a terrifying shortage of fans. Companies from Ford to General Motors are rushing to help speed fan production. The Mindray representative said that the global demand for ventilators is at least 10 times greater than that available in hospitals. New York is less than a week from running out of supplies, according to Governor Andrew Cuomo. Li is reaping the benefits of the fact that there are not a lot of companies that currently create and produce fans because it is a very technical and specific process. Even with companies like Ford and GM stepping in to help, it takes time to increase production. In March, Shenzhen Mindray Bio-Medical Electronics received orders from more than 100 countries for its medical devices. Italy ordered 10,000 fans.
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As of this writing, there are over three million people who have contracted COVID-19. The death toll stands at 220,000, while 957,000 have recovered.
As mentioned at the beginning of this article, Li is not the only billionaire who has come out well in this pandemic. Have you noticed the price jump of the products on Amazon? Normally $ 26 hair products sell for $ 46. Normally, the deodorant for $ 4.50 sells for $ 26. Amazon has stated that it is against the price increase, but it is happening anyway and the wealth is also increasing Jeff Bezos' net.