Singapore's richest man is getting $1 billion richer each month from selling ventilators - Business Insider

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Singapore's richest man is getting $1 billion richer each month from selling ventilators

Ventilators, recently provided by the World Health Organization, are pictured at the intensive care ward of a hospital allocated for the coronavirus patients amid preparation for any possible spread of the coronavirus disease , in Sanaa, Yemen April 8, 2020.Singapore's wealthiest man Li Xiting is already $4.3 billion richer this year. He's now worth $13.5 billion, according to Bloomberg data.

A spokesperson told the South China Morning Post, about 100 countries had already made orders, including an order for 10,000 ventilators from Italy.Singapore's wealthiest man's fortune has grown by about $1 billion a month this year from selling ventilators to nations trying to combat the coronavirus.

Demand for Shenzhen Mindray Bio-Medical Electronics' ventilators has boomed, as healthcare workers around the world struggle without enough to treat people. Ventilators — a medical device that helps patients breathe — are critical to treating COVID-19 patients whose lungs are assailed by the respiratory illness.to make masks in China this year alone — it's a small market since building ventilators is technical and highly specialized.

 

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We live in a capitalist country... we can’t be outraged by this or its hypocritical

Great time to make ventilators

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