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

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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