Coronavirus

Singapore’s richest tycoons ranked by Forbes see fortunes rise 25 per cent in a year as coronavirus boosts tech start-ups

singapore’s-richest-tycoons-ranked-by-forbes-see-fortunes-rise-25-per-cent-in-a-year-as-coronavirus-boosts-tech-start-ups

Singapore’s wealthiest tycoons saw their combined fortunes surge 25 per cent in the last year as the Covid-19 pandemic proved a boon for technology companies, according to Forbes Asia.The founder of ventilator maker Shenzhen Mindray Bio-Medical Electronics, Li Xiting, rode a wave of surging demand for medical equipment, to be crowned the richest person in the city state.The combined net worth of Singapore’s 50 richest people jumped to US$208 billion as of July 26, up from US$167 billion a year…

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