Singapore S Richest Man Makes 1 Billion Per Month This Year From Sales Of Ventilators To Combat Covid 19

The demand for his company’s ventilators is high, as they help COVID-19 patients breathe, since people’s lungs are attacked by this viral and deadly respiratory illness. The pandemic has exposed a scary shortage of ventilators. Companies from Ford to General Motors are rushing to help ramp up the production of ventilators. Mindray’s representative said that global demand for ventilators is at least 10 times what’s available at hospitals. New York is less than a week away from exhausting its supply, according to Governor Andrew Cuomo. Li is reaping the benefits of the fact that there aren’t a ton of companies that currently create and produce ventilators because it is a very technical and specified process.  Even with companies like Ford and GM stepping in to help, it takes time to ramp up production. In March, Shenzhen Mindray Bio-Medical Electronics received orders from more than 100 countries for their medical devices. Italy ordered 10,000 ventilators. As of this writing, there are more than three million people who have contracted COVID-19. The death toll sits at 220,000, while 957,000 have recovered.