Billionaire Profile

Global Rank

#536

Image: unknown, published with the 1924 book | Public domain | via Wikimedia Commons

Xu Hang

CEO, Medical devices

HONG KONG

Real-Time Net Worth

$7.163B

Estimated based on Medical devices stock value as of March 6, 2026

+2.08% (24h)

Age

Source

Medical devices

Industry

Healthcare

Citizenship

HONG KONG

Biography

Xu Hang is a prominent figure in the medical device industry and a Chinese billionaire business magnate. Born in 1963, he is the co-founder and director of Shenzhen Mindray Bio-Medical Electronics. His career highlights include co-founding Mindray Medical International in 1991, which became a leading high-tech medical equipment manufacturer. Xu is also the owner of China's real estate developer Parkland Group. As of February 2, 2026, Xu Hang's net worth is estimated at $7.3 billion, and he is ranked #517 globally. Xu Hang has received the National Progress Award and was ranked #113 globally in 2022 with a fortune of $16.1 billion.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Xu Hang was born in Wuxi, Jiangsu province, China, in 1963. Growing up, he showed a strong interest in science and technology, which would later shape his career. He earned a Bachelor of Engineering and a Master of Science in Engineering from Tsinghua University.

Rise to Success

Xu Hang's career began in the academic and research sectors, where he contributed to various projects related to medical electronics. In 1991, he co-founded Mindray Medical International in Shenzhen with Li Xiting and Cheng Minghe. Mindray quickly grew to become the largest high-tech medical equipment manufacturer in China. In 2001, Xu established Pengrui Investment Group Co., Ltd, which focuses on high-tech environmental protection, real estate, and ecotourism projects. He resigned from his co-CEO position at Mindray in 2012 but continues to serve as the company's chairman.

Key Business Strategies

Xu Hang's key strategy was to focus on research and development, leading to innovative medical equipment. Mindray expanded its business to over 190 countries.

Philanthropy

Xu Hang is known for his philanthropic efforts, contributing to education, healthcare, and environmental protection initiatives. He has supported education through funding and has donated medical equipment to underserved regions.

Career Milestones

1991

Co-founded Mindray Medical International

Co-founded the medical device company, which became the largest high-tech medical equipment manufacturer in China.

2001

Established Pengrui Investment Group Co., Ltd.

Founded a company focusing on high-tech environmental protection, real estate, and ecotourism.

2012

Resigned as Co-CEO of Mindray

Continued to serve as Chairman of the Board.

Philanthropy & Social Impact

Education and Research

Mindray Foundation

Undisclosed

Supports medical education and research

Healthcare and Education

Donations

Undisclosed

Donated medical equipment to Tsinghua University hospital and to underserved regions

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