- Editor: Victor Torres
- Translator: Ranting
Nearly a year after the first case of Covid-19 was reported in the Chinese city of Wuhan in December 2019, a host of new billionaires who have emerged in 2020, their fortunes propelled by a stock market surge as investors flocked to companies involved in the development of vaccines, treatments, medical devices and everything in between.
On December 23, 2020, Forbes found 50 new billionaires in the healthcare sector.
The new moguls hail from 11 different countries, but the majority live in China, the early epicenter of Covid-19, which is now home to nearly three dozen new healthcare billionaires.
Chief among them is Hu Kun, the chairman of medical device manufacturer Contec Medical Systems, which went public on the Shenzhen stock exchange in August. Contec’s shares have risen nearly 150% since the IPO on the back of strong overseas sales of products ranging from pulse oximeters to pulmonary devices used for checking lung conditions, all of which have become more necessary with the spread of Covid-19 throughout the globe.
The bloody reality in front of human beings: on the one hand, there are countless deaths, broken families, and a shattered livelihood and economy; on the other hand, there is the feast of capital, one’s meat is another’s poison.
However, I do not want to criticize people who have gained legitimate wealth as a result of the CCP virus pandemic. On the contrary, their contribution to help humanity is greatly appreciated.
What I want to ask is, where does the virus come from? How can it be eradicated? Does the vaccine cause secondary damage? And, is it just a coincidence that so many Chinese people have gained great wealth as a result?