Ajay Jaisinghani
Source of wealth: Wires and cables
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The scale of their wealth
Health
The price of life
Let's compare Ajay Jaisinghani's fortune with the healthcare spending of a massive country
Ajay Jaisinghani could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Ajay Jaisinghani could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Ajay Jaisinghani could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Ajay Jaisinghani could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Ajay Jaisinghani could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Ajay Jaisinghani with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
Ajay Jaisinghani's fortune is equivalent to 17 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Ajay Jaisinghani could buy 4,495,631 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Ajay Jaisinghani will almost certainly have enough money left over to pay for the gas.
Biography
Ajay Jaisinghani gets his wealth from a minority stake in Polycab India, which makes electrical wires and cables.
Polycab was started as a trading firm in 1986 by his brother Inder Jaisinghani.
The company makes everything from power cables to solar cables to optical fibre cables for the the power, oil and gas and renewable energy industries.
In 2014, Polycab expanded into products such as electric fans, LED lighting, switches and switchgear.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison