Albert Nahmad
Source of wealth: Air conditioning parts
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The scale of their wealth
Health
The price of life
Let's compare Albert Nahmad's fortune with the healthcare spending of a massive country
Albert Nahmad could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Albert Nahmad could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Albert Nahmad could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Albert Nahmad could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Albert Nahmad could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Albert Nahmad 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
Albert Nahmad's fortune is equivalent to 9 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.
Albert Nahmad could buy 2,521,299 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 0 trucks to transport them. Although Albert Nahmad will almost certainly have enough money left over to pay for the gas.
Biography
Albert Nahmad is CEO and approximately 7% shareholder of Watsco, a large distributor of air conditioning, heating and refrigeration parts.
Born in Panama, Nahmad emigrated to the United States to study engineering at the University of New Mexico and Purdue.
In 1973, Nahmad bought a stake in Watsco, then a small, publicly traded company.
Using a highly acquisitive strategy, Nahmad helped Watsco grow from a market cap of $22 million in 1989 to more than $20 billion now.
Nahmad's children are active in his businesses. His son is president of Watsco; his daughter is president of the Nahmad Family Foundation.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison