Alberto Siccardi & family
Source of wealth: Medical devices
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The scale of their wealth
Health
The price of life
Let's compare Alberto Siccardi & family's fortune with the healthcare spending of a massive country
Alberto Siccardi & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Alberto Siccardi & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Alberto Siccardi & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.1 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 Alberto Siccardi & family could pay for it entirely for 1.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Alberto Siccardi & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Alberto Siccardi & family 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
Alberto Siccardi & family's fortune is equivalent to 25 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.
Alberto Siccardi & family could buy 6,796,328 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 Alberto Siccardi & family will almost certainly have enough money left over to pay for the gas.
Biography
Alberto Siccardi founded medical device company Medacta and became a billionaire after taking it public on the Swiss stock exchange in April 2019.
The company, based in Castel San Pietro, Switzerland, designs and sells products and technologies for joint replacement, spine, shoulder and sportsmed surgeries and has annual revenue of more than $800 million.
In the early 90s, Siccardi had a bad fall in the Swiss Alps and got a double hip replacement. Dissatisfied with the process, he founded Medacta.
He and his three children share a two-thirds stake in Medacta, which accounts for the majority of the fortune.
Siccardi's father, Francesco, founded Bieffe Biomedical in Florence and sold it to American company Baxter International for $185 million in 1997.
Siccardi used the proceeds to found Medacta in 1999. He served as CEO for nearly two decades before passing the reins to son Francesco in 2018.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison