Alec Gores
Source of wealth: Private equity
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The scale of their wealth
Health
The price of life
Let's compare Alec Gores's fortune with the healthcare spending of a massive country
Alec Gores 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, Alec Gores 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
Alec Gores 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 Alec Gores 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
Alec Gores 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 Alec Gores 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
Alec Gores'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.
Alec Gores could buy 4,468,127 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 Alec Gores will almost certainly have enough money left over to pay for the gas.
Biography
Private equity mogul Alec Gores cofounded the Gores Group and has sponsored more than a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded in 2020.
His SPACs have orchestrated mergers to take companies like Luminar Technologies, United Wholesale Mortgage and Twinkie-maker Hostess Brands public.
Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968.
The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison