Andreas Struengmann & family
Source of wealth: Pharmaceuticals
...
...
The scale of their wealth
Health
The price of life
Let's compare Andreas Struengmann & family's fortune with the healthcare spending of a massive country
Andreas Struengmann & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Andreas Struengmann & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Andreas Struengmann & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.2 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 Andreas Struengmann & family could pay for it entirely for 4.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Andreas Struengmann & 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 18.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Andreas Struengmann & 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 0.4 years.
Gold
Everyday luxuries
Andreas Struengmann & family's fortune is equivalent to 75 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.
Andreas Struengmann & family could buy 19,962,182 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 4 trucks to transport them. Although Andreas Struengmann & family will almost certainly have enough money left over to pay for the gas.
Biography
Andreas Struengmann and twin brother Thomas were early backers of BioNTech, which partnered with Pfizer to make a vaccine for Covid-19.
The brothers cofounded generic drugmaker Hexal in 1986 and sold it to Novartis in 2005 for some $7 billion.
The brothers invest in biotech, pharma, life sciences and healthcare companies through their Zug, Switzerland-based investment firm, Santo Holding.
In 2008, they established a neuroscience research center in Frankfurt named after their father, Ernst Struengmann.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison