Andrew Beal
Source of wealth: Banks, real estate
...
...
The scale of their wealth
Health
The price of life
Let's compare Andrew Beal's fortune with the healthcare spending of a massive country
Andrew Beal could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 5.4 years.
But even if we compare their fortune with that of a rich country
On the other end, Andrew Beal could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Andrew Beal could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.5 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 Andrew Beal could pay for it entirely for 4.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Andrew Beal could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 20.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Andrew Beal 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 0.5 years.
Gold
Everyday luxuries
Andrew Beal's fortune is equivalent to 82 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.
Andrew Beal could buy 21,977,679 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 Andrew Beal will almost certainly have enough money left over to pay for the gas.
Biography
Andrew Beal is the founder and owner of Beal Financial Corporation, which owns Beal Bank and has assets of more than $22 billion.
The Texas banker is known for gobbling up distressed assets, including mortgages, bonds backed by commercial planes and IOUs to power plants.
He made a tidy sum during the Great Recession, scooping up beaten-down assets while the nation's biggest banks were being bailed out by taxpayers.
Born in Lansing, Mich., he scraped together cash early on fixing used televisions.
Beal dropped out of both Michigan State University and Baylor University and bought a $6,500 house at age 19 that he leased to get a start in real estate.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison