Artem Khachatryan
Source of wealth: Retail
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The scale of their wealth
Health
The price of life
Let's compare Artem Khachatryan's fortune with the healthcare spending of a massive country
Artem Khachatryan could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Artem Khachatryan could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Artem Khachatryan could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Artem Khachatryan could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Artem Khachatryan could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Artem Khachatryan 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
Artem Khachatryan's fortune is equivalent to 13 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.
Artem Khachatryan could buy 3,348,227 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 Artem Khachatryan will almost certainly have enough money left over to pay for the gas.
Biography
Artem Khachatryan cofounded Russian discount retailer Fix Price in 2007 together with Sergei Lomakin.
The chain has opened more than 4,000 stores across Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan and Uzbekistan.
Khachatryan was previously the executive director of the company, which went public in 2021.
In December 2023 Khachatryan sold his entire stake in FixPrice and resigned as a member of the board, citing family matters.
His cofounder, Lomakin, is also a billionaire.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison