Arvind Lal
Source of wealth: Medical diagnostics
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The scale of their wealth
Health
The price of life
Let's compare Arvind Lal's fortune with the healthcare spending of a massive country
Arvind Lal could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Arvind Lal could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Arvind Lal 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 Arvind Lal could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Arvind Lal could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Arvind Lal 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
Arvind Lal's fortune is equivalent to 11 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.
Arvind Lal could buy 2,967,191 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 Arvind Lal will almost certainly have enough money left over to pay for the gas.
Biography
Arvind Lal is executive chairman of diagnostics chain, Dr Lal PathLabs, in which he owns a majority stake.
The company is located in Gurgaon, a thriving township close to Delhi, and has clinical labs and collection centres across India.
The company offers a range of pathology, radiology and cardiology tests.
The business was founded by his father S.K. Lal, also a doctor, in 1949 in Delhi. Arvind Lal joined the business after studying medicine, at age 28.
His wife, Vandana Lal, who is a pathologist, is the technical director and heads clinical research services and the test development department.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison