August Troendle
Source of wealth: Pharmaceutical services
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The scale of their wealth
Health
The price of life
Let's compare August Troendle's fortune with the healthcare spending of a massive country
August Troendle could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.5 years.
But even if we compare their fortune with that of a rich country
On the other end, August Troendle could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
August Troendle could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.0 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 August Troendle could pay for it entirely for 1.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
August Troendle could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 5.6 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of August Troendle 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
August Troendle's fortune is equivalent to 23 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.
August Troendle could buy 6,030,352 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 August Troendle will almost certainly have enough money left over to pay for the gas.
Biography
August Troendle is the CEO of Medpace, a clinical research company he founded in Cincinnati, Ohio in 1992; he owns nearly 20% of the stock.
Medpace conducts clinical trials for pharmaceutical companies seeking to bring drugs, vaccines or medical devices to market.
Before starting Medpace, Troendle spent five years as a director at Swiss pharma company Sandoz, now known as Novartis.
He also briefly worked as a medical review officer at the FDA's division of metabolic and endocrine drug products from 1986 to 1987.
A doctor with an M.D. from the University of Maryland, Troendle has also served on the boards of several public and private healthcare companies.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison