Cao Renxian

Source of wealth: Photovoltaic equipment

57 years male Energy 🇨🇳 CN

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Cao Renxian's fortune with the healthcare spending of a massive country

Cao Renxian could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 6.4 years.

But even if we compare their fortune with that of a rich country

On the other end, Cao Renxian could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.8 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Cao Renxian could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.2 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 Cao Renxian could pay for it entirely for 5.7 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Cao Renxian could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 23.8 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Cao Renxian 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Cao Renxian's fortune is equivalent to 97 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.

Cao Renxian could buy 25,880,780 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 5 trucks to transport them. Although Cao Renxian will almost certainly have enough money left over to pay for the gas.

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Biography

Cao Renxian is the chairman and CEO of Sungrow, which makes renewable energy products such as solar PV inverters, wind power converters and energy storage products.

Coming from an impoverished rural family in Hangzhou, Cao got his bachelor's and master's degrees in industrial automation from the Hefei University of Technology.

After spotting opportunities in the renewable energy market, he founded in 1997 Sungrow while teaching at his alma mater.

Today, the Shenzhen-listed company also sells its products in global markets including the Middle East, Southeast Asia and the U.S.