Carlos Sanchez
Source of wealth: Generic drugs
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The scale of their wealth
Health
The price of life
Let's compare Carlos Sanchez's fortune with the healthcare spending of a massive country
Carlos Sanchez 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, Carlos Sanchez 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
Carlos Sanchez 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 Carlos Sanchez 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
Carlos Sanchez could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Carlos Sanchez 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
Carlos Sanchez's fortune is equivalent to 12 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.
Carlos Sanchez could buy 3,100,741 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 Carlos Sanchez will almost certainly have enough money left over to pay for the gas.
Biography
Carlos Sanchez owns and runs privately-held generic drug firm EMS S.A., which was founded by his late father.
EMS S.A. sells prescription, generic, branded generic and over-the-counter products.
In recent years, the company has benefited from adding drugs including generic versions of Viagra and Lipitor to its sales arsenal.
EMS was founded by Sanchez' father, Emiliano, in 1950 as a small pharmacy. Sanchez inherited EMS at age 26 when his father died.
Sanchez owns 75% of EMS; the rest is owned by the sons of his sister, who passed away in 2009.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison