Chang Chung-Hsing

Source of wealth: High-precision gearboxes

64 years male Manufacturing 🇹🇼 TW

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 Chang Chung-Hsing's fortune with the healthcare spending of a massive country

Chang Chung-Hsing 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, Chang Chung-Hsing could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

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Education

Buying the future

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

Chang Chung-Hsing 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 Chang Chung-Hsing could pay for it entirely for 0.7 years.

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Research

The monopoly on progress

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

Chang Chung-Hsing could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.8 years.

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

But even if we compare the total wealth of Chang Chung-Hsing 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.

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

Chang Chung-Hsing'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.

Chang Chung-Hsing could buy 3,080,059 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 Chang Chung-Hsing will almost certainly have enough money left over to pay for the gas.

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Biography

Chang Chung-Hsing is the chairman of Taichung-based Apex Dynamics.

He founded the company in 1987 as a maker of robotic arms, and has built it into one of the world's largest suppliers of high-precision gearboxes.

Apex listed on the Taiwan Stock Exchange in 2022.

It also owns Millennium Vee Hotel Taichung, operated in partnership with Singapore's Millennium Hotels & Resorts, one of the oldest international-brand hotels in central Taiwan.