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#262

Chen Tao & family

Source of wealth: Hardware

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 Chen Tao & family's fortune with the healthcare spending of a massive country

Chen Tao & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 5.4 years.

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

On the other end, Chen Tao & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.4 years.

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Education

Buying the future

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

Chen Tao & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.5 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 Chen Tao & family could pay for it entirely for 4.8 years.

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Research

The monopoly on progress

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

Chen Tao & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 20.0 years.

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

But even if we compare the total wealth of Chen Tao & family 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 0.4 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

Gold bar

Chen Tao & family's fortune is equivalent to 82 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Chen Tao & family could buy 21,750,892 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 4 trucks to transport them. Although Chen Tao & family will almost certainly have enough money left over to pay for the gas.

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Biography

Chen Tao is the chairman of Victory Giant Technology, which specializes in printed circuit boards.

The company's products are widely used in artificial intelligence, data centers, automobiles, aerospace, medical devices and industrial industries.

Prior to his entrepreneurial journey, Chen served as an officer in the People's Armed Police.

His brother Chen Yong is a director and vice president at the company.

Financial Assets

Exchange
NASDAQ & OPEN-END FUNDS
Ticker
VDSIX-US
Company
Victory Diversified Stock Fund (VDSIX)
Exchange
SHENZHEN
Ticker
300476-CN
Company
Victory Giant Technology (HuiZhou)

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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