David Lichtenstein
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare David Lichtenstein's fortune with the healthcare spending of a massive country
David Lichtenstein could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.
But even if we compare their fortune with that of a rich country
On the other end, David Lichtenstein could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
David Lichtenstein could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 David Lichtenstein could pay for it entirely for 0.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
David Lichtenstein could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of David Lichtenstein 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
David Lichtenstein's fortune is equivalent to 14 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.
David Lichtenstein could buy 3,651,074 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 David Lichtenstein will almost certainly have enough money left over to pay for the gas.
Biography
Real estate mogul David Lichtenstein first racked up $89,000 in credit card debt to purchase a two-story, multi-family home in New Jersey in 1986.
Today his Lightstone Group oversees some 23,000 rental units across 120 properties across 28 states.
Lightstone is also developing a new brand of millenial-focused city hotels with Marriott, called Moxy. Its Times Square location opened in 2017.
In 2007 he paid $7.4 billion in debt and $200 million in equity for Extended Stay America, a chain of mid-priced hotels.
The recession forced Extended Stay into bankruptcy protection; Lightstone later sold 20 malls for $2.3 billion.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison