David Nahmad
Source of wealth: Art collection
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The scale of their wealth
Health
The price of life
Let's compare David Nahmad's fortune with the healthcare spending of a massive country
David Nahmad could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.8 years.
But even if we compare their fortune with that of a rich country
On the other end, David Nahmad could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
David Nahmad could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.2 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 David Nahmad could pay for it entirely for 1.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
David Nahmad could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of David Nahmad 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 0.2 years.
Gold
Everyday luxuries
David Nahmad's fortune is equivalent to 27 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 Nahmad could buy 7,314,531 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 Nahmad will almost certainly have enough money left over to pay for the gas.
Biography
Megadealer David Nahmad owns a stockpile of modern and impressionist art, stored in a duty-free warehouse in Geneva, Switzerland.
Nahmad's inventory includes more than 30 blue chip artists, from Monet and Matisse to Renoir and Rothko. He buys and sells mainly at auction.
Among the holdings: 300 Picassos, worth at least $1 billion. The whole collection is worth an estimated $7 billion. He splits the art assets with the heirs of his late brother, Ezra.
David also trades a currency and stock portfolio worth more than $400 million.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison