David Paul
Source of wealth: Medical devices
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The scale of their wealth
Health
The price of life
Let's compare David Paul's fortune with the healthcare spending of a massive country
David Paul 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 Paul 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 Paul 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 Paul 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 Paul could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of David Paul 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 Paul'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 Paul could buy 3,603,023 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 Paul will almost certainly have enough money left over to pay for the gas.
Biography
David C. Paul is the founder and executive chairman of spine implant manufacturer Globus Medical.
A mechanical engineer by training, Paul moved to the U.S. from India to get his master's degree at Temple University.
Paul worked as an engineer for medical device giant Synthes before leaving in 2003 to start Globus.
Paul took Globus public in 2012.
In 2017 Paul stepped down as CEO due to a "health condition," according to a company press release.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison