David Velez & family
Source of wealth: Fintech
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The scale of their wealth
Health
The price of life
Let's compare David Velez & family's fortune with the healthcare spending of a massive country
David Velez & 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, David Velez & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
David Velez & 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 David Velez & family could pay for it entirely for 4.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
David Velez & 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 20.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of David Velez & 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 0.5 years.
Gold
Everyday luxuries
David Velez & 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.
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 Velez & family could buy 21,973,262 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 David Velez & family will almost certainly have enough money left over to pay for the gas.
Biography
Vélez is cofounder and CEO of Nubank, a Sao-Paulo based digital bank that offers credit cards, checking accounts and life insurance.
Founded in 2013, Nubank went public as Nu Holdings on the New York Stock Exchange in December 2021; it has more than 100 million customers in Brazil, Mexico and Colombia.
Vélez started Nubank after seeing that five Brazilian banks controlled 80% of the market and charged high fees for basic financial products.
Before Nubank, he did stints in investment banking at Morgan Stanley, private equity at General Atlantic and venture capital at Sequoia.
Vélez was born in Medellin, Colombia. He and his family fled to Costa Rica when he was nine to escape violence caused by warring drug cartels.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison