David Walentas
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare David Walentas's fortune with the healthcare spending of a massive country
David Walentas 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 Walentas 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 Walentas 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 Walentas 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 Walentas 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 Walentas 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 Walentas'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 Walentas could buy 3,670,666 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 Walentas will almost certainly have enough money left over to pay for the gas.
Biography
David Walentas founded Two Trees Management, which is best known for transforming two Brooklyn neighborhoods, Dumbo and Williamsburg.
Walentas owns over two dozen residential and commercial properties across Dumbo, Brooklyn Heights, Williamsburg and Manhattan.
In the 1970s he borrowed $12 million to buy 2 million square feet of industrial buildings in an unpopular part of Brooklyn that later became Dumbo.
He acquired the Domino Sugar refinery's 11 acres in Brooklyn for $185.5 million in 2012 and is remaking it; the first tower opened in 2017.
Walentas works closely with his son Jed, who became CEO of Two Trees in 2011.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison