Don Hankey
Source of wealth: Auto loans
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The scale of their wealth
Health
The price of life
Let's compare Don Hankey's fortune with the healthcare spending of a massive country
Don Hankey could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Don Hankey could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Don Hankey could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.4 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 Don Hankey could pay for it entirely for 3.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Don Hankey could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 13.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Don Hankey 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 0.3 years.
Gold
Everyday luxuries
Don Hankey's fortune is equivalent to 56 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.
Don Hankey could buy 14,906,831 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 3 trucks to transport them. Although Don Hankey will almost certainly have enough money left over to pay for the gas.
Biography
The little-known king of subprime car loans, Don Hankey presides over the $30 billion (assets) Hankey Group, a Los Angeles-based auto services empire.
His Westlake Financial Services works with more than 50,000 car dealerships in all 50 states to provide car loans to people with bad, or no, credit.
The Hankey Group also includes a real estate firm and a Toyota dealership, plus auto insurance, rental car and dealer software companies.
As a teen Hankey worked as a lot boy, washing and polishing cars, and then as a salesman at his father's Los Angeles Ford dealership.
In 1972 he bought control of the dealership and began extending loans to people with poor credit. The business took off and is now his biggest asset.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison